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.


Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Save me a cookie
  • Note: A CRLF will be replaced by a break tag (<br>), all other allowable HTML will remain intact
  • Allowed HTML Tags: <b> <i> <a> <em> <br> <strong> <blockquote> <hr> <tt>
Follow Techdirt
A word from our sponsors...
Essential Reading
Techdirt Reading List
Techdirt Insider Chat
A word from our sponsors...
Recent Stories
A word from our sponsors...

Close

Email This