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A Blueprint for Digital Companies’ Financial Reporting

Harvard Business Review

On June 25, 2018, Facebook lost market capitalization of more than $100 billion in just two hours of trading after it announced its quarterly performance, despite exceeding analysts’ earnings forecasts. Because investors consider these non-GAAP numbers to be value-relevant, we propose a more direct way for them to be calculated.

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The Dangers of Digital Protectionism

Harvard Business Review

The most prominent of these is the EU’s General Data Protection Regulation (GDPR) which took effect on May 25, 2018. India’s finance ministry has proposed such an approach to the central bank. follows Generally Accepted Accounting Principles (GAAP), developed through a rules-based approach. In contrast, the U.S.