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Ghana GDP is 77.59 billion USD. That's almost 2 Twitters :) . Ghana is not triggering any chain reactions.
by Isinlor 4y ago
Ghana GDP is 77.59 billion USD. That's almost 2 Twitters :) .
Ghana is not triggering any chain reactions.
- speedylight 4y agoLucky for them, otherwise the US would’ve sent some freedom and democracy their way.
- hardlianotion 4y agoSeems unlikely.
- nequo 4y agoGhana's GDP is flow while Twitter's valuation is stock.[1] Given that Twitter's EBITDA was $211mn, it is more accurate to say that Ghana's GDP is 368 Twitters. (Which also sounds crazy nevertheless.) [1] https://en.wikipedia.org/wiki/Stock_and_flow https://en.wikipedia.org/wiki/Stock_and_flow
- KptMarchewa 4y agoI agree that GDP-stock comparison is not good, but why compare to EBITDA rather than revenue or expenses?
- nequo 4y agoI'm not going to say that I have strong views on this right now. But the reason I used EBITDA is that GDP is the total value added of the economy. EBITDA is the total value added of the company.
- Majromax 4y ago> EBITDA is the total value added of the company. I don't think that's quite the right interpretation. EBIDTA is the value added of the company net its employees (and I'd quibble over depreciation and taxes), whereas GDP includes the labour share. Imagine we had a single-company country, where every worker was also a customer, all costs were internalized, and capital did not depreciate. The GDP of the country would be equal to the profit of the company plus the wages of the employees. Using the EBITDA equivalence, however, the GDP of the one-company country would be more (possibly far more) than "the one company's earnings."
- nequo 4y agoYes, that’s a good point. In principle, Twitter’s market value is the net present value of its future profits, which excludes input costs. So the closest concept to parent’s comparison (GDP vs. market value) is GDP vs. profits. > The GDP of the country would be equal to the profit of the company plus the wages of the employees. Also plus any other input costs, like rent, electricity, loans, etc., right? So GDP vs. revenue would be the comparison that would include both profits and input costs.