Norm Pearlstine Joins Bloomberg Terminal Competitor

Money.net is a startup with plans to take on Bloomberg Terminals with its own low-cost alternative. While a subscription to Bloomberg Terminals typically run about $21,000 a year, a subscription to Money.net’s service only costs about $1,500.

Non-coincidentally, Money.net was founded by former Bloomberg exec Morgan Downey. Pearlstine also previously worked for Bloomberg.

At Money.net, Pearlstine will be “assembling a team of talented developers and journalists, who working together will provide subscribers with products using machine learning and other forms of AI to move beyond algorithmic filters and tags.”