Money.net, an online platform for financial data and news, says it has grown its ranks of subscribers to more than a quarter the size of industry behemoth Bloomberg, reports Kevin Dugan of the New York Post.
Dugan writes, “The company, which charges as little as $1,500 a year for a subscription, now has more than 83,000 registered users, according to CEO Morgan Downey, who hasn’t previously disclosed the figures.
“Meanwhile, subscriber numbers for Bloomberg, which charges as much as $24,000 a year, fell about 1 percent last year to 324,485, according to a March report from Burton-Taylor International.
“‘Our goal is to leapfrog Bloomberg,’ Downey, who was a Bloomberg exec until 2014, told The Post in an interview.
“The revelation comes as Money.net releases an updated platform to users that integrates Dataminr, a tool that integrates real-time data from social platforms like Twitter, and Symphony, a Wall Street-owned chat application that has challenged Bloomberg’s integrated chat feature.”
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