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"profitable on an EBITDA basis" is about as mainstream a finance metric there is outside of the basic GAAP metrics (and many regard EBITDA to be more reliable t
by the_watcher 8y ago
"profitable on an EBITDA basis" is about as mainstream a finance metric there is outside of the basic GAAP metrics (and many regard EBITDA to be more reliable than GAAP).
- Traster 8y agoI think We Work did a great job of destroying mainstream understanding of EBITDA with their 'community adjusted EBITDA' which took a well defined term and made it part of completely meaningless term.
- the_watcher 8y agoYes, "Community-adjusted EBITDA" is a nonsense metric. That said, it is not EBITDA, and given that WeWork is still private, I don't see any reason to believe the average person has had their conception of EBITDA irreparably damaged by it (or even impacted at all).