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It’s a good idea for large companies to use their profit to stay profitable, and if it supports their cloud business… Where it’s a No-No is in accounting: thos
by bertil 3y ago
It’s a good idea for large companies to use their profit to stay profitable, and if it supports their cloud business…
Where it’s a No-No is in accounting: those should probably not be counted as “sales” but as gifts in nature or some particular category. Bill Gurley and Brad Gerstner are investors, so naturally, they balk when they hear that the documents they read, financial statements, have a creative take on reality. Still, I don’t think they think that lowers Google’s overall value. They just want that in a separate column.