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Providing an API abstracting over the complexity of payment processing is the technology. Google's search engine is technology but you would probably say "isn'

Providing an API abstracting over the complexity of payment processing is the technology. Google's search engine is technology but you would probably say "isn't that just a researching documents"? A bit weird how you only deem companies technological if they have released popular OSS or Apple because they produce libraries/frameworks they use internally. Pretty sure all software companies use internal libraries.

roundandround 4y ago
That just seems to feed the point to me. Google was competing with organizations particularly created for a new tech market that didn't exist before them. NYC library was maybe the largest player available to consumers? (Before the emergent search tech like alta vista and yahoo that Google disrupted.) Stripe is a payment processor with the most disruptive automation, competing with other payment processors older than the web. Every industry will be shrinking in people per net work, few industries are new things (at least for the public) enabled by automation. If we want to call all disruptors tech companies, why not also call the old companies that transform to compete with them tech companies too? Then every industry is tech. But really it is the opposite, tech as it ages becomes regular business that is more dependent on trademarks, relationships, etc, so some things we consider tech from recent decades are less so now and companies that stay primarily in them are more like old industry than tech companies that compete for the newly emerging fields.
tester756 4y ago
It sounds like: if they use computers, then they're tech, weird. I don't share the sentiment, I don't see Netflix in the same group as MSFT / OpenAI / AMD / TSMC.
6gvONxR4sf7o 4y ago
Are visa and mastercard tech companies? Or wells fargo?
- toomuchtodo 4y ago
  Federal Reserve is a tech provider in finance (ACH, FedWire, FedNow instant payments, etc).

roundandround 4y ago

That just seems to feed the point to me. Google was competing with organizations particularly created for a new tech market that didn't exist before them. NYC library was maybe the largest player available to consumers? (Before the emergent search tech like alta vista and yahoo that Google disrupted.) Stripe is a payment processor with the most disruptive automation, competing with other payment processors older than the web. Every industry will be shrinking in people per net work, few industries are new things (at least for the public) enabled by automation. If we want to call all disruptors tech companies, why not also call the old companies that transform to compete with them tech companies too? Then every industry is tech. But really it is the opposite, tech as it ages becomes regular business that is more dependent on trademarks, relationships, etc, so some things we consider tech from recent decades are less so now and companies that stay primarily in them are more like old industry than tech companies that compete for the newly emerging fields.

tester756 4y ago

It sounds like: if they use computers, then they're tech, weird. I don't share the sentiment, I don't see Netflix in the same group as MSFT / OpenAI / AMD / TSMC.

6gvONxR4sf7o 4y ago

Are visa and mastercard tech companies? Or wells fargo?

toomuchtodo 4y ago
Federal Reserve is a tech provider in finance (ACH, FedWire, FedNow instant payments, etc).