No, they don't have those EBITDA margins. They report an "adjusted" (ie, fake) EBITDA number in the 20's. It's bs and investors know it's bs. It doesn't includ

No, they don't have those EBITDA margins. They report an "adjusted" (ie, fake) EBITDA number in the 20's. It's bs and investors know it's bs. It doesn't include stock based comp.