Bloomberg Terms Scorecard

Grade F — Predatory terms (score 44/100)

Bloomberg's terms force arbitration and a class-action waiver, grant a perpetual irrevocable license to user submissions, cap liability at amount paid, and require users to indemnify the company.

Forced arbitration, perpetual license, one-sided terms across the board.

Terms at a glance

Sells your data
NO
Forced arbitration
YES
Trains AI on your content
NO
Collects biometric data
NO
Shares data with government
UNCLEAR
Easy to cancel
NO
Tells you before changes
NO
Deletes data on request
UNCLEAR

What the terms actually say

Section 14 — Mandatory Arbitration and Class Action Waiver

ANY ARBITRATION SHALL BE CONDUCTED IN AN INDIVIDUAL CAPACITY ONLY AND NOT AS A CLASS OR COLLECTIVE ACTION AND THE ARBITRATOR MAY AWARD RELIEF ONLY IN FAVOR OF THE INDIVIDUAL PARTY SEEKING RELIEF

You waive the right to sue in court or join a class action. All disputes go to individual arbitration, and only a 30-day email opt-out exists (which the rubric treats as still a violation).

Section 4(ii) — License to Submissions

you grant to Bloomberg a perpetual, nonexclusive, irrevocable, fully paid, royalty-free, sublicensable and transferable (in whole or in part) worldwide right and license in any and all media, now known or later developed

Bloomberg keeps a permanent, irrevocable license to anything you submit — usable for any purpose including advertising — and it survives your account closure.

Section 7(iv) — Limitation of Liability

IN NO EVENT SHALL BLOOMBERG'S TOTAL LIABILITY TO YOU FOR ALL DAMAGES, LOSSES AND CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT, INCLUDING BUT NOT LIMITED TO, NEGLIGENCE) EXCEED THE AMOUNT PAID BY YOU, IF ANY, FOR ACCESSING THIS SITE.

Bloomberg's total liability is capped at whatever you paid to use the site. For free users that is $0, and even paying users get no consequential or punitive damages.

Section 6 — Registration and Account Creation

BLP reserves the right to terminate your account, in its sole discretion, at any time without notice.

Bloomberg can close your account whenever it wants, for any reason, without telling you first.

Section B.2 — Cancellation & Refund Policy

In order to change or cancel your subscription, please sign in to your account & select "Contact Support to Cancel"

You cannot cancel your subscription with a one-click toggle. You must open a support contact flow, which is a multi-step process rather than instant self-service.

Section 10 — Indemnification

You agree, at your own expense, to indemnify, defend and hold harmless Bloomberg, its Suppliers, agents, directors, officers, employees, representatives, successors, and assigns

If a third party sues Bloomberg over your use of the service, you must pay for Bloomberg's lawyers and any damages — and this obligation is not mutual.

Preamble — Unilateral Modifications

BLP reserves the right to amend, remove, or add to the TOS at any time. Such modifications shall be effective immediately.

Bloomberg can rewrite the rules at any time and the new rules apply instantly. The only notice is a passive homepage link labeled 'Updated Terms of Use' for an unspecified period.

Section 13 — Governing Law

you agree to submit to the personal jurisdiction of the state and federal courts located in New York County in the State of New York

Any court dispute (for matters not forced into arbitration) must be filed in New York County, regardless of where you live.

Last reviewed 2026-07-26 under rubric v3.5.

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