As wildly successful venture capitalist Peter Thiel says: most companies in the Nasdaq are not actually tech companies; they are anti-tech companies. What we consider to be tech companies are actually banking on the fact that no new companies come out with a better product or service. So, companies like Facebook are hoping for less innovation, not more. That may be why Thiel sold his Facebook shares many years ago. via www.investmentwatchblog.com Anti-tech companies. Hadn't heard that.
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