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OpenBB: A free alternative to the $20,000 Bloomberg Terminal Available 100% free on GitHub: https://t.co/rVf9riF9Tv

Michael Bloomberg started his company in 1981. He was already 39 years old. He faced large incumbents with tens of thousands of installed terminals and by global news agencies. Let's take a look at how he cracked the code to become the dominant player in financial information https://t.co/y0MeYR82s6

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.

BLOOMBERG KILLERS In the past, you had no choice. Open your BBG terminal, grab your HP 12C, and hunt. Now, Bloomberg has real competition at the high end w/ LSEG, Cap IQ, and FactSet. And forget the HP 12C. Excel is all you need. But what if the cost is still too... See more

OpenBB: A free alternative to the $20,000 Bloomberg Terminal Available 100% free on GitHub: https://t.co/ubFJt9aHG0

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.