[1] One older gent I know asked me why his Outlook wouldn't send mail. He said, "I keep hitting <1><Go> and it doesn't send!"
[2] Many folks don't realize that Bloomberg is way more than just IM and market data. In fact it has a comprehensive set of extraordinarily usable and precise analytic tools that are simply unmatched by anyone else's offerings, including the internal tools of nearly every bank and most hedge funds.
(edit):
- Massive network effects
- User base has the (excellent) UX hard-wired in muscle memory [1]
- Cost is immaterial to the audience
- Absolutely superb, market-standard analytics [2]
[1] One older gent I know asked me why his Outlook wouldn't send mail. He said, "I keep hitting <1><Go> and it doesn't send!"
[2] Many folks don't realize that Bloomberg is way more than just IM and market data. In fact it has a comprehensive set of extraordinarily usable and precise analytic tools that are simply unmatched by anyone else's offerings, including the internal tools of nearly every bank and most hedge funds.