![]() ![]() For all the embarrassing revelations about Bloomberg News reporters snooping on Ben Bernanke and Alan Greenspan through their terminals, the more telling fact is this: Since the scandal broke last week, Bloomberg says that not one terminal client has called to cancel a subscription. Over the last 30 years, Bloomberg has built its subscription terminal software into an indispensable part of Wall Street’s money machine, a tool whose thousands of functions are so deeply engrained in the trader’s psyche that giving it up would be nearly impossible. ![]() ![]() The answer to that question is almost certainly that it won’t - at least, not materially. Of all the scandal bits now spinning around the revelation that employees of Bloomberg News had access to some sensitive data about users of Bloomberg’s terminal software, the only one that likely matters to executives inside Bloomberg LP’s 731 Lexington Avenue headquarters is, “Will this hurt the terminal business?”
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