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...