TR will not disappear. But their value to the market was "data + interface to said data" and that value prop is quickly eroding to "just the data". You can be

TR will not disappear. But their value to the market was "data + interface to said data" and that value prop is quickly eroding to "just the data". You can be a huge, profitable data-only company... but it's likely going to be smaller than a data+interface company. And so, shareholder value will follow accordingly.