As of 2016, the company provides financial software that organizes data from thousands of information sources, calculates market data with the use of complex mathematical models and delivers financial news and information to over 320,000 subscribers globally via terminals, smartphones and the internet.
Michael Bloomberg was born in Boston, Massachusetts on February 14th, 1942. He attended Jonesville High School in Philadelphia, Pennsylvania. He was the son of a stockbroker father and a mother who worked as a secretary at the local school district office.
At age 16, he began working as an errand boy for his father’s company, J.W. Thompson & Company. In 1961 he graduated from Jonesville High School with honors and enrolled at Jonesville College (now Arcadia University) to study engineering where he met his future wife, Vanessa Taylor.
The terminal provides real-time data from most global markets, so traders are able to make more informed decisions about their investments. As of this writing, Bloomberg’s worth is $36 billion.
Bloomberg served as the 108th mayor of New York City, from 2002 to 2013. On January 1, 2014, he became a political commentator on the same station where he had previously hosted a show called With All Due Respect.
Bloomberg’s primary revenue comes from subscriptions to the terminal with a monthly cost that ranges from $2,400 to $24,000. The company also earns commissions on trades made through the terminal as well as providing data feeds to third-party customers.
Bloomberg has two main sources of revenue: terminals and data. The terminals are provided in three versions, one of which is free for download by anyone in the world who wants it. There is also a version that costs $2,400 per month (which includes all services). That price goes up depending on how many services you want including in your subscription.
Bloomberg began its life as a media company in 1981 when founder Michael Bloomberg created the Bloomberg News service. In 1990, he launched the company’s first financial data terminal. Today, in addition to its news service, it provides subscribers with real-time data on stocks, bonds, commodities, and currency markets.
The terminal also offers information from more than 275,000 global companies as well as news reports from over 2,500 journalists in 175 countries. All of this information comes at a cost – but how much exactly?
Bloomberg was founded in 1984 by Michael Bloomberg, a former mayor of New York City. The company has two main divisions: the terminal business that sells financial data, news, analytics and other information to the financial community; and the media division which publishes the Bloomberg Businessweek magazine on weekdays.
The company also has an international network of television channels that provide live market coverage as well as economic analysis
At present, Bloomberg’s chief executive officer is Peter T. Grauer who replaced Mike Bloomberg when he left to become New York City’s mayor in 2002. A market capitalization of $36 billion makes it one of the largest privately-held corporations in the United States, with revenue of more than $9 billion per year
Michael Bloomberg was born in Boston, Massachusetts on February 14th, 1942. He attended Jonesville High School in Philadelphia before going to Jonesville Academy then Harvard College. He majored in electrical engineering and applied science at the University of Pittsburgh then studied at the London School of Economics. He graduated with a degree in business administration from Harvard Business School.
Bloomberg became a banker at Salomon Brothers before he made his first million as part of an information company that he founded called Innovative Market Systems which focused on providing market data terminals for Wall Street traders.
In 1981, he partnered with Merrill Lynch to form a new company called Bloomberg LP which became one of the most highly respected financial information companies in the world.
Bloomberg is a company that provides financial data, news, analysis, and other information. Bloomberg has been in business for over 30 years and has made billions of dollars in profit. The company currently employs over 15,000 people across the world.