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The article has wrong facts. The columbia journalism review author double counted inflation. The NYTimes piece he cites has already adjusted for inflation in
by jcampbell1 14y ago
The article has wrong facts. The columbia journalism review author double counted inflation. The NYTimes piece he cites has already adjusted for inflation in the 1967 IBM Market cap.
- uvdiv 14y agoTrue: CORRECTION: Let me rap myself on the knuckles here for the above update, which was flat incorrect. As commenter JD points out, IBM’s 1967 market cap was not $1.3 trillion in real dollars, it was $192.3 billion. The NYT’s data was already adjusted for inflation. http://www.cjr.org/the_audit/misleading_and_incomplete_cove.php http://www.cjr.org/the_audit/misleading_and_incomplete_cove.... Or, $28 billion nominal.
- rauljara 14y agoThis is by far the most important comment on the page. Very frustrating that, when I read it, it was nowhere near the top.
- giorgiofontana 14y agoI totally agree.
- deleted 14y ago[deleted]
- Bro_Merch 14y agoAgreed