Thursday, September 16, 2021

As China expands its crackdown, Tencent loses its place among the world's 10 largest companies by market value, leaving no Chinese companies on the list (Ishika Mookerjee/Bloomberg)

Ishika Mookerjee / Bloomberg:
As China expands its crackdown, Tencent loses its place among the world's 10 largest companies by market value, leaving no Chinese companies on the list  —  - Firm's value has shrunk $388 billion amid tech crackdown  — Chinese stocks drop off league table for first time since 2017



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IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates (CNBC)

CNBC : IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 re...