Bloomberg’s former chief content officer Norman Pearlstine has signed on with startup Money.Net. Pearlstine will handle development of the new company’s artificial intelligence based news service.
The interesting thing is that Money.Net will compete directly with some of Bloomberg’s services. But it will also have a lot of other competition as it is entering an already crowded market. As everybody and his uncle looks for ways to get a leg up in the markets, financial service websites which offer to give users a platform for investing and which claim to also provide useful advice and information are proliferating like rabbits.
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Pearlstine told The New York Times, “I think I know what the customer is looking for, and I think I know where smart developers and journalists working together can add value. My bias is toward not spending a lot of time duplicating things that everybody else is doing — trying to think about what timely, usable information is for a professional investor.”
Money.Net is a suite of applications people used to interact with financial information in their jobs or for research every day to increase productivity and make money. Banks, hedge funds, asset managers, business school students and academics in 57 countries use Money.Net. Money.Net is the New York based, modern, affordable, new replacement for clunky old legacy systems. The Money.Net desktop application, Excel add in, MATLAB integration and mobile apps provide multi asset class (equities, commodities, FX, fixed income) global coverage. Money.Net provides real time and historical market price data, reference data (financials, economic data, supply and demand fundamentals), breaking real time news, voice squawk, severe weather and earthquake visualization on maps, and much more all for 1/15th the cost of a legacy terminal. For more information, visit www.money.net
Norman Pearlstine is an American editor and the Vice Chairman of Time Inc. Pearlstine became Vice Chairman of Time Inc. in July 2016. In this role, Norm collaborates with the Time Inc. International team and Chief Financial Officer to identify international growth opportunities for the company’s brands and content. He also supports and consults with the Time Inc. executive team on specific projects.
