3 ms·
Then why mention EBIDTA? It exists to basically say "we are bullshit artists and we are using creative accounting to LOOK profitable".
by papito 4y ago
Then why mention EBIDTA? It exists to basically say "we are bullshit artists and we are using creative accounting to LOOK profitable".
- hef19898 4y agoIf you apply "creative" accounting to your EBITDA, you in the same group of companies like Enron.
- coffeebeqn 4y agoNever forget that WeWork used “community adjusted” ebitda. So it can still get worse
- hef19898 4y agoThat, and "Cash flow including funding" are my two favorite bullshit financial metrics!