Bloomberg Terminal Subscribers Drop For Only Second Time In History

Tuesday, March 28, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Mar 28, 2017

Over the past 10 years the number of Bloomberg terminal subscriptions have soared nearly 50% as the number of 30-somethng hedge fund managers looking to strike it rich by charging ‘yuge’ fees to match the returns of the S&P also skyrocketed.

But, it looks as if wall street may have finally reached a short-term, peak-insanity threshold in 2016 as the number of Bloomberg terminal subscriptions declined for only the second time since Michael Bloomberg founded the company in 1981. According the Financial Times and research by Burton-Taylor International, the number of distinct terminals dropped by 3,145 in 2016 with the only other drop coming in the midst of the ‘great recession’ back in 2009 when the company lost 20,000 terminals.

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