Experience Stern | News & Events

Excerpt from Barron's -- "But is Etsy another sign of the seeming technology bubble? Not necessarily, according to Aswath Damodaran, a finance professor at NYU’s Stern School. There should be more truth in labeling, he writes on his blog: 'In my book, Tesla Motors [TSLA] is an automobile company, Uber is a car service (or transportation) company, and Lending Club [LC] is a financial-services company, and none of them should be categorized as technology companies. The fact that these firms use technology innovatively or to their advantage cannot be used as justification for treating them as technology companies, since technology is now part and parcel of even the most mundane businesses.'"

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