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Shuo Chen
Nov. 21, 2016
Bloomberg
Products• Financial news, data, analysis, and video
Products
History of Company• Founded by Michael Bloomberg in 1981
• Renamed Bloomberg L.P in 1986
• Launched news services division in 1990
• Purchased New Energy Finance in 2009
• Sold Bloomberg Sports to STATS LLC in 2014
Now…• 19,000 employees
• 192 locations
• 73 countries
• 2,400+ news & multimedia professionals
• 4,000 technologists
Now…
Remain Private
Business ModelBloomberg Professional Services
(Bloomberg Terminal) 85% of Revenue
Bloomberg Enterprise 5% of Revenue
Bloomberg Industries 5% of Revenue
Bloomberg News & Media 5% of Revenue
Bloomberg Professional Services
• $24,000 a year
• 11 languages
• market moving news
• independent research
• parallel data
Financial Information
• Profitable! 325,000 subscriptions globally
• A private company
• $9 billion revenue in 2014
• estimated $9.3 billion revenue in 2015
Secret Sauce
• High Quality Data
• Network Building
• High Price
CompetitionFinancial Information Platforms
Pros• huge amount of users • professional • higher data quality
Cons • expensive • complex
Prediction
• $uccess!
• Remain a Private Company?
References• https://en.wikipedia.org/wiki/Bloomberg_L.P.
• https://www.linkedin.com/company-beta/2494
• https://www.bloomberg.com/professional/products-solutions/
• http://www.valuewalk.com/2013/12/bloomberg-beats-reuters/