Twilight Of The Terminal: The Disruption Of Bloomberg L.P

Re:Twilight Of The Terminal: The Disruption Of Bloomberg L.P by stubborn_d0nkey on Thursday September 20, 2018 @10:19AM (#18032598)

> More than 320,000 people around the world — mainly traders, analysts, and brokers — pay about $24,000 a year each to use the Bloomberg Terminal to access real-time market data, communicate with other users, get the latest news, pull company data, and more.

> Assuming minimal discounting, that would make the terminal a more than $7B business alone.

The numbers do not fit 320,000 * 24,000 is over 700B.

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Re:Twilight Of The Terminal: The Disruption Of Bloomberg L.P by romwell on Thursday September 20, 2018 @07:14PM (#18036132)

>The numbers do not fit 320,000 * 24,000 is . . .

Here's a mental math flow for this estimate:

      320,000 * 24,000  
     =(320 * 24) million (let's deal with the easy zeros first)
    ~=(300 * 20) million (underestimate)
     =(600 * 10) million
     = 6 billion (very roughly).

Another flow:

      (320 * 24) million 
    ~=(320 * 25) million (overestimate)
     =(80 * 100) million
     =8 billion.

So we have a number between 6 and 8 billion, 7 sounds about right.

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Re:Twilight Of The Terminal: The Disruption Of Bloomberg L.P by IvyMike on Thursday September 20, 2018 @12:28PM (#18033659)

Please double-check your math. https://www.google.com/search?q=320%2C000+*+24%2C000+in+word...

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