Why Financial Statements Don’t Work for Digital Companies
Harvard Business
FEBRUARY 26, 2018
On February 13, 2018, the New York Times reported that Uber is planning an IPO. In the 2016 book The End of Accounting , NYU Stern Professor Baruch Lev claimed that over the last 100 years or so, financial reports have become less useful in capital market decisions. Let’s first look at the balance sheet.
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