7 ms·
Tencent loses $143B in market value
- reustle 8y agoSlightly off topic: I really wish Bloomberg would respect peoples mobile data limits and not auto load video on mobile.
- m-p-3 8y agoI hate autoplaying videos in general.
- ghrifter 8y agoEspecially 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.
- anoncoward111 8y agoShort sighted metrics yield long-term consumer loss :)
- ddeck 8y agoI wish they didn't even have the video to begin with. It's literally someone reading out the first paragraph of the article. Of course the real reason is that it then auto loads the next video letting them push additional content at you.
- chongli 8y agoThis really ought to be handled by the browser vendor. Auto playing video on a mobile browser should be disabled by default.
- Macha 8y agoSome companies work around this by encoding videos as gifs or loading keyframes one by one when playback is not available :(
- atom_arranger 8y agoShould 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.
- coldacid 8y agoI remember that browsers used to actually have an option to not load images. Of course, that was back in the 90s when everyone still used dialup.
- TeMPOraL 8y ago> All these restrictions on mobile browsers make web development a pain. Were web developers not causing so much pain for the users, we wouldn't have this topic in the first place.
- nordsieck 8y ago> 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 think the browser should serve websites' interests over users interests.
- atom_arranger 8y agoThat'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.
- novaRom 8y agoFirefox asks now wether to start playing.
- scarejunba 8y agoBloomberg News is low quality news. Don't read them unless you want to be misinformed. They're copy paste jobs from other low quality news.
- bardworx 8y agoWhat would you recommend, instead?
- scarejunba 8y agoFinancial Times. The WSJ is mostly accurate but you have to watch out for some things (ignore the entire editorial section, for instance).
- fullshark 8y agoThese all sound like healthy corrections to me.
- VonGuard 8y agoLeague of Legends is no longer the world's most popular video game.
- minimaxir 8y agoTencent does a lot more than having a stake in Riot Games.
- superkuh 8y agoYeah, they bought PUBG too. Right after it stopped being popular.
- semperdark 8y agoThey also own 40% of Fortnite.
- gnarcoregrizz 8y agopubg was bound to be a flash in the pan. i don't know how they would be able to fix it short of completely reworking it. 10 minutes of looting, then rip after getting shot from across the map
- VonGuard 8y agoYes, 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.
- scarejunba 8y agoTheir seat is gone. To another game they own nearly half of.
- Kiro 8y ago
- ww520 8y agoSounds like it's opportunity to buy on the dip.
- slyssassa 8y agoThe Chinese stock market drop is due to underlying economic weakness, debts, tariffs, and capital flight. This will run for at least 10 years
- dang 8y agoWe've banned this account for using HN for nationalistic battle. Please don't create accounts to break the site guidelines with. It will eventually get your main account banned as well. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- amaccuish 8y agoYou know their real account? How? (Just interested :))
- princetman 8y agoProbably same IP Address.
- heroprotagonist 8y agoSure, 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.
- chrischen 8y agoThere’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.
- slyssassa 8y agoGood riddance. Tencent is closely associated with the corrupt Chinese government. Better that it fall and cripple the governments effort to censor all
- ghostbrainalpha 8y agoRead the article. Tencent grew 5% this quarter. That is extremely slow growth for them. But if a company this size only grows 20% per year, they are still on the way to becoming a Trillion dollar company.
- pabloski 8y agoCan you cite a government who is not corrupted?
- EpicEng 8y agoIt'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.
- Latteland 8y agoOkay, which countries are directly going to an orwellian system of pervasive monitoring? There is one leader, China. What's number 2?
- EpicEng 8y agoI'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.
- gok 8y ago…since its 52-week high. The headline makes it sound like this all happened today.
- dschn_dstryr 8y agoAnd it's still higher than one year ago.
- singularity2001 8y agoIt's still an impressive amount.
- slivym 8y agoYeah, 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.
- calimac 8y agomakes since since the Chinese economy is imploding on stilts.