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It's only a problem if you're a public company and have shareholders. If you're private, it's not really a serious problem if you have a large enough buffer to support current operations. I think Bloomberg is in the latter category. Revenues from selling their terminal have declined every year for awhile, but since they're private, they're not panicking as much.

There are public companies that operate this way as well, like utilities. There is no reason a tech company couldn’t as well, but the stock price would need to drop to reflect minimal growth. No more 20x multiples.

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