from the how-much-would-$500b-in-dimes-weigh? dept.
Tencent's $292 Billion Rally Ousts Facebook From Global Top Five
Tencent Holdings Ltd. has surpassed Facebook Inc. in market value, becoming the first Chinese technology company to join the ranks of the world's five largest corporations.
Investors piled into the Chinese social networking giant, extending this year's rally to 127 percent and boosting its market value by some $292 billion as of Tuesday's close. That year-long surge has made founder Ma Huateng the mainland's second-richest man and lifted the entire Hong Kong bourse. The operator of the ubiquitous WeChat messaging service is now valued at $523 billion, a whisker above Facebook's $522 billion on Monday.
Investors are betting that Tencent can lean on its billion-plus users and hit games like Honour of Kings to evolve into an advertising and entertainment titan along the lines of a Google or Facebook. Created almost two decades ago as a web portal before morphing into one of the world's biggest purveyors of video games, the argument is that its dominance of Chinese social networking also bankrolls an expansion into newer markets from video streaming to finance.
Also at TechCrunch.
(Score: 3, Funny) by Ethanol-fueled on Wednesday November 22 2017, @02:55AM (3 children)
Ah, I see they are adapting, like every other idea we did first, the CIA model of "organic" startups masquerading as data collectors and leveraging average Joe's vanity and razor-thin attention span against them.
(Score: 1, Offtopic) by MichaelDavidCrawford on Wednesday November 22 2017, @05:23AM (2 children)
# I Am Absolutely Serious
Yes I Have No Bananas. [gofundme.com]
(Score: 0, Offtopic) by Ethanol-fueled on Wednesday November 22 2017, @05:37AM (1 child)
Hell yeah...the marriage of fFgaro!
(Score: 0, Offtopic) by Ethanol-fueled on Wednesday November 22 2017, @05:38AM
https://www.youtube.com/watch?v=x8OHbbmfnW8 [youtube.com]
(Score: 2) by MichaelDavidCrawford on Wednesday November 22 2017, @05:22AM (1 child)
I can't be bothered to google its name. Please do it upon my behalf.
It makes its money by selling physical products that get advertised online. The products are sold in brick-and-mortar stores, I don't think they're sold online.
It's popular outside the US, and I expect outside China as well.
Yes I Have No Bananas. [gofundme.com]
(Score: 2) by takyon on Wednesday November 22 2017, @06:50AM
The biggest social networks in Japan are Twitter, Facebook, Instagram, and the Line messaging app. Maybe you were thinking of Line's virtual (not physical) stickers.
http://www.humblebunny.com/japans-top-social-media-networks-2017/ [humblebunny.com]
https://en.wikipedia.org/wiki/Line_(software) [wikipedia.org]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 0) by Anonymous Coward on Wednesday November 22 2017, @01:45PM
So facebook is worth less than ten cent? :-)
(Score: 3, Funny) by realDonaldTrump on Wednesday November 22 2017, @02:32PM
The Chinese built a wall around their cyber. It protected their companies. Good for them!
(Score: 2) by Azuma Hazuki on Wednesday November 22 2017, @05:08PM
The weight of a US dime is 2.268 grams, so 2.92 trillion of them (292 billion dollars x 10 dimes to the dollar) weigh 6.62256e12 g, or 6.2256 Tg, which i believe is 6.2256 *million* metric tons. That is a shitload of metal. I don't think the US mint even *has* enough of whatever base alloy dimes are made of to produce that many of them.
Even the US $100 bill, which I'm told weighs about one gram, would make an unreasonably large stack here. 2.92 billion grams is still almost 3000 metric tons if I got this right.
I am "that girl" your mother warned you about...