The truth includes both the other comments to this reply: modern science has given us more insight into our long standing problems (and some solutions too), but also technology that can be detrimental to our mental health.
Yes it's true that both a poison and its antidote can be drunk from a cup. But people might be aversive to the cup they drank the poison from, even if it now contains the antidote. And to think the cup is the only way to administer the antidote may exclude a lot of people who might other benefit from the service
Bloomberg LP is essentially a revenue generating arm for Bloomberg Philanthropies with >80% of revenue getting donated. The volunteering culture at Bloomberg LP itself is also fairly strong, compared to other medium/large tech companies, so there's a lots of opportunity to give back beyond knowing your revenue is going towards good projects. See [1] below for more info.
Aside from donating time and money, the company's service is also seen as a fundamental piece of the global economy today. Providing a common baseline of financial data and price transparency of assets creates liquidity and helps keep asset prices low. It also allows smaller players to enter the financial services industry without needing to be in the "Old Boys' Club". It also helps developing countries and other emerging markets to list their sovereign debt and manage investors.
Must be of profits, no? But agreed, Mr. Bloomberg seems to be a prolific giver (although he also did drop $1b on a vanity run for President, not sure how effective a use of funding that was, but generally his donations are very well thought out and high impact)
Hi didn't mean to ghost ya. I should have given the disclaimer that I'm work at Bloomberg LP too.
I've seen & heard that percentage figure internally, especially as it's increased over the past decade. But I can't seem to find it in 10minutes of searching public documents.
This is a huge part of what led me to adopting Dendron (and eventually contributing to and working on the project): the importance of interoperability. Seeing progress being made toward importing docs from Google docs, importing content from GitHub issues, adding other public vaults into my local workspace (like the TL;DR docs seed), etc. were great.