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re: Texas District Court hammers the City of Austin

Posted on 1/18/19 at 9:06 am to
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73426 posts
Posted on 1/18/19 at 9:06 am to
quote:

Recipe for mass murder.
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18597 posts
Posted on 1/18/19 at 9:34 am to
quote:

Google financial abbreviations. I can tell you that in financial sectors $9,000 is represented as either $9K or $9M while $9,000,000 is represented as $9MM.



While technically correct on the $9M vs. $9MM I can tell you I never, ever see the single M to indicate thousands. I am a licensed investment banker with several sell side deals and a couple IPOs on the table right now and I have never in 20 years of experience in the industry seen the single M used for thousands.

Most bankers use M and MM interchangeably, in fact if I were to use the single M for thousands it would create confusion and I would likely be told I was mis-representing the figures.
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