OpenAI is running out of other people’s money. Time to hit the public markets! OpenAI hopes to IPO in September. [WSJ, archive] SpaceX’s IPO is set for June 12. That’ll mess things up for OpenAI an…
  • V0ldek@awful.systemsEnglish
    12·
    3 天前

    Adjusted operating income margin was -122% in the first quarter … That means that for every dollar of revenue the company generated, it lost $1.22

    This is so confusing. So is it -122% or is it -22%? Cause -122% should mean that for each dollar gained they lose 2.22 because that’s how percentages work, no?

    • V0ldek@awful.systemsEnglish
      4·
      3 天前

      The lower of those numbers is obviously fake. The other is “okay, I guess they’re doing better than I expected, but at least it’s plausible”

    • foudinfo@jlai.luEnglish
      1·
      2 天前

      I’m not sure I understand how you calculated this.

      2.22 Would be -222%

      50% of 1 can be calculated like 1 x 50 / 100 or simply 1 x 0.5

      Same for 122% 1 x 1.22 = 1.22

      • V0ldek@awful.systemsEnglish
        4·
        2 天前

        If you spend $1.22 for every $1.00 gained, then your operating income is $-0.22. So your income is -22% of your revenue.

        Calculating like you do would mean that a -100% operating income margin means you break even, and that’s kinda silly. What would a positive margin mean?