5 ms·
I wish we, as a society, could decide whether M is thousand or million and then only use it to represent that one concept. From the headline I initially assumed
by elliekelly 4y ago
I wish we, as a society, could decide whether M is thousand or million and then only use it to represent that one concept. From the headline I initially assumed his bail was only $250,000 and I don’t think I’m the only one in this thread to have made that mistake.
- berkle4455 4y agoIf it's US-centric, especially if talking about amounts of money, it's million. Always.
- listenallyall 4y agoThis is totally wrong.
- happyopossum 4y agoNope.
- tofuahdude 4y agoNo, it isn't. The entire ad-tech industry is built on CPM (latin mille for thousand).
- berkle4455 4y agoM isn’t a suffix here. It’s part of the acronym.
- moab 4y agoI'm pretty sure you are. I've never seen M being used for thousand.
- basch 4y agomovie production cards. roman numerals. i would not expect that to be the case in this context. you would also probably never mix roman numerals and arabic numerals like that.
- deleted 4y ago[deleted]
- fshbbdssbbgdd 4y agoApparently M can mean thousand in finance: https://www.insurancejournal.com/blogs/old-republic-surety/2021/04/19/610096.htm https://www.insurancejournal.com/blogs/old-republic-surety/2...
- listenallyall 4y agoOld-school banking, M is thousand, MM is million.
- knorker 4y agoSometimes MM is thousands monthly. It a strange world.
- listenallyall 4y agoExample?
- knorker 4y agoI've seen it in person a lot in internal corporate presentations. Maybe they've all been wrong, but that's how language works.
- soared 4y agoM is also used for thousand in adtech - cpm is a cost per millie or cost per thousand.
- deleted 4y ago[deleted]
- jasonwatkinspdx 4y agoIt has its roots in Latin. Mil means one thousand, so mil mil, aka million, is one thousand thousands. You'll see it in places that do more romance language family business, or in accounting where it's an old convention even in English.
- dahfizz 4y agoWhen does M mean thousand? I've never seen that. K means thousand.
- dragonwriter 4y ago> When does M mean thousand? Its less common now, but historically the latin-derived “M” for 1000s and “MM” for millions was dominant in finance and accounting; metric-style “k” for 1000s and “M” for millions has become more popular, but you’ll occasionally still encounter the other style. https://corporatefinanceinstitute.com/resources/fixed-income/mm-millions/ https://corporatefinanceinstitute.com/resources/fixed-income...
- satvikpendem 4y agoM means milli in Latin, as in thousand (kilo comes from Greek). Millennium, millipede (thousand legs), and so on. Million just means a thousand thousands. That is why in most financial institutions, M means thousand, and MM means millions, literally thousand thousands.
- lotsofpulp 4y agoDo they use MMM for billions and MMMM for trillions? k, M, B, T, Q seem like easier to read suffixes as opposed to having to count the number of “M”s.
- listenallyall 4y agoYes, for billions at least. Never personally saw a bank transaction for a trillion dollars. You are correct the others are easier, clearer, etc. But banking goes back centuries, millennia even. When an entire industry uses a certain nomenclature, no individual participant wants to go through the hassle of trying to change everything.
- KoftaBob 4y agoI’ve always found this idiotic. This isn’t Renaissance Florence, using M to mean thousand is just financier gatekeeping snobbery.
- deleted 4y ago[deleted]
- pessimizer 4y agoRight after we all learn Esperanto.
- wmf 4y agoAnd remember to use gibibytes. On IPv6.
- KoftaBob 4y agoM representing thousand? The only people who would think that are old school snobby finance guys or bankers from Renaissance Florence.
- parenthesis 4y agoThe Financial Times recently started using 'mn' for million, as in '$250mn'.