I came across an article recently which talked about how current accounting standards don't portray an accurate picture of many tech companies due to "intangibl

I came across an article recently which talked about how current accounting standards don't portray an accurate picture of many tech companies due to "intangible assets". I wonder if or how much this shows up in the current feeling of many tech stocks bring overpriced? https://tanay.substack.com/p/the-rise-of-intangibles-and-the-demise https://tanay.substack.com/p/the-rise-of-intangibles-and-the... https://news.ycombinator.com/item?id=25556726 https://news.ycombinator.com/item?id=25556726