Why We Need to Update Financial Reporting for the Digital Era
JUNE 8, 2018
Digital companies, however, consider scientists’ and software workers’ and product development teams’ time to be the company’s most valuable resource. However, many investors seem to have concluded that the most successful companies with tens of billions of dollars of valuation today could never have justified their valuation at the start of their operation based on discounted cash flow. Analysts increasingly rely on non-GAAP metrics.