Comment by mushufasa
3 hours ago
Correct. Also, Bloomberg has messaging for traders that is actually an important network effect in certain domains.
3 hours ago
Correct. Also, Bloomberg has messaging for traders that is actually an important network effect in certain domains.
Can you elaborate on the network effect piece? Curious about that
It's really useful to have a chat app that is gatekept behind a 20k/year+ subscription. It's a particularly useful signal if someone is offering you a million+ dollar asset for sale.
I get that, was more curious if you knew how much that is used for signaling and the traffic there. I sort of expected these communities to exist in other sources (like regular SMS / Slack / private back channels etc).
2 replies →
Same effect as a country club. You know a lot about the person you’re talking to just based on their presence.
That's a cool way of putting it, thank you!
Some assets are traded OTC aka “in a chat window”.