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Gloomberb

gloom.sh

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41–50 of 249 posts

Re: Gloomberb

#41

Post by croes »

devin wrote: post #22
u8 wrote: post #8

Yeah... people aren't paying Bloomberg $31,980 per year for a TUI. They're paying for the data source... and I don't think you have Bloomberg's connections.

To be fair, I don't see anywhere on this page where they try to suggest that this is competitive with a Bloomberg terminal.

The name

Re: Gloomberb

#42

Post by tikhonj »

ryukoposting wrote: post #40
u8 wrote: post #8

Yeah... people aren't paying Bloomberg $31,980 per year for a TUI. They're paying for the data source... and I don't think you have Bloomberg's connections.

Asked a dear friend in the finance industry what he thought about Bloomberg. He's the type of guy who uses these systems daily. Mostly paraphrasing: 1) Bloomberg was lightyears ahead of anything else in the pre-internet days, so there's a lot of UI familiarity. 2) Bloomberg's chat is important because, as a hedge fund or investment bank, the chat is how you buy and sell bonds. You agree to the trade in the chat, then…

Bloomberg is big enough that different aspects of the system are going to be absolutely key for substantial subsets of its customers.

Re: Gloomberb

#43

Post by NDlurker »

croes wrote: post #41
devin wrote: post #22

Earlier quoted context omitted.

To be fair, I don't see anywhere on this page where they try to suggest that this is competitive with a Bloomberg terminal.

The name

Inspired by and competing with are different things

Re: Gloomberb

#44

Post by hmokiguess »

lesam wrote: post #29
hmokiguess wrote: post #24

Earlier quoted context omitted.

Can you elaborate on the network effect piece? Curious about that

It's really useful to have a chat app that is gatekept behind a 20k/year+ subscription. It's a particularly useful signal if someone is offering you a million+ dollar asset for sale.

I get that, was more curious if you knew how much that is used for signaling and the traffic there. I sort of expected these communities to exist in other sources (like regular SMS / Slack / private back channels etc).

Re: Gloomberb

#45

Post by hmokiguess »

kortilla wrote: post #37
hmokiguess wrote: post #24

Earlier quoted context omitted.

Can you elaborate on the network effect piece? Curious about that

Same effect as a country club. You know a lot about the person you’re talking to just based on their presence.

That's a cool way of putting it, thank you!

Re: Gloomberb

#46

Post by rdiddly »

u8 wrote: post #8

Yeah... people aren't paying Bloomberg $31,980 per year for a TUI. They're paying for the data source... and I don't think you have Bloomberg's connections.

Good thing they're not asking $31,980 per year for it then?

Re: Gloomberb

#47

Post by rmah »

jimmydddd wrote: post #30
u8 wrote: post #8

Yeah... people aren't paying Bloomberg $31,980 per year for a TUI. They're paying for the data source... and I don't think you have Bloomberg's connections.

Financial companies are cutting down on the amount associates can bill the firm for a $30 dinner, and the time before they can have the firm pay for a $30 car ride home. They definitely wouldn't pay for Bloomberg if it could be easily replaced.

Bloomberg terminal is only $133/day (assuming 240 work days per year). So, while $32k/yr seems expensive at first glance, given the total annual cost of an analyst or trader, it's not huge. Of course, they'd rather not spend the $32k/yr if they could avoid it, if bloomberg can give you an edge on just one or two trades a year, you come out ahead. So...

Re: Gloomberb

#49

Post by ComputerPerson »

crossthestreams wrote: post #9
hmokiguess wrote: post #2

this looks neat, what's the data source and latency?

Looks like Yahoo and the SEC for filings: https://github.com/gloom-sh/gloomberb/tree/cd82b5c61a8d0eb0d...

Which is not great for history, right? Seems like a real detractor.

You pretty much need $30/m subscriptions for historical data. Not that it couldn't be worked into this.

Re: Gloomberb

#50

Post by rdiddly »

Useful on its own merits.

Everybody who's distracted by the name and can't get past it, there's a thread developing here somewhere, where they're comparing it to Bloomberg.

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