As Bloomberg announced its new media direction recently, it comes amidst increasing questions regarding the long-term viability of the firm’s crown jewel and its business model: The Bloomberg terminal. In the Internet age when much of the functionality and information on the Bloomberg terminal is available for free or at lower cost, can Bloomberg hold its grip on the market? “Here’s a business that makes billions every year charging its users to access data that it generally obtains from third parties” Matt Turck, managing director at FirstMark, a venture capital firm that invests in big data firms, asks the question: …
In The Era Of Free Information, Can Bloomberg's Terminal Be Toppled?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.