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Tencent loses $143B in market value

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Re: Tencent loses $143B in market value

#71

Post by EpicEng »

Latteland wrote: post #68
EpicEng wrote: post #41

Earlier quoted context omitted.

It's not binary. I can name _many_ governments far less corrupt than China. Humans will always be corrupt to some degree; the amount and type of corruption present in a government is what makes all the difference.

Okay, which countries are directly going to an orwellian system of pervasive monitoring? There is one leader, China. What's number 2?

I'm not sure I understand what you're saying. My point is that China is amongst the worst actors in the world. The fact that corruption exists elsewhere doesn't create a moral equivalence.

Re: Tencent loses $143B in market value

#73

Post by celim307 »

chrischen wrote: post #61
heroprotagonist wrote: post #45

Earlier quoted context omitted.

Sure, they're a pretty successful company. I bet it's a decent buy long term. Though, if you use ethics in some form to guide your investment choice, you may want to consider whether supporting creators of social credit systems conflicts with your ethics. Maybe it doesn't, but.. it's worth consideration if you are guided by such things.

There’s a lot of things wrong where I live (The USA), including guantanamo bay, invasion of Iraq. I may not support any of those things, but I still contribute to taxes and function in society. Choosing to freeze oneself is entirely impractical, even if some parts of one’s society is immoral. That being said, the ethics you mention is not universal. The social credit system may be controversial, but generally a detac…

Isn't imposing moral standards exactly what China's social credit score is doing?

Re: Tencent loses $143B in market value

#74

Post by it_learnses »

chrischen wrote: post #61
heroprotagonist wrote: post #45

Earlier quoted context omitted.

Sure, they're a pretty successful company. I bet it's a decent buy long term. Though, if you use ethics in some form to guide your investment choice, you may want to consider whether supporting creators of social credit systems conflicts with your ethics. Maybe it doesn't, but.. it's worth consideration if you are guided by such things.

There’s a lot of things wrong where I live (The USA), including guantanamo bay, invasion of Iraq. I may not support any of those things, but I still contribute to taxes and function in society. Choosing to freeze oneself is entirely impractical, even if some parts of one’s society is immoral. That being said, the ethics you mention is not universal. The social credit system may be controversial, but generally a detac…

Not supporting those things and being vocal about it is entirely allowed in USA, but not allowed in China. I think your self-contradicting view would change pretty fast if you moved back to China and your social credit somehow took a hit and you couldn't get a job or use transportation as a result.

Re: Tencent loses $143B in market value

#75

Post by atom_arranger »

nordsieck wrote: post #40
atom_arranger wrote: post #27

Earlier quoted context omitted.

Should images also not display by default? What about short videos used as replacements for GIFS? Loading the gif would actually use more bandwidth. All these restrictions on mobile browsers make web development a pain.

> What about short videos used as replacements for GIFS? Loading the gif would actually use more bandwidth. It seems reasonable to have an option to lazy load gifs and video. Same with audio. My browser does this right now with flash: if I want to play flash content, I have to opt in. I never want to opt in. > All these restrictions on mobile browsers make web development a pain. I don't understand why you seem to th…

That's very accusatory. I'm just trying to make a nice experience for users.

As I said the GIF version would use more bandwidth, so if browsers force me to use GIFs instead of an HTML5 videos it's making things worse for the user by that metric.

If you want to browse an internet without images (or GIFS, or HTML5 gifs) I think you should be able to but I don't think that's what most people, including myself, want.

Aside from that though video autoplaying is part of the spec. I think that browsers not following specs properly has made the web a much worse place overall. Browser incompatibility has significantly hindered the web as an application platform.

Re: Tencent loses $143B in market value

#76

Post by nojvek »

bmer wrote: post #54
foota wrote: post #47

Earlier quoted context omitted.

Anyone play their mining game where you are a drill?

When I used to play MotherLoad, the world was still a bright place, full of possibility. I was on track to finish from a prestigious high school, accepted into a prestigious university, and obviously going to end up pretty comfortable in life. Little did I know, that within me I had the seeds of mental illness growing. Perhaps, one of the signs, if I only knew to pay attention to it, was how "addicting" games were to…

Oh man Motherload. I have really good memories of spending my school breaks on motherload. All those drills, so much fun.

Re: Tencent loses $143B in market value

#77

Post by nojvek »

Sytten wrote: post #62
foota wrote: post #47

Earlier quoted context omitted.

Anyone play their mining game where you are a drill?

I loved that game. I wrote a copy of it for desktop in c++ at the end of high school: https://github.com/Sytten/MineDeeper Please don't judge my code quality I was 16 at the time :)

I love this about HN. People showcasing their little OS projects. One can learn so much.

Re: Tencent loses $143B in market value

#78

Post by ww520 »

heroprotagonist wrote: post #45
ww520 wrote: post #21

Sounds like it's opportunity to buy on the dip.

Sure, they're a pretty successful company. I bet it's a decent buy long term. Though, if you use ethics in some form to guide your investment choice, you may want to consider whether supporting creators of social credit systems conflicts with your ethics. Maybe it doesn't, but.. it's worth consideration if you are guided by such things.

I have no stand on "social credit systems" since I don't know enough about them. On the other hand, I really hate people virtue signaling especially with questionable stands just so they could feel morally superior. I'm going to buy tcehy tomorrow just because.

Re: Tencent loses $143B in market value

#79

Post by mac01021 »

heroprotagonist wrote: post #45
ww520 wrote: post #21

Sounds like it's opportunity to buy on the dip.

Sure, they're a pretty successful company. I bet it's a decent buy long term. Though, if you use ethics in some form to guide your investment choice, you may want to consider whether supporting creators of social credit systems conflicts with your ethics. Maybe it doesn't, but.. it's worth consideration if you are guided by such things.

Does divestment from a corporation actually provide an incentive for the corporation to change its behavior?

Maybe if you were boycotting their IPO. But the mechanism of influence is much less clear if you're just declining to buy their stock secondhand on the exchanges...

Re: Tencent loses $143B in market value

#80

Post by slivym »

gok wrote: post #34

…since its 52-week high. The headline makes it sound like this all happened today.

Yeah, the comparison in the article with Facebook looks like trash. Tencent peaked in January, bumbled around a lot and slumped back down to Nov 2017 levels. Facebook meanwhile lost every penny of its value in the last week, but is still as higher than the April low.

These are not at all comparable and putting them on a chart together isn't credible.

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