04 Oct 2017 Bloomberg offers cheaper chat to silence Symphony

Data powerhouse unbundles messaging service to counter rival’s social network ambitions

Bloomberg is offering cut-price subscriptions to its messaging tool in an effort to fend off competition from Symphony, the rival service backed by some of the biggest names on Wall Street.

For years, the New York-based financial information powerhouse has had a rigid pricing structure, offering terminals that provide services ranging from financial data to messaging for a fixed price — currently $22,000 a year for a bulk deal, over a two-year term.

Read the full story here:  https://www.ft.com/content/f16d73ee-a910-11e7-ab55-27219df83c97?mhq5j=e5