Stock-Based Compensation at Twitter
"Olivia Nash, an analyst at leading hedge fund BlueShark Capital Management, sat back and popped open a fresh can of Kiwi LaCroix as she looked out the pristine glass window in her office. Olivia was part of BlueShark’s technology sector coverage team, having been with the firm since completing her MBA five years ago. She had just finished listening to the hour-long earnings call for Twitter’s Q4 2017 results.
Was Twitter doing well? That depended on which numbers she chose to believe. According to Generally Accepted Accounting Principles (GAAP), Twitter had recorded a $108M net loss for 2017. But on the earnings call, CEO Jack Dorsey and CFO Ned Segal had emphasized a slightly different and much better-looking metric: non-GAAP net income of $329M. This adjusted version of net income was a measure Twitter had defined itself when it first went public in 2013. The biggest difference between the two was that Twitter’s non-GAAP net income stripped out stock-based compensation expense."
- 2018 President and Fellows of Harvard College
Choosing a Book Format
EPUB is the standard publishing format used by many e-book readers including iBooks, Easy Reader, VoiceDream Reader, etc. This is the most popular and widely used format.
DAISY format is used by GoRead, Read2Go and most Kurzweil devices.
Audio (MP3) format is used by audio only devices, such as iPod.
Braille format is used by Braille output devices.
DAISY Audio format works on DAISY compatible players such as Victor Reader Stream.
Accessible Word format can be unzipped and opened in any tool that supports .docx files.