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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
TikTok threatens to sue Trump administration over executive order - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. SAI tell TikTok to F-Off , The American Economy is in Ruins Plus the Deaths of people because of a Covid spread from either China / Europe , & while everyone is in a $Hit Storm TikTok prances like a parade , Fawk TikTok F- everyone thats working for that crooked A$$ company . Yet another step toward totalitarianism... chenweihua Very happy funeral Mr. President realDonaldTrump keep 'em good funerals of Chinese snooping Apps and companies coming. They threatened to sue India too However, to no avail. lol
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picking advice from market-beating, $72 billion Harding Loevner - Business InsiderHarding Loevner's global stock fund has trounced the market for over 30 years. Here's an inside look at the simple 4-part stock-picking criteria that helped the firm balloon to $72 billion.
Source: BusinessInsider - 🏆 729. / 51 Read more »
AT&T lays off people in its consumer marketing unit - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I hope they were the ones doing GEICO, Liberty Mutual, and all pharma ads on TV.
Source: BusinessInsider - 🏆 729. / 51 Read more »