"Tech company" used to be vendors/providers of technology components (IBM, Oracle, Microsoft, etc) but today it is a label you slap on a stock, startup or IPO t

"Tech company" used to be vendors/providers of technology components (IBM, Oracle, Microsoft, etc) but today it is a label you slap on a stock, startup or IPO to mean "monopoly potential with very profitable operations / scalable revenue streams", so demand (and price) for said stock grow up. This is all BS of course - Netflix is a media/content company, Stripe is a financial services company and Tesla is an automotive and clean energy company. The fact they leverage technology much better than their peers (little offshoring, lots of R&D, "built here" mentality) is more relevant to the how they do it than to what they do.