focus from providing financial information and analysis to its network of Terminal subscribers, to building a news organization targeted to a broader business audience. These efforts included the development of a strategy to increase the readership of Bloomberg.com, the acquisition of BusinessWeek and the creation of new subscription services Bloomberg Government and Bloomberg Law. According to The New York Times, 85 percent of Bloomberg L.P.'s revenue comes from sales of its terminals, which then helps support the subscription-based news services. The news operation employs 2,300 journalists in 146 bureaus and 72 countries. In an interview with the American Journalism Review, Doctoroff describes a relationship where increasing the news audience helps increase the influence of the terminals and move the company closer to its goal of being "the most influential news organization in the world." Under Doctoroff, Bloomberg L.P. surpassed rival Thomson Reuters in market share and started to expand operations in countries with emerging markets, like hedge funds in Korea. In the wake of the Libor scandal, Doctoroff told the European Parliament that Bloomberg LP could develop an alternative index called the Bloomberg Interbank Offered Rate that would address regulators' concerns. Doctoroff left Bloomberg L.P. in 2014, with Michael Bloomberg re-assuming the role of CEO. Sidewalk Labs In 2015, Doctoroff and Google formed a start-up called Sidewalk Labs, focused on developing technology to improve urban life. Doctoroff is the CEO, and Alphabet (Google's holding company) is funding the company. In 2017 Sidewalk Labs announced a plan to get in on the redevelopment of a parcel of land on Toronto's waterfront, equipping the parcel with the latest technology for connecting people. The plan triggered some controversy, when first announced, and much greater controversy when the Labs suggested expanding its footprint to a much larger parcel under redevelopment. Critics voiced fears that residents and passersby would not realize how much privacy they were abandoning by entering the parcel. Doctoroff announced the Labs were dropping their plans on May 7, 2020. During his time at Sidewalk Labs, the company launched several companies, including: Replica, Sidewalk Infrastructure Partners, CityBlock Health, Pebble, Mesa, and Delve. In December 2021, Doctoroff announced he was resigning as CEO as a result of developing symptoms that align with amyotrophic lateral sclerosis, from which his father and uncle died. He would later be diagnosed with the disease. Other activities In February 2013, Doctoroff announced that he was working with Mike