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But I have so many followers! (lemmy.world)
submitted 10 months ago by [email protected] to c/[email protected]
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[-] [email protected] 31 points 10 months ago* (last edited 10 months ago)

As someone who doesn't speak native English, is $40mm

  • 40 millimeters of dollars?
  • 40 milliMillion dollars? Or rather, $40k?
  • 40 million million dollars? Or rather, 4 trillion?
  • 40 milliom dollars?
  • 40 morții mă-tii dollars? This one's a longshot
[-] [email protected] 25 points 10 months ago

MM is a common abbreviation for millions in finance and accounting. Not usually used colloquially, but it’s not wrong.

[-] [email protected] 12 points 10 months ago

M is roman numerals for thousands, so MM is a thousand thousands = million.

[-] [email protected] 7 points 10 months ago* (last edited 10 months ago)

If it were Roman numerals that would be two thousand for the same reason II is two ones...

[-] [email protected] 6 points 10 months ago

I'm not a finance bro, just pointing out where it comes from.

https://corporatefinanceinstitute.com/resources/fixed-income/mm-millions/

In finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are in millions. The Roman numeral M denotes thousands. In this context, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000,” which equals 1,000,000 (one million).

While Roman numerals are technically additive (MM is really 1,000 plus 1,000 or 2,000), MM is still a fairly common way of abbreviating millions, especially in certain industries like oil and gas. This guide will explore how the notation should be used, as well as alternative symbols that are used in practice.

[-] [email protected] 4 points 10 months ago

I think this says that IF MM is to be interpreted as roman numerals, then MM is additive and means two thousand, whereas IF MM is to be interpreted as the ad hoc finance unit, then it denotes millions

[-] [email protected] 1 points 9 months ago

M also denotes the metric prefix Mega, which means a million of something.

[-] [email protected] 6 points 10 months ago

Million moneys

[-] [email protected] 6 points 10 months ago

As someone who does speak English, I'm pretty sure it must mean 40 millimeters of dollars.

[-] [email protected] 2 points 10 months ago

Dammit. Still larger than what I have.

[-] [email protected] -2 points 10 months ago

As someone who does speak native English, no clue. My best guess is that it is a typo. I think it was supposed to be $40m.

this post was submitted on 27 Aug 2024
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