As billionaire and Honeymoon 2 (2022) Hindi Short Filmformer New York City Mayor Michael Bloomberg attempts to buy (and meme) his way into the hearts of voters in the democratic primaries, there's renewed scrutiny on who this dude is, what he's done, and where he came from.
A good starting point is: How did Bloomberg earn the billions that make him the ninth richest man in the world?
A large part of the answer to that is The Bloomberg Terminal, a clunky but allegedly highly effective tech product. It's an information portal, a social network, and a trading tool that's deeply entrenched in the financial industry, used by finance bros and salespeople the world over.
And as a legacy moneymaker with deep ties to Wall Street and problematic social undercurrents, it also happens to be the perfect metaphor for Bloomberg as a political candidate.
Vox laid out the origin story of Bloomberg's cash in a thorough explainer. In 1981, Mikey got a $10 million severance package from the investment bank where he worked. He used that cash to found his company, Bloomberg LP, and sold a number of terminals to Merrill Lynch the following year.
In the '80s and '90s, Bloomberg Terminal was a specialized machine that allowed bankers, traders, analysts, and other finance professionals to connect to a portal of information about the financial industry. That included industry reports, trading records, news, company information, and whatever else traders need to do their thing. That amount of information at a user's fingertips was revolutionary itself, since the internet would not be mainstream for another couple of decades.
Bloomberg Terminal gained subscribers throughout the '80s, '90s, and aughts, and became the market leader in 2011. Today, Bloomberg LP is a $10 billion company and, according to Vox, about 75 percent of that valuation comes from the Terminal.
The Terminal still does everything and more than it used to, and is reportedly the main digital arena of the trading world. It's now lost most of its hardware, and is instead a piece of subscription software called Bloomberg Professional that runs on PCs —though, it does still look decidedly retro with neon block text and a specialized keyboard that helps users navigate the program with commands and shortcuts. For example, entering EQUITY plus a company name will surface search results for a company's stock price or entering DINE will give users...restaurant recommendations.
In addition to helping financial sector workers, well, work, it also has a social networking component. There are profile pages of people within the industry, which Vox reports are a go-to for looking up "hot salespeople." There are also chatrooms, some anonymous, which can be "cesspools" of bro-dom and misogyny.
It's all extremely fitting as the engine that powers Mike Bloomberg's fortune and campaign. Like the Terminal, Bloomberg himself has been ballooning in power and influence since the '80s. That's thanks to a deep relationship with the financial sector that both Bloomberg the machine and the man retain (Bloomberg recently announced a new plan to regulate Wall Street, which has been viewed as a bid to distance himself from the banking industry).
Bloomberg's past as a mayor and boss are also reminiscent of the cultural aspects of the Terminal. Many remember Bloomberg the mayor as the man behind New York's controversial stop and frisk policy which racially profiled people of color. An exhaustive report from the Washington Postdescribes the intolerant and inappropriate workplace Bloomberg allegedly fostered as a sexist boss; that reality is mirrored in the chatrooms and alleged objectification of user profiles.
The insider-y nature of the Bloomberg Terminal makes it a literal gatekeeper for the finance industry, giving anyone in the establishment with the ability to pay a pricey subscription a leg up over those on the outside; an apt metaphor for white privilege.
Today, the technology industry is already lobbying the government extensively for influence. Bloomberg may not be widely known as a tech guy. But in reality, he's a member of the club, too.
Topics Elections Politics
Could humans have babies in space safely? Here's what we know.9 Twitch streamers to guide you through the new Elden Ring DLC Black Myth: Wukong wins Best Action Game at TGA 2024, misses out on Game of the Year · TechNodeWeChat bans 209 accounts allegedly using AI to impersonate public figures · TechNodeMassive authentication vulnerability risks compromising much of the internetNASA spacecraft has highThe 10 most bodacious '80s movies — and where to watch themNASA’s most unusual astronaut, Frank Borman, has diedThe 10 most bodacious '80s movies — and where to watch themNXP to establish a ChinaWordle today: The answer and hints for June 29NASA puzzles over why some exoplanets are shrinkingChinese auto startup Hesai to supply 1.5 million lidar units to Ford partner · TechNodeMate 70 series features 100% domestically produced chips: Huawei exec · TechNodeAliens haven't contacted us. Scientists found a compelling reason why.Rabbit R1 has a major security flaw in its codeEtsy to ban sale of most sex toys, explicit content, and moreT20 World Cup 2024 livestream: How to watch Men's T20 World Cup for freeNASA rover makes adventurous trip, then snaps stunning Mars pictureNASA spacecraft gets extremely close to volcanic world, snaps footage Rose McGowan and Meryl Streep's dispute makes us forget the real villain Mom masterfully trolls her daughter, who's just trying to make a nice video This dad's stunned reaction to the suggestion of a fake Christmas tree has gone super viral Little girl draws message in the snow urging Santa to take her brother away Netflix opens super '90s video stores for 'Fear Street' trilogy You're using your air fryer all wrong Meet the gender Prince George and Princess Charlotte rock colour co NFT of the World Wide Web's source code sells for $5.4 million Loki and Bart Simpson will join forces in a new Disney+ short Europe’s new internet regulations should make most Americans jealous U.S. to add 'X' gender markers to passports without requiring medical documentation Of course Trump's Christmas card is obnoxiously large How to turn off location services on an iPhone Surprise: iPhone 13 will (probably) be called iPhone 13 Watch monster fire storms blow up into the atmosphere after record heat Nothing reveals price for its noise On Mars, dust gets everywhere and can ruin everything Drones that hunt screaming humans just want to help Apple might launch 14
2.6053s , 10133.7890625 kb
Copyright © 2025 Powered by 【Honeymoon 2 (2022) Hindi Short Film】,Miracle Information Network