The headlines say big Tech Stocks crashed 5% yesterday led by Telsa (-9%) Apple ( -8%) Microsoft (-6%) Netflix was down 5%, Facebook down 4%, doing far far worse than companies like Samsung, Verizon, Disney, New York Times, Planet fitness, Volkswagen, etc. It does make you wonder what a tech company is? Is Facebook not just a media company in a digital age? Is Netflix not an entertainment company? Is Apple not a Smartphone and services company? Tesla a battery developer currently in the car marking market? Shopify as a tech company is down 5.5%, but isn’t it simply part of the retail business, not tech? Wayfair is down 8%, but isn’t it just a furniture store? Redfin is down 7% , but it’s a real estate agency Peloton is down 9.6%, but it’s a gym. When are we going to understand technology is just the modern world. We’d not call Delta, UPS, Nike, McDonald's, Verizon, GSK, American Express technology companies, but because of their inception dates, not because of how vital and advanced their technology is. Why does Uber, Amazon, Zoom, Airbnb, Stitchfix, Blue Apron etc get to be valued on such a different basis? …see more