5 ms·
True enough. But the factors you mention are round off errors and "not material" as a steely eyed accountant would say. At the time of the buyout the "conversi
by sunstone 8y ago
True enough. But the factors you mention are round off errors and "not material" as a steely eyed accountant would say. At the time of the buyout the "conversion ratio" of those that paid the $1 after a year would have been well established.
- ggg9990 8y agoIt's more than that -- in many of their biggest markets (e.g. India) they waived the $1 fee entirely so all of their users there were free. So you can't really figure out the conversion ratio because it was never tried.