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Fear has gripped global stock markets this week, hitting the tech shares that were everybody s darlings.
These tremors will heighten the scrutiny of this sector, which has expanded to encompass not just groups at the cutting edge of software and hardware, but also companies in media, show business and electric trucks.
Do companies in these categories deserve the tech stock definition and the hefty valuation it still brings, even taking into account the latest falls?
Netflix may be one of the Fanmag grouping (with Facebook, Apple, Microsoft, Amazon and Google). However, Netflix is now calling itself an entertainment business, perhaps in tacit recognition that it is more Hollywood than Silicon Valley.
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