The Scam called "Tech stocks"
Posted: Sun Jul 24, 2022 4:18 pm
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What is the definition of a "Technology Company" ?
"Technology Company" is a company that it's product (what it markets) is "technology".
"Technology companies" deserve "high, very high multiples" .. they can have no revenue but worth billions.
Companies who use technology to conduct their business, are not "Technology company" .. and do not deserve "high multiples"
Is McDonals selling burgers but using all kinds of technologies a "tech company" ? or 7/11 store ?
NO
Is uBer ride-sharing a tech company ? Is Amazon selling stuff a Tech Company ? .. is FB social media a tech company ?
NO .. but Wall Street calls them tech stocks and gives them high multiples (pushing up stock price)
This intentional, political
These companies are supported by elite, establishment
https://www.washingtonpost.com/world/20 ... on-france/
China
The companies targeted include
taxi-hailing platform DiDi, Alibaba affiliate Ant Financial, entertainment streaming service Tencent, food delivery platform Meituan and e-commerce company JD.com.
Food delivery Meituan, taxi-hailing, entertainment streaming .. worthless stuff
The Chinese put a stop on this rubbish .. preventing rubbish sucking all investment which should go to real tech companies developing real technologies.
.
What is the definition of a "Technology Company" ?
"Technology Company" is a company that it's product (what it markets) is "technology".
"Technology companies" deserve "high, very high multiples" .. they can have no revenue but worth billions.
Companies who use technology to conduct their business, are not "Technology company" .. and do not deserve "high multiples"
Is McDonals selling burgers but using all kinds of technologies a "tech company" ? or 7/11 store ?
NO
Is uBer ride-sharing a tech company ? Is Amazon selling stuff a Tech Company ? .. is FB social media a tech company ?
NO .. but Wall Street calls them tech stocks and gives them high multiples (pushing up stock price)
This intentional, political
These companies are supported by elite, establishment
https://www.washingtonpost.com/world/20 ... on-france/
China
The companies targeted include
taxi-hailing platform DiDi, Alibaba affiliate Ant Financial, entertainment streaming service Tencent, food delivery platform Meituan and e-commerce company JD.com.
Food delivery Meituan, taxi-hailing, entertainment streaming .. worthless stuff
The Chinese put a stop on this rubbish .. preventing rubbish sucking all investment which should go to real tech companies developing real technologies.
.