Tencent loses $143B in market value • Hacker News Board

Re: Tencent loses $143B in market value

#61

Post by chrischen » Tue, Jul 31, 2018, 7:48 PM UTC

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.

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 detached western viewpoint is hardly one who can speak to the morality of it on behalf of Chinese people. The only thing objectively inmoral is imposing one’s own moral standards and viewpoints on others.

Re: Tencent loses $143B in market value

#62

Post by Sytten » Tue, Jul 31, 2018, 7:52 PM UTC

foota wrote: post #47

jdhn wrote: post #20

Earlier quoted context omitted.

>Miniclip - majority stake Now that's a name I haven't heard in a long time. I wasn't even aware that they were still around, but apparently they are.

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 :)

Re: Tencent loses $143B in market value

#63

Post by Kiro » Tue, Jul 31, 2018, 8:18 PM UTC

VonGuard wrote: post #10

minimaxir wrote: post #8

Earlier quoted context omitted.

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.

Pretty sure they make way more on Fortnite.

Re: Tencent loses $143B in market value

#64

Post by Kiro » Tue, Jul 31, 2018, 8:19 PM UTC

Analemma_ wrote: post #52

lostmsu wrote: post #15

Earlier quoted context omitted.

What is now? PUBG?

Measured in revenue, it has to be Fortnite: Epic is apparently printing money to the tune of $100MM/month from it. And anecdotally, over the course of just a couple months it certainly seems like every single person under the age of 18 in the United States started playing it.

Well, Tencent also owns Epic so...

Re: Tencent loses $143B in market value

#65

Post by adventured » Tue, Jul 31, 2018, 9:13 PM UTC

ww520 wrote: post #21

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

Extremely questionable call.

They earned $6 billion in profit in 2017. They were sporting a ~$580 billion market cap. Paying near 100 times earnings for a business whose growth is rapidly slowing, is not a great idea typically. They've massively pulled future returns forward. More likely, in seven or eight years when they have an optimistic best case scenario $20-25 billion in profit, they won't be worth a lot more than their 52 week high. Multiple compression always comes for stocks like these eventually.

Re: Tencent loses $143B in market value

#66

Post by erk__ » Tue, Jul 31, 2018, 9:25 PM UTC

foota wrote: post #47

jdhn wrote: post #20

Earlier quoted context omitted.

>Miniclip - majority stake Now that's a name I haven't heard in a long time. I wasn't even aware that they were still around, but apparently they are.

Anyone play their mining game where you are a drill?

XGen Studios the studio behind MotherLoad actually released a remaster of the game a couple of years ago http://www.xgenstudios.com/super-motherload/

Re: Tencent loses $143B in market value

#67

Post by Macha » Tue, Jul 31, 2018, 9:55 PM UTC

chongli wrote: post #16

reustle wrote: post #2

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

This really ought to be handled by the browser vendor. Auto playing video on a mobile browser should be disabled by default.

Some companies work around this by encoding videos as gifs or loading keyframes one by one when playback is not available :(

Re: Tencent loses $143B in market value

#68

Post by Latteland » Tue, Jul 31, 2018, 10:07 PM UTC

EpicEng wrote: post #41

pabloski wrote: post #39

Earlier quoted context omitted.

Can you cite a government who is not corrupted?

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?

Re: Tencent loses $143B in market value

#69

Post by craigsmansion » Tue, Jul 31, 2018, 10:17 PM UTC

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…

Sometimes I upvote things purely for their literary quality.

I have no knowledge of "Motherload," nor any interest in modern games. But those few lines about your (your character's ?) interaction with it, makes me want to know how this story unfolds.

Re: Tencent loses $143B in market value

#70

Post by phyller » Tue, Jul 31, 2018, 10:31 PM UTC

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…

"The only thing objectively inmoral is imposing one’s own moral standards and viewpoints on others." So the only really moral thing is to a) think that there are no universal moral standards b) universally apply this moral standard of no universal moral standards.

You have a great mind to be able to hold both of these thoughts at once, and be able to sincerely express them both in a single sentence. I assume then that you would not have a problem with an Afghani policeman who recently immigrated to your country raping your kids, because that is morally acceptable in his culture [1]?

[1] https://www.nytimes.com/2018/01/23/world/asia/afghanistan-mi...