I used one for years. Nice data and news feed, but expensive if your company needs 50 of them. No wonder Mike B. thinks he is the Crown Prince of America. :)
Bloomberg’s business model is highly shady, in my opinion.
For enough money, I think certain firms get advantaged access to data from Bloomberg. Most are told that it is impossible and data is only accessible through the Bloomberg terminal. It is possible.
I’m not a Bloomberg fan, and I would like to see him leave and never hear from him again.
However, anyone who owns a site like this one and doesn’t monitor it is an idiot.
Likewise, anyone who uses a site like this on and doesn’t think that every key stroke isn’t monitored is an idiot.
Big Brother Bloomberg.
Spying on the government. That takes chutzpah.
That's to put it MILDLY.
If you had access to the Bloomberg logs, and noticed that the traders at Goldman Sachs were suddenly intensely interested in a certain topic, how much would that info be worth to rival trading firms?
You wouldn't even have to tell them how you knew, just have a cutout with no discernible connection to Bloomberg tell firms "take a look at Company X".
This is humongously shady and likely tied to insider trading and market manipulation, IMO.
I wonder if this is really how Bloomy became one of the richest men on the planet. He’s someone I wouldn’t mind at all seeing brought down.
More, including that they tapped JPMorgan—and apparently lots others for years (back to Bloomy’s direct involvement?) as well: