Bloomberg Flashcards
Bloomberg is public or private? Annual revenue?
Privately-held (Michael Bloomberg former NY mayor owns 88% of the stock)
Believed to generate over $10 billion in annual revenue
How many BB terminal customers?
325,000
Where does BB’s money come from?
Professional services;
Data analytics: e.g. products for portfolio management
Bloomberg news, Bloomberg television;
When was Bloomberg founded?
1981 as Market Systems
What does the BB terminal do?
Provides real-time market data and analytics
What challenges might Bloomberg face in the next 5 years?
Maintaining its market dominance and competitive advantage; although no other firms have yet been able to rival the Bloomberg terminal, and Bloomberg had diversified into some other products/services as well, it still relies heavily on the Terminal.
Bloomberg’s biggest competitor is…
Thomson Reuters—which offers Eikon, a set of software products designed to help investors analyze and trade the financial markets. (and also offers a lower-priced strip down version)
Bloomberg Tradebook
an extension of the Terminal that allows formal trade execution through its messaging service
What can Refinitiv Eikon do that BB Terminal can’t?
Eikon can use all tweets on a given subject to identify positive or negative indicators. Unstructured data from social media sources have been vital in identifying trends over the past decade.
