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Review on Bloomberg by Aman Arora

Bloomberg Provides insights of Financial Markets around the world

Bloomberg is a financial website portal based in New York U.S.A which was founded in 1981. From Financial updates Bloomberg is also a Media company known for providing updates on Forex, Stocks, Derivatives and other Financial Instruments. Bloomberg main revenue stream is subscription services and on top place for all the latest news and updates related to financial markets as well as from other sectors.

Bloomberg is private company but it is owned by Michael bloomberg who is ranked at no. 17 in the forbes list of world billionaires.

Bloomberg is free use web portal but most of bloomberg revenue is derived from annual subscriptions which charged $20k Annually. Most of the institutions use bloomberg subscriptions as they are provided with a software which provides them all the latest updates on Financial Markets before it is released on any other portal or source. In addition bloomberg also provide latest charting tools,analytics and recommendation for buy and selling. Due to high cost of Bloomberg subscriptions Its services are used by financial analyst, portfolio managers and large institutions.

Bloomberg is known for to procide its service to over 300k users private or organizations and as Bloomberg is a private company it does not need to reveal its financial updated to the public. Bloomberg is also a media company and its reuters, S&P Global, Dowjones are its main competitors but bloomberg is most reliable and its bloomberg anywhere can accessed from anywhere to stay updated on whats happening around in Financial as well as in other Sectors.

Pros & cons

  • Bloomberg is one of the reliable portal for insights on whats happening in Financial markets
  • Bloomberg go anywhere service helps you to stay update all the time
  • Users all over the world and east to access information
  • Facility to provide updates based on local version of bloomberg portal
  • Beside from free services subscription fees is not affordable for everyone.