Re:WeWork Isn’t a Tech Company
by filleduchaos on Wednesday August 21, 2019 @07:43PM
(#20763150)
If you read the article, it should be pretty clear why it matters; "tech companies" are valued differently (because of their potential for giant profit margins and exponential growth), so a business can inflate its valuation/grab buckets of investor money by positioning itself as a tech company even though it doesn't meet any of the criteria that actually make tech companies good investments. Which is arguably somewhat unethical.
There are enough things wrong with wework that this is just muddying the issue.