Comment by boh

Its a little silly how easily a company can categorize itself as a technology company. Many of the IPOs from the past two years suggests having a website and/or having an app doesn't just make you into a tech company (WeWork is a good example of this). Compass is no doubt eager to foster unreasonable expectations for growth that surpasses the business they're actually in (as real estate brokers) and prefer to imbued the magic pixie dust of "engineering" to somehow defy the forces of gravity with Google-like growth. Their argument that growth is a function of their "tech" vs. just old-school, everyday sales (with maybe a good dashboard/messaging app) is pretty weak.