Bloomberg is a company that provides multimedia news and financial data services, connecting decision-makers with a vast network of ideas, people, and information. The company delivers financial and business news, insights, and general information rapidly to a global audience, offering essential tools for decision-makers.
Named after billionaire businessman, philanthropist, and politician Michael Bloomberg, the company was co-founded by him along with Thomas Secunda, Charles Zegar, and Duncan MacMillan. Within its first decade, Bloomberg L.P. achieved over 10,000 installations of the Bloomberg Professional service, a pioneering platform offering data, information, and analytics. During this period, the company expanded internationally, establishing offices around the world and launching Bloomberg News.
In its second decade, Bloomberg saw significant growth in its subscription base, reaching 150,000 subscribers. The company introduced Bloomberg Tradebook, enabling individual traders to place stock trades directly through the Bloomberg Professional service, and also launched Bloomberg.com. The most recent decade has been marked by even faster growth, with Bloomberg L.P. doubling its subscriptions to over 300,000, driven by innovative technology and improved algorithms that kept financial professionals ahead of their competition.
Today, Bloomberg.com covers a wide range of topics, including markets, technology, politics, business, and more. While some content on the site requires a paid subscription, other parts remain free. The site enjoys a global reach with more than 980,000 subscribers across 150 countries.
Michael Bloomberg, the principal founder, leveraged his success with the company to enter politics, serving as Mayor of New York City for three terms from 2002 to 2014. Bloomberg, who attended Johns Hopkins and Harvard, initially rose to prominence as a partner at Salomon Brothers before founding his own company, which revolutionized the distribution of financial information worldwide and made him a billionaire. The company expanded into the global media industry, opening over 100 offices worldwide.
In the late 1990s, Bloomberg turned to philanthropy, using his vast fortune to fund initiatives in medical research, education, and the arts. He also published his autobiography, “Bloomberg by Bloomberg,” in 1997.
In 2002, Bloomberg entered politics, winning the mayoral election in New York City as a Republican and serving two terms. During the 2008 financial crisis, he successfully campaigned for a change in city statutes to allow him to run for a third term, which he won as an independent. Though often considered a liberal Republican, Bloomberg endorsed Democratic candidate Hillary Clinton in the 2016 presidential election over Republican rival Donald Trump.
