4 ms·
The way the article is written makes it clear that it's talking about market capitalization (since the first sentence mentions the Hong Kong stock exchange). W
by arkem 9y ago
The way the article is written makes it clear that it's talking about market capitalization (since the first sentence mentions the Hong Kong stock exchange).
When talking about public companies it is accepted practice to shorthand market cap movement as "gains" or "losses" and the way this is generally disambiguated from earnings is through a reference to the exchange or a particular earnings report.
- zeusk 9y ago> Chinese media and technology giant Tencent suffered a dramatic loss of $14 billion on the Hong Kong stock exchange Should've been shares or shareholders of Tencent; public companies rarely hold significant stock of their own on the balance sheets in comparison to public float. It wasn't Tencent that suffered the loss but the shareholders. Mentioning the stock exchange makes no clarification whatsoever, could've been a follow on offering that lost $14B due to investor concerns or a corporate debt/bond issuance that went awry. No it isn't. Would love some citation on that.