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financetechbro • yesterday at 3:53 PM • 1 reply • view on HN

I think this is unfairly underplaying WeWorks contribution to financial innovation with their creation of “community adjusted EBITDA”


Replies

cmiles8 • yesterday at 4:08 PM

Well every startup plays the game of “we’re profitable if you ignore all the reasons why we’re not profitable.”

GAAP isn’t perfect, but it exists for a reason.