It’s Not Like We Never Made a Math Error August 24, 2007Posted by David Card in Media.
…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.