Yeah, but I think they just sell convenience and there are projects on GitHub like openbb that piece together something very similar for much less.
replyIn finance, people who consider the cost of a Bloomberg terminal "expensive" are often considered "not serious" (small fish)... it has often been seen as a status symbol as well as a professional work tool.
replythat's a perverse way of looking at the cost of a service offering.
replyNot really. If you ran a restaurant instead, you may also have to buy a few thousand dollars worth of ingredients and pay thousands of dollars in salaries per year and renting a venue to make the revenue that you are making. Even a pizza delivery service may need a few thousand dollars a year for a car and its driver plus petrol, taxes, insurance. Relevant is not the cost of doing business, but the annual revenue and margins.
replyE.g. $32k cost of business to make $2bn revenue statistically approximates zero.
If that were true, it would cost more than a Toyota RAV4
replyThe entire financial industry is based around unfair advantage.
reply