Bloomberg L.P. is an American privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar,[9] and a 12% ownership investment by Bank of America through its brokerage subsidiary Merrill Lynch.
[19] Bloomberg.com was first established on September 29, 1993, as a financial portal with information on markets, currency conversion, news and events, and Bloomberg Terminal subscriptions.
[31] In August 2023, Michael Bloomberg announced a series of leadership changes for the company, with Chief Product Officer Vladimir Kliatchko assuming the role of CEO and Chief Operating Officer Jean-Paul Zammitt assuming the role of President.
On July 9, 2014, Bloomberg L.P. acquired RTS Realtime Systems, a global provider of low-latency connectivity and trading support services.
[33] On August 13, 2019, Bloomberg acquired RegTek.Solutions in a move to expand its suite of regulatory reporting and data management services.
The company acquired the magazine—which was suffering from declining advertising revenue and limited circulation numbers—to attract general business to its media audience composed primarily of terminal subscribers.
Liebreich continued to lead the company, serving as the chief executive officer[40] until 2014, when he stepped down as CEO but remained involved as chairman of the advisory board.
BloombergNEF has expanded its research areas to cover renewable energy, advanced transport, digital industry, innovative materials, sustainability and commodities.
[42][43] BNEF provides research, long-term forecasts, analytical tools and global in-depth analysis covering a wide range of energy and related industries.
The company produces more than 350 news publications in topic areas that include corporate law and business, employee benefits, employment and labor law, environment, health and safety, health care, human resources, intellectual property, litigation, and tax and accounting.
[50] On December 10, 2019, Bloomberg Media announced that it has reached an agreement to acquire CityLab, The Atlantic's news site covering transportation, environment, equity, life, and design.
[64][65] Launched in 2011, Bloomberg Government is an online service that provides news and information about politics, along with legislative and regulatory coverage.
[70] The site provides editorial content from columnists, authors and editors about news issues and is available for free on the company's website.
[72] Bloomberg Tradebook is an electronic agency brokerage for equity, futures, options and foreign exchange trades.
Originally launched on Twitter, it was expanded to other platforms including Facebook, Instagram, YouTube and is also available on Amazon's Alexa.
The platform is managed by a team of 70 people, consisting of editors, producers and social media specialists located across three bureaus in New York, London and Hong Kong.
[82] In December 2019, TicToc was renamed "QuickTake by Bloomberg" in order to avoid confusion with the social media platform TikTok.
[citation needed] Forum advisory board members include former U.S. Secretary of State Henry A. Kissinger, former U.S. Secretary of the Treasury Hank Paulson, Vice Premier of China Zeng Peiyan, Bill Gates, Mukesh Ambani, Janet Yellen, Ursula Burns, Gary Cohn, Orit Gadiesh, Walter Isaacson, Yoriko Kawaguchi, Martin Lau, Jorge Paulo Lemann, Jean Liu, Strive Masiyiwa, and others.
[87] Founding partners of the forum included 3M, ADNOC, Dangote, ExxonMobil, FedEx, HSBC, Hyundai, Mastercard, Microsoft, and Softbank.
[88] In 2021, the company initiated the Bloomberg New Economy Catalysts program[89] to spotlight the work of changemakers and its impact on the world.
[90] Individuals selected as New Economy Catalysts included: Noubar Afeyan, Sarah Al Amiri, Yvonne Aki-Sawyerr, Ankiti Bose, Justin Gong, Sarah Hanson-Young, Rachel Haurwitz, Cristina Junqueira, Kieran Long, Ma Jun, K. Megan MacArthur, Sara Menker, Daniel Metzler, Nick Molnar, Nthabiseng Mosia, Matias Muchnick, Aurelia Nguyen, Sara Spangelo, Anthony Tan, and Danielle Wood[91] The 2022 cohort included: Anna Luisa Beserra, Odunayo Eweniyi, Angel Hsu, Emiliano Kargieman, Carrie Chan, Gregory Rockson, Gloria Walton, and Amira Yahayaoui.
[92] Bloomberg Línea is a partnership launched in 2021 to serve Spanish, Portuguese and English speaking Latino audiences.
The office space also includes rows of flat-panel monitors overhead that display news, market data, the weather and Bloomberg customer service statistics.
[102][103][104] The bribery was in the form of cash, work on personal property, Super Bowl tickets and payment for Campana's wedding.
He was sentenced to prison for three years and two months in January 2021[106][107][108][109] In 1996, former Bloomberg L.P. sales representative Mary Ann Olszewski sued the company, alleging that she was drugged and raped by her supervisor, Bryan Lewis, and claimed she was terminated shortly after reporting the incident in a May 25, 1995, meeting.
[110][111] The lawsuit also alleged the company internally investigated Olszewski, attempting to get coworkers to portray her as "flirtatious" or a "sex hound.
[110] Garrison also claimed that Bloomberg told female salespeople to "line up to give him [oral sex] as a wedding present," referring to a male employee who was getting married.
Bloomberg faces a related complaint by a former saleswoman, who filed under a pseudonym in June and the corporation is now seeking to compel a public release of her name.
[124] An investigation by the Intercept, the Nation, and DeSmog found that Bloomberg L.P. is one of the leading media outlets that publishes advertising for the fossil fuel industry.