Bloomberg L.P.
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, and Charles Zegar. The company primarily provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organizations around the world through the Bloomberg Terminal, its core revenue-generating product.
History[edit | edit source]
Michael Bloomberg, the former mayor of New York City, along with Thomas Secunda, Duncan MacMillan, and Charles Zegar, founded Bloomberg L.P. in 1981. The company started with a 30% investment from Merrill Lynch. Bloomberg L.P. launched its first product, the Bloomberg Terminal, in 1982. The Bloomberg Terminal is a software system that provides financial data, analytics, and more to professionals in the financial service sector.
Products and Services[edit | edit source]
Bloomberg L.P. offers numerous financial products and services, including:
- Bloomberg Terminal: This is a computer software system that enables professionals in the finance industry to access the Bloomberg Professional service, through which users can monitor and analyze real-time financial market data and place trades.
- Bloomberg News: This is an international news agency headquartered in New York and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, and Bloomberg Businessweek.
- Bloomberg Television: This is a 24-hour global network broadcasting business and financial news.
- Bloomberg Radio: This is a radio service that broadcasts business and financial news reports and updates every day.
Criticism and Controversy[edit | edit source]
Bloomberg L.P. has faced criticism and controversy over the years. In 2013, it was reported that Bloomberg News reporters had been using the company's terminals to spy on Wall Street to gain an upper hand in reporting. The company has also faced lawsuits from employees alleging sexual harassment and discrimination.
See Also[edit | edit source]
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