Company preso shuochen
Transcript of Company preso shuochen
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/