Bloomberg L.P.

Bloomberg L.P.
TypePrivate, limited partnership
IndustryTechnology, Financial technology, mass media
FoundedOctober 1, 1981 (1981-10-01)[1][2]
FoundersMichael Bloomberg
Thomas Secunda
Duncan MacMillan
Charles Zegar[3]
HeadquartersBloomberg Tower
731 Lexington Avenue,
Number of locations
176 offices (2021)
Key people
RevenueIncrease US$10 billion (2019)[4]
OwnerMichael Bloomberg (88%)[5]
Bank of America (through Merrill Lynch) (12%)
Number of employees

Bloomberg L.P. is a 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,[7] and a 12% ownership investment by Bank of America through their brokerage subsidiary Merrill Lynch.[8]

Bloomberg L.P. provides financial software tools and enterprise applications such as analytics and equity trading platform, data services, and news to financial companies and organizations through the Bloomberg Terminal (via its Bloomberg Professional Service), its core revenue-generating product.[9] Bloomberg L.P. also includes a news agency (Bloomberg News), a global television network (Bloomberg Television), websites, radio stations (Bloomberg Radio), subscription-only newsletters, and two magazines: Bloomberg Businessweek and Bloomberg Markets.[10]

The company has 176 locations and nearly 20,000 employees.[4][11]

In May 2022, Bloomberg announced it would launch a new venture in the UK, Bloomberg UK, as part of a wider international strategy. Bloomberg UK plans to hire in the region and has launched a standalone website, a weekly video series, a podcast and new event series.[12]

  1. ^ "Washington Friday Journal". C-SPAN. April 26, 1996. Retrieved January 20, 2010. Started the company the day after I left Salomon Brothers, October 1, 1981, so we're coming on our fifteenth year – anniversary.
  2. ^ Cite error: The named reference Fast Company was invoked but never defined (see the help page).
  3. ^ "The Bloomberg Bunch". CNNMoney. Retrieved December 13, 2011.
  4. ^ a b Campbell, Dakin; Kelley, Trista. "A leaked memo shows Bloomberg reached $10 billion in annual revenue last year, and some insiders will receive a special bonus". Business Insider. Retrieved May 29, 2019.
  5. ^ "#10 Michael Bloomberg". Forbes. 2018. Retrieved October 17, 2018.
  6. ^ "About Bloomberg". Bloomberg. Retrieved May 29, 2019.
  7. ^ "Facebook's Zuckerberg Joins Gates, Buffett in Pledge". Bloomberg. December 9, 2010. Retrieved January 3, 2012.
  8. ^ "Bloomberg LP History". FundingUniverse. Retrieved July 17, 2010.
  9. ^ "What is a Bloomberg Terminal or Bloomberg Machine?". Retrieved July 17, 2010.
  10. ^ "The Bloomberg Juggernaut". American Journalism Review. March 1, 2011. Archived from the original on October 12, 2012. Retrieved October 26, 2011.
  11. ^ "Global Roles | Careers". Bloomberg L.P. January 27, 2021. Retrieved December 22, 2021.{{cite web}}: CS1 maint: url-status (link)
  12. ^ Silvera, Ian. "Why people really pay for news". Retrieved May 13, 2022.

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