what is bloomberg 
bloomberg is a global provider of financial news and information including real time and historical price data financial data trading news and analyst coverage its services which span its platform television radio and print offer professional analysis tools for financial professionals one of bloomberg s key revenue earners is the bloomberg terminal an integrated platform that streams price data financials news and trading data to more than 325 000 customers worldwide 1history of bloombergbloomberg was founded by michael bloomberg in 1981 as a provider of financial analytics and information the company started with its flagship bloomberg terminal and grew to over 10 000 installed units within its first ten years of operation it then implemented bloomberg news an international financial news provider subscriptions for the news source grew to 150 000 over the next 10 years and the company then bloomberg tradebook allowing people to trade directly through bloomberg the company provides financial products and media services 21bloomberg grew to a leading financial company with over 325 000 subscriptions to its professional services almost 1 million global circulations of bloomberg businessweek and over 150 news bureaus internationally 34the bloomberg terminalthe bloomberg terminal also known as the bloomberg professional service is a software system and computer interface that gives financial professionals the ability to track and analyze breaking news across the globe the bloomberg terminal is geared toward large institutional investors and facilitates communication information and trade between institutions the average customer pays upwards of 20 000 per year for the service 51to support this massive network of financial information data encryption messaging and trading bloomberg employs over 4 000 computer engineers around the globe these engineers make improvements to the bloomberg professional service so it continues to provide the most comprehensive array of financial capabilities open to the general public bloomberg implements aspects of current tech trends such as its adoption of open source technologies like hadoop big data framework and solar search platform in may 2015 bloomberg opened up a technology hub in san francisco moving the majority of its engineers away from its new york headquarter offices 6