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> revenue to nosedive by $17 million to $22 million in the quarter. It's interesting how often news articles get millions and billions mixed up. I feel like I
by baron816 7y ago
> revenue to nosedive by $17 million to $22 million in the quarter.
It's interesting how often news articles get millions and billions mixed up. I feel like I see it all of the time. Apologies for the digression.
- avree 7y agoThere's no billion/million mixup here. Quarterly revenue will be down by 17-22 million.
- baron816 7y agoOh, indeed. Well, the phrasing still easily leads to confusion as it could be interpreted as falling to $22 million (which is way too little), rather than falling by a range of $17-22 million. Would've been better as "revenue to nosedive by between $17 million and $22 million in the quarter"
- yuliyp 7y agoThat number can't be right, though. They have a billion in revenue per month. You wouldn't describe a 1% decline as plummeting.