Shares of Tencent Holdings Ltd. plunged as much as 10% on Friday, hours after President Trump signed an executive order that would bar U.S. entities from transacting with the Chinese internet giant and its popular social-media app, WeChat.
Tencent’s shares, which are listed in Hong Kong, started tumbling when the market opened and were down 6.8% by noon after paring earlier losses. The benchmark Hang Seng Index, which the stock is a large constituent of, was down 2.3%.
Tencent cash flows are so China-centric, Trumps order and the stock drawdown doesn’t stack up
Trump is a monster, but I can't argue with this. Tencent is the CCP is societal poison.
Now check who in his administration shorted it
Oh well... can we at least still use QQ if WeChat gets banned?
New steward who will be working Churchill this fall meet.
If I remember correctly, they owned 5% of Tesla!? There is no reason needed this time for the ban!?
bout time to start callin it 9cent
In a couple of weeks, we‘ll hear about large amounts of short trades right before the EO.
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BREAKING: Anderson Cooper just DESTROYED Trump's petulant complaining for not getting 'CREDIT' for his bungling of the coronavirus outbreak. Children whine less than our President!
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Does Trump Kind of Have a Point About TikTok?Banning the silly social media app may seem drastic. But TikTok poses a real threat.
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Trump signs executive order giving Chinese owner ByteDance 45 days to sell TikTokPresident Trump has signed an executive order giving ByteDance, the Chinese company that owns TikTok, 45 days to sell the video sharing app before it's banned in the country. All because of the rally that kids protested. What a child Trump is. Putin loves this fascist move to silence people. Users of TikTok need to vote Trump out Nov 3rd. Spread the word on TikTok TikTokVoteBiden Took too long. Sell to who?
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