3 ms·
What is "$30mm"? Is it 30 million dollars? Why do people use "mm"?
by rvba 4y ago
What is "$30mm"? Is it 30 million dollars?
Why do people use "mm"?
- naikrovek 4y ago30 million. don't know why, but it's probably to do with "m" already being used elsewhere, or something.
- deleted 4y ago[deleted]
- galangalalgol 4y agoM is 1000 in Roman numerals, that is the origin in accounting. It should be upper case though.
- everydayentropy 4y agoI think it's meant to be Roman numeral abbreviation for a thousand-thousand. You would think MM would be two thousand following the convention, but it's multiplicative like 10^6.
- pmichaud 4y agoIn finance they use it because "M" is the roman numeral for 1000. MM is 1000*1000.
- missedthecue 4y agom means mille, Latin for thousand. mille mille is therefore 1 million. It's used in other business contexts too. If you've ever paid for online ads, you'll know that CPM means cost per mille, the price of 1000 ad impressions.