You have probably seen the numbers 1K, 2K, 10K, or 1M, 10M published on Facebook, Twitter, or YouTube. Are you aware of the meaning of the “K” or “M” behind the number? If not, you may find all the details in this article. We shall learn more about it in depth in this post, so why does 1K signify “a thousand”?

Do you also decipher a number printed as Rs.1950000 by counting zeros like an 8th grader? We’ve all been there, so, yeah. Putting K or M in advance of variables must be a mathematician’s lazy man’s method! I kid you not! But it’s everywhere today; whether it’s Facebook likes, Twitter retweets, or Instagram followers, the zeroes have been replaced with “K” or “M”.

WHAT JUSTIFIES THE USE OF “K” AND “M”?

The usage of “M” for “million” makes perfect sense. Like many other abbreviations, it is represented by the letter “M,” which stands for “million.” For example, in digital slang, “Be Right Bank” becomes BRB and “Life’s good” becomes LG. Following this reasoning, you must then ask why we use “k” for thousand instead of “T”?

Greek letter K stands for “Kilo,” which denotes a thousand. The like,

1,000 grams make up 1 kilogram, or

1,000 milliliters equal 1 liter.

For this reason, the letter “k” stands for a thousand of things. French scientists were the ones who originally used it to signify thousand. Nonetheless, it is recognized that the Greek languages Khiloi is where the term “kilo” came from.

WHAT DO “1K” AND “1M” MEANS?

In the area of digital communication, 1K stands for 1,000 and 1M for 100,000. Thus, it means 18,500 when it reads 18.5k. In place of zeroes, the letters operate as a suffix to the numerals. Keep in mind that this should not apply to money because Million is calculated in US dollars and the exchange rates apply.

1K stands for 1,000 or 1000

10K is equal to 10,000 or 10,000

100K is equal to 100,000 or a thousand.

1M stands for 1 Million, 100,000, or 10,000.

Okay, but let’s delve a little farther.

1K IN FINANCIAL TERMS

You must have heard that a company’s net worth is millions of dollars frequently. Perhaps when businesses raise money through VCs or other sources. “Paytm raised 10M from Softbank,” for instance. Here, 10M stands for 1 crore (10 times 10 lakh). Yet, right now, if you Google “10 million US dollars,” you’ll see something like “74,824,491.” The current Dollar exchange rate is to blame. To get the current value, multiply the translation rate by 10 lakh. That changes every single day.

WHY ARE “K” AND “M” USED?

What’s the difference between 18.5k and 18,500, exactly? It is the amount of time it took to type, the amount of space it took up, and how easy it is to read. Everything gets shortened in this age of digital slang to make communication quicker and simpler. For your knowledge is abbreviated as FYI, and ASAP is written. It is excellent for both typing and reading since it requires less time and space to type and eliminates the need to count the quantity of zeroes to get at a value. Which one is simpler to read? Rs.74,824,491 or 1M? Obviously, the latter one.

IN SOCIAL MEDIA CONTEXT, 1K AND 1M

The K and M jargon is often used on many social media sites. You’ll know who it is the next time you see a celebrity with 100,000 following on Twitter or Instagram. Ah!! The obsession with acquiring millions of followers has also taken hold among young people nowadays! Is it not? Imagine your social media platforms receiving 1 million or 10 million views per day! You feel like a star just thinking about it! Popular personalities may find it simpler to attract such a big following. To achieve this goal, however, may require a lot of work, consistency, and amazing content quality for a novice.

WHAT DOES “K” OR “M” IMPLY AFTER A NUMBER?

On the Internet, 1K and 10K are used to denote 1,000 and ten thousand respectively. 1M is used to denote one million.

1M Equals 1,000,000

Because “M” stands for “million,” you must have had no trouble understanding this because “M” is used to denote millions. But, you might be wondering why T isn’t used for this as Thousand is named Thousand in English.

Actually, “K” stands for “Kilo,” and in Greek, “Kilo” equals 1,000. Like,

Kilograms are equal to 1,000 grams.

1,000 meters make up one kilometer.

As a result, “K” stands for thousand. Like,

1K = 1,000 (one thousand)

10K Equals 10,000 (ten thousand)

The “K” that is positioned behind the numerals denotes a thousand, regardless of the value of the number.

WHY DO WE USE “K” AND “M”?

Humans are constantly seeking shortcuts. For this reason, we write “1K” for 1,000 and “1M” for one million. Also, this uses up less time and space. On Facebook, YouTube and Twitter, the letters “K” and “M” are used to like, comment, share, and subscribe to videos on YouTube. The benefit of this is that the viewer can instantly determine how much is written without needing to check how many “0” are behind the number. In other words, it has made calculating simpler. These are currently the most often used on social media. Even now, individuals are beginning to type with them.