It is fair to call FTX and WeWork tech companies because they built platforms, powered by the internet and apps to modernize legacy offline industries. That's been the definition of a tech company since the 90's dotcom boom.
It is fair to call FTX and WeWork tech companies because they built platforms, powered by the internet and apps to modernize legacy offline industries. That's been the definition of a tech company since the 90's dotcom boom.
FTX was just an ordinary financial company, AFAICT. It had a bit of software to run the order book, but wasn't run by technical people, had no R&D effort and no obvious reason to develop one, and so on.
WeWork was just a company like any other, I can't see a single factor that could make this be a tech company.
To me, at heart, a tech company must develop some new kind of tech and do so in-house.
You can make a cryptocurrency without creating any new tech whatsoever. And you can create a blockchain without creating crypto.