It's interesting to think about from a different angle:
Paul Graham once wrote that "information wants to be free", and that there are very few areas in which you can make a significant revenue by selling information, financial information being the exception.
$6B ($9b) seems to be the upper bound of revenue for an information product (company). And Bloomberg has unusually wide moat.
Paul Graham once wrote that "information wants to be free", and that there are very few areas in which you can make a significant revenue by selling information, financial information being the exception.
$6B ($9b) seems to be the upper bound of revenue for an information product (company). And Bloomberg has unusually wide moat.