Questions over GAAP total expenditures for 3q surface, Arthur Hayes notes

Questions over GAAP total expenditures for 3q surface, Arthur Hayes notes
Adjusted profit margin and GAAP questioned

Arthur Hayes, Arthur Hayes, questioned the meaning of an 'adjusted' profit margin and asked whether anyone knows what total expenditures were for the third quarter under GAAP rules.

Hayes, who referenced his business school background, remarked that he was never taught what an adjusted profit margin is, stating that for him, a company either made money or it did not.

Hayes has previously reviewed challenges facing the crypto sector, including past crises and upcoming AI-related worries, in his analysis of prior crypto bull cycles. He also recently announced the launch of a Flop Labs competition centered on predicting the price of NVDA perpetuals on HyperliquidX. These commentaries reflect Hayes's ongoing engagement with financial trends and market developments.

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