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A comment on Airbnb Enters the Land of Profitability. Parent comment
It's an accounting phrase describing one measure of operating cashflow. Since the Bloomberg story is intended for non-accountants, they decided to spell out each word instead of using the acronym.
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It's an accounting phrase describing one measure of operating cashflow. Since the Bloomberg story is intended for non-accountants, they decided to spell out each word instead of using the acronym.