Cory Doctorow's linkblog · @pluralistic
46368 followers · 43944 posts · Server mamot.fr

At the end of 2022, Horan showed how Uber invented a made-up, nonstandard metric, called "," which allowed them to lose *billions* and still declare themselves to be profitable, a lie that would have been obvious if they'd reported their earnings using ():

pluralistic.net/2022/02/11/bez

Like clockwork, Uber just announced - again - that it is profitable, and once again, the press has credulously repeated the claim.

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#ebitdaprofitability #generallyacceptedaccountingprinciples #gaap

Last updated 1 year ago