Hey guys,
I think this short article of Scott Fearon Ilustrates perfectly the big difference between using GAAP with a “neutral” reporting technique and Non-GAAP (Aggresive technique).
The final result in EPS is very different and by staying with the neutral perspective for the reporting universe we can see very little value has been created for the shareholders of twitter (TWTR).
Share bases compensations should be treated as expenses (CFA LII) and is quite interesting how a Filing can be distorted just by changing that accounting reporting method.
http://deadcompanieswalking.tumblr.com/post/145657137591/the-non-gaap-craze-gets-crazier