added by sari · updated 2y ago
Disrupting Bloomberg
- It has a high learning curve. (A comprehensive training course takes eight hours to complete.)
from Disrupting Bloomberg by Marc Rubinstein
sari added 3y ago
- The average user uses only a small fraction of its functions.
from Disrupting Bloomberg by Marc Rubinstein
sari added 3y ago
- Bloomberg fits the Christensen incumbent model not just because it exceeds the needs of some customers but also because it ignores the needs of others.
from Disrupting Bloomberg by Marc Rubinstein
sari added 3y ago
- The Bloomberg-as-social-network analysis is a useful one because without it, it’s hard to see how Bloomberg has survived:
from Disrupting Bloomberg by Marc Rubinstein
sari added 3y ago
- Yet in the US$32 billion industry for financial data, Bloomberg is the dominant player, with a third of the market. Its position has become even more entrenched over the past ten years, as those around it have lost market share.
from Disrupting Bloomberg by Marc Rubinstein
sari added 3y ago
- It has a poor user interface.
from Disrupting Bloomberg by Marc Rubinstein
sari added 3y ago
- In data and analytics, Bloomberg is being challenged by a raft of start-ups. Some of them target smaller investors like me who baulk at paying Bloomberg’s US$24,000 subscription fee. Others target bigger customers who want to go deeper into more specialised data than Bloomberg supports. I use two alternatives—Koyfin and Sentieo.
from Disrupting Bloomberg by Marc Rubinstein
sari added 3y ago
- Symphony’s challenge currently is squeezing revenue out of its customers. It overtook Bloomberg’s 332,000 user count in 2018. But it charges US$24,000 for up to 100 seats, rather than the US$24,000 Bloomberg charges for one. Also, its network tends to be more internal than Bloomberg’s, with as many banks on it but fewer of their clients. Last year ... See more
from Disrupting Bloomberg by Marc Rubinstein
sari added 3y ago
- But Bloomberg’s a tough device to dislodge. It retains prime real estate on its users’ desks and it’s a social network and it’s a luxury good. In combination, these features have lent it immunity to Christensen’s disruption theory. Slack may be an easier challenge.
from Disrupting Bloomberg by Marc Rubinstein
sari added 3y ago