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This whole thing is pointless. It is basically about clarifying the definition of a financial/MBA term. Where do you draw the line at "tech company" vs some o
by citizenpaul 5y ago
This whole thing is pointless. It is basically about clarifying the definition of a financial/MBA term. Where do you draw the line at "tech company" vs some other classification? It only matters if you need to check a box on a portfolio investment diversification.
If a company came out with a fully automated oil drilling solution they are a tech company. Tech defined the company even if the majority of their business 20 years later comes from the fruit of their technical development labor. Netflix is tech company that now mostly makes money from content.
- skohan 5y agoI think the broader point is that this term is getting less and less relevant in general. It would be like if you defined any company that transported goods by rail a “train company”. It would have seemed relevant as a classification when trains were novel, but once it becomes the norm that ceases to be the most relevant characteristic.
- Isthatablackgsd 5y agoMy biggest gripes with headline and article that they used the term with extreme ambiguity. I'm sure 50% of the world companies are classified as "tech company". Every time I see those term popping up, all the question I have is tech in what? and What is their specialty? Espically with many new entities name and it is harder to track of what they do.