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What does k mean next to numbers? Why k specifically? How much is k?

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When you see the letter "k" next to a number, it is often used as an abbreviation for thousands. This usage comes from the word "kilo," which means "thousand" in Greek. Therefore, for example, "10k" means "10 thousand," "5k" means "5 thousand," and so on.
K is Kilo or Thousand

Why is K often used in online chats and on websites?

The use of the abbreviation "k" to denote thousands in chats is a convenient and efficient way to shorten text. Since it is important to minimize text in chats to convey a lot of information in less time. Of course, you can use "t" to denote thousands. But k is an international abbreviation that is recognized almost everywhere.
The use of the letter "k" as an abbreviation for "thousands" originated from the history of computer science, where it was used to denote kilobytes (1024 bytes), kilohertz (1024 hertz), and other quantities that were multiplied by 1024. This terminological connection with computers spread to chats (gaming chats), where "k" became used as a convenient abbreviation for denoting thousands of numbers (for example, 10k gold in a video game).
Instead of writing the full word "thousand," using "k" saves time and space (on the screen). For example, instead of writing "1000," you can simply write "1k." This is especially useful when discussing large numbers or statistical data, where the use of the abbreviation helps focus on the main information.
Thus, the use of the abbreviation "k" to denote thousands in chats is a result of the practical need for an efficient way to convey numerical information.

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