Netflix is absolutely a tech company. Everyone wants to be "tech" because the valuation multiples are higher due to non-linear revenue potential per unit invest

Netflix is absolutely a tech company. Everyone wants to be "tech" because the valuation multiples are higher due to non-linear revenue potential per unit invested. That's pretty much what a "tech" company means today - the cost of acquiring user 1 might be millions, but user 2 is pennies. The only way to push those user n+1 costs so low is with heavy tech automation, which Netflix et al. has in spades.