Tencent loses $143B in market value

m-p-3 wrote: post #4

reustle wrote: post #2

Slightly off topic: I really wish Bloomberg would respect peoples mobile data limits and not auto load video on mobile.

I hate autoplaying videos in general.

Especially those "newsy" videos that consume bandwidth with video clips and snippets of text. These are a scourge on facebook feed (before I deleted it). Also hate it on any mainstream media site.

These videos are totally useless too. just regurgitating a video with text from the _actual_ article.

Re: Tencent loses $143B in market value

#7

Post by anoncoward111 » Tue, Jul 31, 2018, 4:40 PM UTC

reustle wrote: post #2

Slightly off topic: I really wish Bloomberg would respect peoples mobile data limits and not auto load video on mobile.

Short sighted metrics yield long-term consumer loss :)

Re: Tencent loses $143B in market value

#8

Post by minimaxir » Tue, Jul 31, 2018, 4:42 PM UTC

VonGuard wrote: post #5

League of Legends is no longer the world's most popular video game.

Tencent does a lot more than having a stake in Riot Games.

Re: Tencent loses $143B in market value

#9

Post by superkuh » Tue, Jul 31, 2018, 4:44 PM UTC

minimaxir wrote: post #8

VonGuard wrote: post #5

League of Legends is no longer the world's most popular video game.

Tencent does a lot more than having a stake in Riot Games.

Yeah, they bought PUBG too. Right after it stopped being popular.

Re: Tencent loses $143B in market value

#10

Post by VonGuard » Tue, Jul 31, 2018, 4:44 PM UTC

minimaxir wrote: post #8

VonGuard wrote: post #5

League of Legends is no longer the world's most popular video game.

Tencent does a lot more than having a stake in Riot Games.

Yes, they do, QQ being exhibit A. But League of Legends was supposed to be their first major step into the larger world of 100 million player+ games, worldwide. Riot has yet to produce another game, and their seat atop the gaming market is now gone.

It wasn't their biggest money maker, but it was their biggest money maker outside of China, and investors really liked the idea of global growth.