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Comment by ekianjo | Hacker News Reader

Bloomberg are idiots talking out of their asses. They have never worked in tech companies

You are both right and wrong.

Bloomberg IS a tech company. But the journalists obviously don't mingle with that part.

More like, "tech company" has nothing to do with whether a company's product or competitive advantage lies in technology and just means "popular company" or today more like "SHR-funded company".

I'm reminded of how often I had to read about "tech companies vs. telcos", "tech companies vs. ISPs" during the net neutrality discussion, or "tech company vs. car company" for AVs, or "tech company vs. broadcaster" for streaming/advertising...

> Bloomberg IS a tech company.

This is like saying Microsoft is a charity - worst joke I heard in Sept 2022.

I think it’s a tech company. They employ lots of software engineers who develop a software product which is their central business. Why do you think it is not a tech company?

It’s sort of like saying Amazon is a delivery company. It’s part of a division of their company, and a main component at that. But it’s not like SREs working at AWS know or care about logistics.

I don't really understand the parallel. It's not like software engineers at Bloomberg really know or care all that much about finance. The vast majority just work on the software product that moves financial information.

The parallel is to say Bloomberg journalists are tech experts because “it’s a tech company”. The journalists are just journalists

Amazon is a logistics company though. Solving logistics is pretty much the entire value add of the retail arm.

uh, Bloomberg's original business was selling computer systems.

" Bloomberg developed and built his own computerized system to provide real-time market data, financial calculations and other financial analytics to Wall Street firms. "

https://en.wikipedia.org/wiki/Bloomberg_L.P.

Microsoft's original thing was NOT philanthropy.

there is no such thing as a tech company except maybe biotech or other R&d based businesses.

This is funny, because that's exactly the thing "The Old Industries" said before being disrupted by tech companies.

Bloomberg itself is "the old industries", in several domains including supposed-journalism. In the parlance of starry-eyed overglorified bloggers, they're the "legacy media".

Bloomberg also still hasn't printed a redaction of "The Big Hack" which is extremely damning to their journalistic credibility.

Hard to call Twitter a "tech company" considering how difficult it was for them to switch to 280 chars. What tech milestones did they hit in the past 7-8 years? Muted words?

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