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Because tech companies don't get bailed out to the tune of trillions of dollars, or really any other populist rhetoric. This article isn't data it's anecdotes,
by fleitz 14y ago
Because tech companies don't get bailed out to the tune of trillions of dollars, or really any other populist rhetoric.
This article isn't data it's anecdotes, there's no serious comparison of tech companies vs. everyone else.
Also, it focuses exclusively on public companies, software companies aren't steel manufactures, they don't need billions in public money to create profitable businesses. Software is for the most part a cottage industry. eg. Instagram (yes, it's $1 billion but it's 11 people)
If you look at any of the players involved in the article and examine that case in depth it has a lot more to do with obvious mismanagement than being a tech company.
Q: What killed HP? Carly Fiorina.
Q: What killed RIM? Two CEOs and three CFOs.
Facebook is hardly dead it's got $10 billion in the bank, and the largest company in the world is a tech company