Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
This is not debate club. Unless it’s amusing debate.
For actually-good tech, you want our NotAwfulTech community
Adjusted operating income margin was -122% in the first quarter … That means that for every dollar of revenue the company generated, it lost $1.22
This is so confusing. So is it -122% or is it -22%? Cause -122% should mean that for each dollar gained they lose 2.22 because that's how percentages work, no?
The lower of those numbers is obviously fake. The other is "okay, I guess they're doing better than I expected, but at least it's plausible"
the “margin” is load bearing; formula here is operating income divided by revenue
I'm not sure I understand how you calculated this.
2.22 Would be -222%
50% of 1 can be calculated like 1 x 50 / 100 or simply 1 x 0.5
Same for 122% 1 x 1.22 = 1.22
If you spend $1.22 for every $1.00 gained, then your operating income is $-0.22. So your income is -22% of your revenue.
Calculating like you do would mean that a -100% operating income margin means you break even, and that's kinda silly. What would a positive margin mean?
I am not a CPA but I think that means "they spend $2.22 to make another $1.00"
I have no idea and I wonder if The Information does either.
If the global economy collapses over the Gulf War, watching Sam Altman do a Wile E. Coyote in mid-air will keep me amused on the bread line.
Seen elsewhere: "Is Stripe the Most Anticipated IPO Since Coinbase?"
Will this pop the bubble?
If this doesn't, China flooding the market will memory chips will.
Honestly go China im sick of this shit
China please 🥺🙏