Ecosystem Lock-in · Moat & Competition
The $30,000 Habit Wall Street Can't Quit: Inside the Bloomberg Terminal's Lock-In
A Bloomberg Terminal costs more per year than a car, the data on it is available cheaper elsewhere, and the interface looks like it's from 1985. Finance pays anyway - hundreds of thousands of times over - because the thing you're really buying isn't data. It's everyone else who's already on it.
7 min