Bloomberg what is it

That being said, the company has not taken that for granted, and in nearly four decades has grown its list of offerings tremendously. With greater diversification—outside of the Bloomberg terminal product, or even outside of the world of finance altogether—comes the increased likelihood that the company will weather future storms. Bloomberg has faced legal troubles in its past, including a class action suit regarding female employees and maternity leave, and it has also faced challenges related to data breaches, as indicated above.

Newcomers in the finance data analytics field have come and gone, but that's no guarantee of Bloomberg's dominance in the future. Still, though, it seems unlikely that this dominant company is going anywhere anytime soon. Company Profiles.

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Future Plans. Key Challenges. Key Takeaways Bloomberg LP is a global media and financial data and analytics conglomerate. The company generates revenue from subscriptions and fees associated with Bloomberg terminals as well as a variety of other services including Bloomberg News and Bloomberg Business, focused on venture capital, brokerage, and more.

Bloomberg terminals are essentially unrivaled within the finance world and have contributed to the company's massive growth in its year history. Fast Fact Bloomberg founder and former mayor of New York City Michael Bloomberg launched the company in after receiving a settlement when his former firm, Salomon Brothers, was acquired.

Fast Fact Bloomberg's fastest-growing revenue stream for was research products. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.

This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Related Articles. Company Profiles Bloomberg vs. Company Profiles How Mint. Partner Links. Related Terms Bloomberg Definition Bloomberg is a major global provider of hour financial news and information. What Is Venture Capital? Venture capital is money, technical, or managerial expertise provided by investors to startup firms with long-term growth potential.

Who Is Michael Bloomberg? Michael Bloomberg is a billionaire businessman, publisher, and philanthropist, and a former mayor of New York City. What Is a Bloomberg Terminal? Subscriptions for the news source grew to , over the proceeding 10 years, and the company then launched Bloomberg Tradebook, allowing people to trade directly through Bloomberg.

As of , the company is made up of financial products, enterprise products, industry products, and media services. Since its inception, Bloomberg has grown to become one of the most important financial companies in the world. It has over , subscriptions to its professional services, almost 1 million global circulations of Bloomberg Businessweek and over news bureaus internationally.

The number of subscribers to its terminals has declined only twice—the first time was after the financial crisis, and the second time was in The iconic Bloomberg Terminal, also known as the Bloomberg Professional Service, is a software system and computer interface that gives financial professionals the ability to track and analyze breaking news across the globe.

The Bloomberg Terminal is geared toward large, institutional investors , and facilitates communication, information, and trades between institutions. To support this massive network of financial information, data encryption , messaging, and trading, Bloomberg employs over 4, computer engineers around the globe. These engineers make daily tweaks and improvements to the Bloomberg Professional Service so it continues to provide the most comprehensive array of financial capabilities open to the general public.

Bloomberg actively stays ahead of the technology curve by implementing aspects of current tech trends, such as its adoption of open-source technologies like Hadoop big-data framework and Solar search platform.

In May , Bloomberg opened up a technology hub in San Francisco, moving the majority of its engineers away from its New York headquarter offices. The company hopes this will allow it to acquire and retain top engineering talent and help it continue to deliver the highest level of technological capabilities to its Bloomberg Professional Service customers. CB Insights. Company Profiles. Tools for Fundamental Analysis.

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We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Business Company Profiles. What is Bloomberg? Key Takeaways Bloomberg is a media conglomerate that is a provider of financial news and information, research, and financial data.

The main revenue earner for the company is its Bloomberg Terminal, which provides snapshot and detailed information about financial markets. Article Sources. Investopedia requires writers to use primary sources to support their work.

These include white papers, government data, original reporting, and interviews with industry experts.