I really wish journalists & public speaking investors would call this out more.

Though like non-GAAP earnings & adjusted EBITDA, very few care. Those that do are often old, technical, conservative & silent type of investors instead of podcasters or CNBC guests. RIP Charlie M.

There's no doubt it can function as a convenient cover, but that doesn't mean it's having no effect at all. It would be naive to assume that the introduction of a fundamentally new general-purpose work tool across millions of workers in nearly every industry and company within the span of a couple years has not played any role whatsoever in making teams and organizations more efficient in terms of headcount.