alt Hacker NewsAt $32,000 a year per person the Bloomberg Terminal is a deeply unfair advantage for the rich to get richer.
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Not 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.
E.g. $32k cost of business to make $2bn revenue statistically approximates zero.
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.
youre assumming that the average person can use bloomberg profitably. thats absolutely not true. the average person gambles on crypto or polymarket
that's a perverse way of looking at the cost of a service offering.
If that were true, it would cost more than a Toyota RAV4
The entire financial industry is based around unfair advantage.