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It's the accepted financial notation, perhaps you're confusing it with 7M$ which would be an SI like encoding. https://corporatefinanceinstitute.com/resources/
by anotherhue 3y ago
It's the accepted financial notation, perhaps you're confusing it with 7M$ which would be an SI like encoding.
https://corporatefinanceinstitute.com/resources/fixed-income/mm-millions/ https://corporatefinanceinstitute.com/resources/fixed-income...
- themerone 3y agoThat page says MM is antiquated, falling out of favor, and M is the more modern way to represent a million.
- zamadatix 3y agoYou have to be careful about separating your interpretation of what something is saying when referring to the claims of the content directly like that. Nowhere does the page say antiquated, that's just one particularly strong interpretation of "becoming less common". It'll probably eventually be antiquated but it certainly isn't yet - it's still very popular and accepted.