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It’s Not Like We Never Made a Math Error August 24, 2007

Posted by David Card in Media.
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…but still. From the Dept. of Schadenfreude: Somebody should tell Morgan Stanley that CPM means “cost per thousand” when calculating potential Google YouTube ad revenues. Hint, it’s Latin.

    What happens to Mary’s estimates when you do the math right? Well, that $4.8 billion of gross revenue becomes $4.8 million, and the $720 million of net revenue becomes $720 thousand.

I’m sure the poor schmuck jr analyst who botched the math is on the street today. But Mary Meeker and Morgan Stanley put their brands on the report.

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