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Isn't this really true for any company at scale? Arguably every big tech company isn't a tech company at all. Most either fall into some combination of adverti
by _heimdall 3y ago
Isn't this really true for any company at scale?
Arguably every big tech company isn't a tech company at all. Most either fall into some combination of advertising, data brokers, etc. And at the end of the day, the real product of any publicly traded company is their stock - any tech product they happen to sell is a footnote compared to their share price.
- amelius 3y agoHow would that apply to Microsoft, Apple, nVidia, AMD, ASML, TSMC, ...?
- _heimdall 3y agoI wouldn't everyone to agree, but I think there's a good argument to be made that all of those companies are more driven by the performance of their stock than anything else. They all make software or physical products, but at the end of the day the primary value of the companies and the impact they have on the economy are largely their stocks. TSMC could be an outlier there, I don't know enough about the company's financials. The others, though, would fall into the category of companies valued and driven primarily by their stock valuations rather than the products they produce.