Bloomberg
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| Basic information | |
|---|---|
| Founded | 1981 |
| Legal Structure | Private |
| Industry | News, Financial Technology |
| Also known as | |
| Official website | https://www.bloomberg.com/ |
Bloomberg is a software company with a news website that has recently changed its terms of service. The terms of service pops up in front of everything, forcing users to agree to it without being able to access any of the site unless they agree. This new terms of service includes forced arbitration.[1]
Consumer impact summary
[edit | edit source]User freedom: Bloomberg's Terms of Service include forced arbitration, requiring users waive their right to a jury trial. Additionally a notice will pop-up over everything else, letting users continue only after they've accepted the new Terms of Service.
Incidents
[edit | edit source]This is a list of all consumer protection incidents this company is involved in. Any incidents not mentioned here can be found in the Bloomberg category.
Bloomberg DMCA strikes GamersNexus video (2025.08.20)
[edit | edit source]- Main article: Bloomberg DMCA strikes GamersNexus video
On August 20, 2025, Bloomberg filed a DMCA takedown on GamersNexus' three and a half hour GPU smuggling documentary as they used a small credited snippet of current US President Donald Trump's speech.[2] The video has since been reuploaded to the Internet Archive.[3]
Forced arbitration in Terms of Service with no opt-out
[edit | edit source]Bloomberg's Terms of Service include forced arbitration for dispute resolution, requiring users to waive their right to a jury trial against Bloomberg.[1] The introductory paragraph of the terms reads:
PLEASE READ ALL OF THE FOLLOWING TERMS AND CONDITIONS OF SERVICE FOR THIS WEB SITE (“TOS”) BEFORE USING THIS SITE. By continuing to access, link to, or use this site, or any service on this site, you signify YOUR ACCEPTANCE OF THE TOS, INCLUDING WITHOUT LIMITATION, THE ARBITRATION AGREEMENT AND CLASS ACTION WAIVER DESCRIBED IN PARAGRAPH 14 BELOW.[1]
Additionally, when visiting Bloomberg's website, a notice pops up about Bloomberg's Terms of Service, only letting the user agree to the new terms. The notice reads:
We've updated our terms By accepting, you agree to our updated Terms of Service, including the arbitration provision and class action waiver. You understand that we process your information as described in the Privacy Policy, which may include sharing information about your use of Bloomberg.com with third parties. Accepting does not affect your right to opt-out at any time via the Do Not Sell or Share My Personal Information link in the website footer.
References
[edit | edit source]- ↑ 1.0 1.1 1.2 "Terms of Service - Bloomberg Notices and Policies". Bloomberg. Archived from the original on 2026-08-02. Retrieved 2026-08-02.
- ↑ u/Jaded-Explanation-96 (2025-08-21). "So, the big story got taken down". Reddit. Archived from the original on 21 Aug 2025. Retrieved 2025-08-23.
- ↑ nixass (2025-08-22). "Bloomberg DMCA strikes gamersnexus smuggling documentary". YCombinator. Archived from the original on 6 Oct 2025. Retrieved 2025-08-23.