Common questions about Bloomberg News

Short answers, pulled from the story.

When was Bloomberg News established and who founded it?

Bloomberg News was established in 1990 following a conversation between Michael Bloomberg and Matthew Winkler in November 1989. The venture began with six people and a goal to expand services offered through Bloomberg Terminals.

What happened when Bloomberg News published the Revolution to Riches story about Xi Jinping in June 2012?

Bloomberg News published the investigative series Revolution to Riches in June 2012, which led to the Chinese government blocking the company website and ordering state enterprises to stop subscribing. The company subsequently shut down ongoing investigations into financial ties between Chinese businessmen and leaders, and at least five journalists and editors left the firm.

How did Bloomberg News handle the conflict of interest when Michael Bloomberg announced his presidential campaign in November 2019?

Editor-in-chief John Micklethwait ordered staff not to investigate Michael Bloomberg or other Democratic candidates while continuing to investigate Donald Trump. The company suspended Bloomberg's campaign on the 4th of March 2020, which raised questions about the integrity and independence of Bloomberg News.

What fine did Bloomberg News receive for publishing a hoax about Vinci SA in 2019?

France's stock markets regulator fined Bloomberg News €5 million in 2019 for publishing a false news release claiming accounting irregularities at Vinci SA. An appeals court reduced the fine to €3 million in 2021 after the company had to revise its earnings reports.

Where did Bloomberg News open its first international offices and when was it renamed?

Bloomberg News opened offices in Hong Kong and Frankfurt, Germany, and launched a small television station in New York during its growth period. The publication was renamed Bloomberg News in 1997 to mark a new chapter in its history.