Media Moves

Money.net now has more than 80,000 subscribers

November 30, 2017

Posted by Chris Roush

Money.netMoney.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.”

Read more here.

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