Categories: OLD Media Moves

Money.net now has more than 80,000 subscribers

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.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.