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I hate how the author, a purported CEO, doesn't know the difference between "lost" and "spent". For example, "That means that GitHub lost $27M while generating
by employee8000 10y ago
I hate how the author, a purported CEO, doesn't know the difference between "lost" and "spent". For example, "That means that GitHub lost $27M while generating $95M in revenue."
GitHub spent $27M. To "lose" $27M, they would have had to spent $122M, and subtract their $95M in revenue.
A CEO should know these terms like the back of their hand, and should be more precise with their terminology.
- moritzplassnig 10y agoGitHub didn't spend $27M. They spent far more, in a simplified calculation exactly how you described it: $122M in total spend - $95M in revenue = a loss of $27M. To be more accurate, according to their P&L, GitHub made $95M in recognized revenue and showed a net loss of $27M.