Bloomberg L.P. is a privately owned financial software, data, and media company founded in 1981 that generates $8.3 billion annually from its proprietary Bloomberg Terminal, which has over 30% of the global financial data market share. The company was founded by Michael Bloomberg and introduced internet access to the Bloomberg Terminal in 1995. New developments include expanding into new energy finance research. The company's success is attributed to being privately owned, operating as a financial social network through the Terminal, and having engineers work directly with customers.