Bloomberg Terminal Users Declined in 2016 – The Desk
March 30, 2017 \ 4 Comments
Full Article: The Desk
The report found that Bloomberg accounted for 33.40% of market share as a result of growth in its data feed and other non-terminal business. At the same time, terminal counts shrank for only the second time in company history.
Saw a competitor to Bloomberg post on LinkedIn that this is Bloomberg’s “Blackberry Moment”. I couldn’t disagree more. According to this article, it looks like Bloomberg is expanding their domination in financial market data which in my humble opinion is the most valuable resource in financial markets. Relying less on terminal sales to make ends meet is a fantastic long term play.
Looks like business as usual at Bloomberg. So much for all the disruptive technology designed to slay it.
Best of luck to those that are getting all hot and bothered over the terminal miss. It’s nice to own the delivery mechanism as well as the info delivered, stickiness has tremendous value….but judging from these numbers looks like Bloomberg is making a long term bet on building valuable data and content as delivery gets democratized….and they are doing a pretty good job of it.
I feel that Bloomberg has been asleep at the wheel and really offered much less on the data innovation front than I would expect. There is this entire data revolution going on and they haven’t been innovative ENOUGH. Makes sense data business is comprising MORE revenue but given the goldmine of data they sit on, I would have expected a lot more innovation and try/fail ideas. But it is true that it’s difficult for bigger companies to innovate given the ingrained culture set forth by decades of doing things a certain way. But, there is tons of unexplored potential in… Read more »
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