Critical Path Made Up Revenue

from the oh!--that's-how-to-make-money dept

Want to know how to make money in this internet age? The trick apparently is to completely fabricate sales. Apparently an internal Critical Path audit has found $13.4 million of announced revenue from last year that was completely made up. That accounts for almost 10% of their revenue. They also determined that of the $1.8 billion (admittedly mostly stock funny money) that they spent on companies last year, almost all of it is going to be written off.

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