The following year, general spending on financial market data and analysis rose to a record $28.5B, while Bloomberg lost market share, according to the Financial Times. In 2016, sales of the Bloomberg Terminal dropped for the second time ever. At the same time, Bloomberg’s share of that market shrank.īloomberg’s weaknesses have become increasingly more apparent. Reporting on the news, doing research, and other unprofitable lines of business are tolerable for Bloomberg if they can deliver value to terminal users.ĭuring 2017, general spending on financial market data and analysis rose 3.6% to a record $28.5 billion. The revenue Bloomberg drives from these other lines of business, however, is negligible when compared to the terminal.
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