article thumbnail

Expedia Layoffs To Affect 9% Of Workforce In a Bid To Refocus Resources

HR Digest

Their full-year GAAP (Generally Accepted Accounting Principles) saw a 127 percent growth compared to 2022, one of their highest growth numbers to date. While the B2C and B2B appear to be the target area for growth, it is the Product and Technology division that’s seeing the biggest shakeup in order to facilitate the change.

Resources 105
article thumbnail

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. The company’s first revenues indicate the acceptance of its product or services by customers. What caused this slump?

Report 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

The market caps of just four companies, Apple, Alphabet, Amazon, and Microsoft, now exceed $3 trillion. Their combined assets of $944 billion are an order of magnitude lower than the combined assets of $7,700 billion of the largest 3,177 companies in 1986, when the aggregate market capitalization reached $3 trillion for the first time.

Report 8
article thumbnail

The Dangers of Digital Protectionism

Harvard Business Review

Still others hope to create market barriers for global companies — a form of digital protectionism. At the other extreme, cross-border flows of certain types of private or public data, such as well production for a global oil producer or anonymous aggregated statistics, may be better left unfettered. In contrast, the U.S.

article thumbnail

How B2B Software Vendors Can Help Their Customers Benchmark

Harvard Business Review

Neustar’s MarketShare software makes it possible for customers to measure the effects of their marketing programs and compare them to other firms. At the same time that data mirrors and scoring have emerged in the corporate world, capital markets are becoming increasingly interested in the analysis of alternative data sets.

article thumbnail

The U.S. Corporate Tax Code Is Broken. How Should We Fix It?

Harvard Business Review

and the allocation of corporate talent and efforts (away from productive uses and toward rent-seeking). Consider the ratio of transport costs to product value for a steel bar, an automobile, a semiconductor chip and a piece of software. Cook squarely placed the blame on a U.S.

article thumbnail

GDP Is a Wildly Flawed Measure for the Digital Age

Harvard Business Review

Gross Domestic Product (GDP), our core measure of prosperity, was developed during the industrial age. As the economy has evolved from one age to another (from industrial to services to information to network), our basic measurement systems have not kept pace.

GDP 8