Bloomberg how many employees

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Change your settings anytime using our Cookies Preferences. Cookie Preferences. Launched in , Bloomberg Law is a subscription service providing access to real-time legal data for research purposes. Bloomberg Government provides a similar service for government professionals. Throughout its history, Bloomberg has also launched a venture capital wing Bloomberg Beta , an agency brokerage Bloomberg Tradebook , and many other arms as well.

Bloomberg Law and Bloomberg Government sell specialized information for, you guessed it, lawyers and those who work in politics, respectively. Bloomberg's terminal revenues for accounted for approximately Bloomberg Law opened for business in , and its model is unusual in comparison to its established competitors such as LexisNexis.

The former charges a flat monthly fee, rather than per use. Bloomberg Law subscribers can learn about breaking decisions, which judge owns how many shares of which publicly-traded company, the implications of the latest sections added to the existing ones of the Internal Revenue Code , and more.

Yes, that information might be available to anyone willing to dig for it, but Bloomberg knows digging can be labor-intensive and daunting for its customers. Probably not, but if you do, Bloomberg Government will gladly give you access to a full transcript, from opening to adjournment. Bloomberg Government will tell you almost instantly. The inefficiency and sclerosis of the legislative process might be tiresome for ordinary voters, but it offers a market opportunity for Bloomberg. Bloomberg Beta was created to stand on its own merits and turn a profit rather than be bankrolled by the existing Bloomberg businesses.

Bloomberg also operates a handful of other, smaller concerns, such as its enterprise data management division, PolarLake, which manages and interprets complex data sets for clients both large and small, saving them money and time. Bloomberg View has a roster of renowned columnists whose work is syndicated in various print publications and online. Again, all this is minor compared to the billions upon billions brought in by Bloomberg Professional Services. Throughout its history, Bloomberg has been in the position of either brash new competitor or individual player with a market unto itself.

Rarely has it been the legacy company facing off against young and nimble competitors, at least not until the advent of Symphony, the Alphabet Inc.

But Bloomberg is still the go-to service for hundreds of thousands of financial professionals who swear by its ease of use and reliability. Somehow Bloomberg came out of the scandal without sustaining any long-term damage. In , Bloomberg continued a long-term process of diversifying its revenue streams. While Bloomberg terminals still enjoy what is essentially a monopoly, that may not be the case forever. Bloomberg has enjoyed being the dominant player in what has essentially been an industry of one for most of its existence.

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. Portfolio Management.

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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.