Tencent's stock fell as much as 10% after Trump issued a vaguely-worded executive order banning US individuals and companies from doing business with its chat app WeChat.It was initially clear whether the order targeted Tencent's entire business. Tencent has a big presence in gaming, with stakes in Epic Games, Activision/Blizzard, and Ubisoft.
The order, which goes into effect on September 20, prohibits US citizens and companies from carrying out any "transaction" with Tencent-owned chat app WeChat, although the orders were not precise about what counts as a "transaction." The vague wording implied that Tencent's entire business could be impacted, with potentially serious ramifications for the US gaming industry.largest gaming company in the world
Shameful and disgusting politics. Only make US Worse!
My family cussed Herbert Hoover as a child. looks like my sons and grandson will be cussing Trump after I'm dead a gone. We haven't seen nothing yet. The Great Depression in 1930 will look like child's play after Trump and the McConnell Republicans are done.
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