Disrupting Bloomberg

This threatens entrenched barriers to entry, including the high costs of obtaining the financial, physical, and human capital necessary to compete.

Whether we wish to acknowledge it or not, the Corporation itself is being disrupted

For example, Bloomberg is a company that makes the bulk of its revenue renting computer terminals to banks and hedge funds, and, unsurprisingly, is probably the most negative on crypto. It would be as if Exxon owned a news company that covered clean energy.

In the two decades after I left, I waited for the end of Wall Street as I had known it. The outrageous bonuses, the endless parade of rogue traders, the scandal that sank Drexel Burnham, the scandal that destroyed John Gutfreund and finished off Salomon Brothers, the crisis following the collapse of my old boss John Meriwether’s Long-Term Capital M

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The State of FANGEach of the FANG companies is in a similar position in their respective industries: they haven’t so much disrupted incumbents as they have subsumed them:Facebook: The late David Carr, who first broke the news about Facebook’s Instant Articles initiative back in 2014, worried that “media companies would essentially be serfs in a kin... See more