Elon Musk told this Reddit user they ‘should interview at Tesla’ — here’s why

Wednesday, billionaire tech titan Elon Musk told a Reddit user they “should interview at Tesla” based on a post the redditor wrote about the electric car-maker’s autopilot system. Reddit user “greentheonly” posted a pretty technical analysis of upcoming hardware and software updates to Tesla’s autopilot technology back in January. Then on Tuesday — after Tesla tweeted a list of the self-driving hardware now being built into its cars — someone shared a link to the Reddit post, tagging Tesla and E


Wednesday, billionaire tech titan Elon Musk told a Reddit user they “should interview at Tesla” based on a post the redditor wrote about the electric car-maker’s autopilot system. Reddit user “greentheonly” posted a pretty technical analysis of upcoming hardware and software updates to Tesla’s autopilot technology back in January. Then on Tuesday — after Tesla tweeted a list of the self-driving hardware now being built into its cars — someone shared a link to the Reddit post, tagging Tesla and E
Elon Musk told this Reddit user they ‘should interview at Tesla’ — here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: catherine clifford, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, reddit, told, user, musk, work, analysis, tesla, elon, theres, heres, wrote, interview


Elon Musk told this Reddit user they 'should interview at Tesla' — here's why

Wednesday, billionaire tech titan Elon Musk told a Reddit user they “should interview at Tesla” based on a post the redditor wrote about the electric car-maker’s autopilot system.

Reddit user “greentheonly” posted a pretty technical analysis of upcoming hardware and software updates to Tesla’s autopilot technology back in January. (Greentheonly included things like “program operations are pipelined with data loads and computations interleaved and weight fetching happening well upstream from the instructions that actually use those weights.”)

Then on Tuesday — after Tesla tweeted a list of the self-driving hardware now being built into its cars — someone shared a link to the Reddit post, tagging Tesla and Elon Musk.

Musk saw the analysis and responded, tweeting it was “mostly correct” and calling Reddit “hardcore.”

Musk then said whoever wrote the analysis should interview for a job at Tesla.

Neither the author of the Reddit analysis or Tesla immediately responded to CNBC Make It’s request for comment.

Even if Musk doesn’t personally invite you to apply to work at Tesla, the company does have guidelines for what makes a successful applicant: love the mission; demonstrate you’re innovative, driven, collaborative and trustworthy; and be ready to demonstrate your skills, not just talk about them — like the Redditor did.

“We are big believers in showing us what you can do, versus telling us what you can do,” Cindy Nicola, Tesla’s then head of global recruiting, told CNBC Make It in 2018. “So for example, if you were an engineering candidate and you were coming in, there might be some coding test or some problem solving that we would do on a whiteboard.”

“We are extremely mission-driven. There’s a lot of energy in the world around what we’re trying to do. We have really tough problems to solve, so I think people want to be a part of that,” Nicola said. “There’s not many companies that you can work at today where there’s really a direct impact between the work you do and changing the world.”

See also:

How to land a job at Tesla

Tesla cuts 7% of its workforce, and Elon Musk sees a ‘very difficult’ road ahead as investors hammer the stock

President of SpaceX: This is what it’s like working for Elon Musk

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Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: catherine clifford, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, reddit, told, user, musk, work, analysis, tesla, elon, theres, heres, wrote, interview


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The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place. Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment. “I think they’


The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place. Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment. “I think they’
The US is attacking Huawei and China — without its own 5G strategy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: elizabeth schulze, omar marques, sopa images, lightrocket, getty images, qilai shen, bloomberg
Keywords: news, cnbc, companies, china, america, theyve, race, networks, strategy, worlds, attacking, trump, 5g, huawei


The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place.

Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment.

“I think they’ve been rather leaden-footed in the way they’ve responded,” Nigel Inkster, a former British intelligence official and senior advisor at the International Institute for Strategic Studies, told CNBC’s Beyond the Valley. “Firstly by lacking an explicit, government-articulated strategy in relation to 5G which is only now starting to emerge, but also in arguing or shaping the challenge from China and from Huawei solely as an espionage issue.”


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: elizabeth schulze, omar marques, sopa images, lightrocket, getty images, qilai shen, bloomberg
Keywords: news, cnbc, companies, china, america, theyve, race, networks, strategy, worlds, attacking, trump, 5g, huawei


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The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place. Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment. “I think they’


The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place. Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment. “I think they’
The US is attacking Huawei and China — without its own 5G strategy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: elizabeth schulze, omar marques, sopa images, lightrocket, getty images, qilai shen, bloomberg
Keywords: news, cnbc, companies, networks, 5g, china, worlds, race, america, attacking, trump, strategy, theyve, huawei


The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place.

Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment.

“I think they’ve been rather leaden-footed in the way they’ve responded,” Nigel Inkster, a former British intelligence official and senior advisor at the International Institute for Strategic Studies, told CNBC’s Beyond the Valley. “Firstly by lacking an explicit, government-articulated strategy in relation to 5G which is only now starting to emerge, but also in arguing or shaping the challenge from China and from Huawei solely as an espionage issue.”


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: elizabeth schulze, omar marques, sopa images, lightrocket, getty images, qilai shen, bloomberg
Keywords: news, cnbc, companies, networks, 5g, china, worlds, race, america, attacking, trump, strategy, theyve, huawei


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Elon Musk: Self-driving Teslas are going to make their owners money by competing with Uber, Lyft

Elon Musk says Tesla vehicles one day make money for their owners by autonomously transporting people when their owners are not using them — like a driverless Uber or Lyft ride. All Tesla vehicles are built with the hardware capable of “full self-driving capabilities,” says the website. It will be both more practical and appealing to access autonomous vehicles when they are part of Lyft’s networked fleet.” “[W]e are absolutely committed to self-driving cars,” Uber CEO Dara Khosrowshahi told Sava


Elon Musk says Tesla vehicles one day make money for their owners by autonomously transporting people when their owners are not using them — like a driverless Uber or Lyft ride. All Tesla vehicles are built with the hardware capable of “full self-driving capabilities,” says the website. It will be both more practical and appealing to access autonomous vehicles when they are part of Lyft’s networked fleet.” “[W]e are absolutely committed to self-driving cars,” Uber CEO Dara Khosrowshahi told Sava
Elon Musk: Self-driving Teslas are going to make their owners money by competing with Uber, Lyft Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: catherine clifford, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, elon, uber, owners, autonomous, software, going, ceo, lyft, car, vehicles, teslas, money, tesla, selfdriving, musk, competing


Elon Musk: Self-driving Teslas are going to make their owners money by competing with Uber, Lyft

Elon Musk says Tesla vehicles one day make money for their owners by autonomously transporting people when their owners are not using them — like a driverless Uber or Lyft ride.

Teslas already have the hardware they would need built in.

For example, there’s a small camera above the rear view mirror of Teslas meant to eventually give users a way to watch what happens inside their car when they are not in it.

It’s “there for when we start competing with Uber/Lyft & people allow their car to earn money for them as part of the Tesla shared autonomy fleet. In case someone messes up your car, you can check the video,” Musk Tweeted Thursday.

“It’s hard to wrap my head around a future where my car might be earning me money through autonomous driving while I’m asleep in my bed or play video games but here we are,” German professional e-sports player Marcel “Dexter” Feldkamp tweeted back.

That reality is “…just a matter of finishing the software & going through regulatory approval,” Musk tweeted.

And eventually, “Instead of someone needing to drive their car personally, they can manage a fleet of self-driving cars,” Musk says.

Currently, Tesla has autopilot function which includes following features: “match speed to traffic conditions, keep within a lane, automatically change lanes without requiring driver input, transition from one freeway to another, exit the freeway when your destination is near, self-park when near a parking spot and be summoned to and from your garage,” according to the Tesla website. However, the autopilot features require the driver to be actively supervising the car.

All Tesla vehicles are built with the hardware capable of “full self-driving capabilities,” says the website. The hardware, however, is not useful until it has been activated with appropriate software updates. And Tesla will not be able to activate such software until “billions of miles of experience” have proven the features to be safer than humans and regulatory approval has been received, according to the site.

When the self-driving software is fully deployed, Tesla claims users will be able to get in the car and tell it where you need to go.

“Your Tesla will figure out the optimal route, navigate urban streets (even without lane markings), manage complex intersections with traffic lights, stop signs and roundabouts, and handle densely packed freeways with cars moving at high speed. When you arrive at your destination, simply step out at the entrance and your car will enter park seek mode, automatically search for a spot and park itself. A tap on your phone summons it back to you,” Tesla says on its website.

Musk also mentioned the Uber-like business model during Tesla’s third-quarter earnings conference call in October: “Tesla will operate its own ride-hailing services and compete directly with Uber and Lyft, obviously,” he said, according to CNBC.

Lyft, which went public in March, is already actively involved in autonomous car technology.

In August, Lyft said it had completed more than 5,000 self-driving rides through its app. By January, that number had climbed north of 30,000. The autonomous driving system used for these first 5,000 rides was not built by Lyft, but by the auto-parts supplier Aptiv Plc with which it partnered, according to Reuters. In October, Lyft acquired the London-based augmented reality startup Blue Vision Labs to advance its self-driving ambitions, TechCrunch says.

When reached for comment, a spokesperson for Lyft pointed CNBC Make It to Lyft co-founder and President John Zimmer’s 2016 Medium post: “Elon is right that a network of vehicles is critical, but the transition to an autonomous future will not occur primarily through individually owned cars. It will be both more practical and appealing to access autonomous vehicles when they are part of Lyft’s networked fleet.”

Tesla and Uber did not immediately respond to CNBC Make It’s request for comment.

However, about a year ago, Uber’s CEO Dara Khosrowshahi confirmed the companies interest in self-driving technology. “[W]e are absolutely committed to self-driving cars,” Uber CEO Dara Khosrowshahi told Savannah Guthrie, co-host of NBC’s “The Today Show,” during an interview which aired in April 2018. “This is an important technology,” Khosrowshahi said.

See also:

Tesla ‘obviously’ plans to take on Uber and Lyft, says CEO Elon Musk

Uber’s CEO: ‘We are absolutely committed to self-driving cars’

This 23-year-old founded a company with self-driving car tech that’s giving Tesla some competition


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: catherine clifford, qilai shen, bloomberg, getty images
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McDonald’s $300 million deal: A brilliant move for A.I. and fast food

A key area for McDonald’s will be leveraging its new A.I. capabilities to expand in the rapidly growing segment of food delivery, which has become a necessity for restaurants that want to keep their existing customers. Consumers today expect to get food from their favorite restaurants in a number of ways, including ordering ahead and delivery to home and office. on its mobile app, McDonald’s could see bigger orders, increased demand for delivery, and greater margin. “Technology is a critical ele


A key area for McDonald’s will be leveraging its new A.I. capabilities to expand in the rapidly growing segment of food delivery, which has become a necessity for restaurants that want to keep their existing customers. Consumers today expect to get food from their favorite restaurants in a number of ways, including ordering ahead and delivery to home and office. on its mobile app, McDonald’s could see bigger orders, increased demand for delivery, and greater margin. “Technology is a critical ele
McDonald’s $300 million deal: A brilliant move for A.I. and fast food Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: joel shapiro, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, million, brilliant, food, youtubedont, delivery, 300, fast, velocity, ai, university, restaurants, deal, ways, school, mcdonalds


McDonald's $300 million deal: A brilliant move for A.I. and fast food

A key area for McDonald’s will be leveraging its new A.I. capabilities to expand in the rapidly growing segment of food delivery, which has become a necessity for restaurants that want to keep their existing customers.

Consumers today expect to get food from their favorite restaurants in a number of ways, including ordering ahead and delivery to home and office. With the power of A.I. on its mobile app, McDonald’s could see bigger orders, increased demand for delivery, and greater margin.

“Technology is a critical element of our Velocity Growth Plan,” McDonald’s CEO Steve Easterbrook said in a statement. The only question that remains is, how many jobs will be lost due to the advanced technology?

Joel Shapiro is a clinical associate professor at the Kellogg School of Management at Northwestern University and an academic director of Executive Education. He holds a PhD in policy analysis from the Pardee RAND Graduate School in Santa Monica, CA. Follow him on LinkedIn here.

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Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: joel shapiro, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, million, brilliant, food, youtubedont, delivery, 300, fast, velocity, ai, university, restaurants, deal, ways, school, mcdonalds


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McDonald’s $300 million deal: A brilliant move for A.I. and fast food

A key area for McDonald’s will be leveraging its new A.I. capabilities to expand in the rapidly growing segment of food delivery, which has become a necessity for restaurants that want to keep their existing customers. Consumers today expect to get food from their favorite restaurants in a number of ways, including ordering ahead and delivery to home and office. on its mobile app, McDonald’s could see bigger orders, increased demand for delivery, and greater margin. “Technology is a critical ele


A key area for McDonald’s will be leveraging its new A.I. capabilities to expand in the rapidly growing segment of food delivery, which has become a necessity for restaurants that want to keep their existing customers. Consumers today expect to get food from their favorite restaurants in a number of ways, including ordering ahead and delivery to home and office. on its mobile app, McDonald’s could see bigger orders, increased demand for delivery, and greater margin. “Technology is a critical ele
McDonald’s $300 million deal: A brilliant move for A.I. and fast food Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: joel shapiro, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, million, brilliant, food, youtubedont, delivery, 300, fast, velocity, ai, university, restaurants, deal, ways, school, mcdonalds


McDonald's $300 million deal: A brilliant move for A.I. and fast food

A key area for McDonald’s will be leveraging its new A.I. capabilities to expand in the rapidly growing segment of food delivery, which has become a necessity for restaurants that want to keep their existing customers.

Consumers today expect to get food from their favorite restaurants in a number of ways, including ordering ahead and delivery to home and office. With the power of A.I. on its mobile app, McDonald’s could see bigger orders, increased demand for delivery, and greater margin.

“Technology is a critical element of our Velocity Growth Plan,” McDonald’s CEO Steve Easterbrook said in a statement. The only question that remains is, how many jobs will be lost due to the advanced technology?

Joel Shapiro is a clinical associate professor at the Kellogg School of Management at Northwestern University and an academic director of Executive Education. He holds a PhD in policy analysis from the Pardee RAND Graduate School in Santa Monica, CA. Follow him on LinkedIn here.

Like this story? Subscribe to CNBC Make It on YouTube!

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Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: joel shapiro, qilai shen, bloomberg, getty images
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The 10 tech companies providing the best workplace experience, according to Indeed

Lucrative tech jobs often come with intense hours and a non-stop work culture that leaves little to no room for anything else. To offset that pressure, many tech companies provide extra perks and benefits. Job site Indeed recently analyzed over 100 million ratings and reviews on its platform to compile a list of the top 10 tech companies that provide the best overall experience for their employees. While the social media platform has recently faced a lot of controversy, employees still praise th


Lucrative tech jobs often come with intense hours and a non-stop work culture that leaves little to no room for anything else. To offset that pressure, many tech companies provide extra perks and benefits. Job site Indeed recently analyzed over 100 million ratings and reviews on its platform to compile a list of the top 10 tech companies that provide the best overall experience for their employees. While the social media platform has recently faced a lot of controversy, employees still praise th
The 10 tech companies providing the best workplace experience, according to Indeed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: courtney connley, qilai shen, getty images, justin sullivan, bloomberg, patrick t fallon, adam jeffery, noah berger, smith collection gado getty images, martin bureau
Keywords: news, cnbc, companies, providing, best, experience, workplaces, according, recently, provide, platform, companies, benefits, tech, work, list, workplace


The 10 tech companies providing the best workplace experience, according to Indeed

Lucrative tech jobs often come with intense hours and a non-stop work culture that leaves little to no room for anything else.

To offset that pressure, many tech companies provide extra perks and benefits. Job site Indeed recently analyzed over 100 million ratings and reviews on its platform to compile a list of the top 10 tech companies that provide the best overall experience for their employees.

Topping the list this year is Facebook, which moved up two spots from last year. While the social media platform has recently faced a lot of controversy, employees still praise the company for its work environment and benefits. In fact, even interns report being well taken care of, as they are provided with free housing during their internships.

Take a look below to see which other leading companies rounded out the top 10 list for best workplaces in tech:


Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: courtney connley, qilai shen, getty images, justin sullivan, bloomberg, patrick t fallon, adam jeffery, noah berger, smith collection gado getty images, martin bureau
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Tesla steps into hottest auto segment with Model Y debut Thursday

Tesla is about to dive into one of the hottest segments in the automotive market with the long-awaited debut of its Model Y crossover utility vehicle at its design studio in Los Angeles on Thursday night. The Model 3 is Tesla’s first foray into vehicles priced well below the company’s high-end Model S sedan, with a base price of $69,250, and Model X SUV, which starts at around $78,450. The Model Y, which will be unveiled at 11 p.m. EDT, is expected to be a more affordable alternative to its Mode


Tesla is about to dive into one of the hottest segments in the automotive market with the long-awaited debut of its Model Y crossover utility vehicle at its design studio in Los Angeles on Thursday night. The Model 3 is Tesla’s first foray into vehicles priced well below the company’s high-end Model S sedan, with a base price of $69,250, and Model X SUV, which starts at around $78,450. The Model Y, which will be unveiled at 11 p.m. EDT, is expected to be a more affordable alternative to its Mode
Tesla steps into hottest auto segment with Model Y debut Thursday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: robert ferris, source, qilai shen, bloomberg, getty images, stephen lam, mason trinca, the washington post, drew angerer
Keywords: news, cnbc, companies, vehicle, steps, tesla, crossover, debut, auto, model, vehicles, popular, segment, hottest, market


Tesla steps into hottest auto segment with Model Y debut Thursday

Tesla is about to dive into one of the hottest segments in the automotive market with the long-awaited debut of its Model Y crossover utility vehicle at its design studio in Los Angeles on Thursday night.

CEO Elon Musk has talked about releasing a crossover for years, but he’s kept the electric car maker tightly focused on ramping up production and distribution of its popular Model 3 premium sedan for the mass market. The Model 3 is Tesla’s first foray into vehicles priced well below the company’s high-end Model S sedan, with a base price of $69,250, and Model X SUV, which starts at around $78,450.

The Model Y, which will be unveiled at 11 p.m. EDT, is expected to be a more affordable alternative to its Model X and the company’s first entrance into the hot cross over market. The crossover is expected to be about 10 percent bigger than the Model 3, cost about 10 percent more, and will have slightly less range with the same size battery, Musk said in a March 3 tweet. Many investors and industry analysts say Tesla cannot enter the segment soon enough.

“Light trucks are just so popular in the United States, making up roughly 70 percent of vehicles sold every month,” said Morningstar analyst Dave Whiston. “Crossovers, in particular, are the most popular segment, at nearly 40 percent of new vehicle sales. So to have a more affordable crossover relative to the Model X should be a positive for Tesla.”


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: robert ferris, source, qilai shen, bloomberg, getty images, stephen lam, mason trinca, the washington post, drew angerer
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Tencent shares slowly recover this year after taking a hit in 2018

Tencent had a tough 2018. Over $127 billion was wiped off the value of its shares as Chinese regulators clamped down on the video gaming industry, hitting one of the company’s main businesses. Shares of Tencent hit a more-than six-month high last week and are more than 10 percent higher so far this year. Beijing restarted approvals for video games in December after a nearly year-long hiatus. That, along with strong performances from Tencent’s big name titles and new entrants, has helped boost sh


Tencent had a tough 2018. Over $127 billion was wiped off the value of its shares as Chinese regulators clamped down on the video gaming industry, hitting one of the company’s main businesses. Shares of Tencent hit a more-than six-month high last week and are more than 10 percent higher so far this year. Beijing restarted approvals for video games in December after a nearly year-long hiatus. That, along with strong performances from Tencent’s big name titles and new entrants, has helped boost sh
Tencent shares slowly recover this year after taking a hit in 2018 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: arjun kharpal, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, yearlong, value, 2018, wiped, video, chinese, week, shares, tencent, yearbeijing, valuable, slowly, taking, hit, recover


Tencent shares slowly recover this year after taking a hit in 2018

Tencent had a tough 2018.

Over $127 billion was wiped off the value of its shares as Chinese regulators clamped down on the video gaming industry, hitting one of the company’s main businesses. This year, however, is looking up for Asia’s most valuable technology firm.

Shares of Tencent hit a more-than six-month high last week and are more than 10 percent higher so far this year.

Beijing restarted approvals for video games in December after a nearly year-long hiatus. That, along with strong performances from Tencent’s big name titles and new entrants, has helped boost shares of the Chinese internet giant.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: arjun kharpal, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, yearlong, value, 2018, wiped, video, chinese, week, shares, tencent, yearbeijing, valuable, slowly, taking, hit, recover


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Tencent shares slowly recover this year after taking a hit in 2018

Tencent had a tough 2018. Over $127 billion was wiped off the value of its shares as Chinese regulators clamped down on the video gaming industry, hitting one of the company’s main businesses. Shares of Tencent hit a more-than six-month high last week and are more than 10 percent higher so far this year. Beijing restarted approvals for video games in December after a nearly year-long hiatus. That, along with strong performances from Tencent’s big name titles and new entrants, has helped boost sh


Tencent had a tough 2018. Over $127 billion was wiped off the value of its shares as Chinese regulators clamped down on the video gaming industry, hitting one of the company’s main businesses. Shares of Tencent hit a more-than six-month high last week and are more than 10 percent higher so far this year. Beijing restarted approvals for video games in December after a nearly year-long hiatus. That, along with strong performances from Tencent’s big name titles and new entrants, has helped boost sh
Tencent shares slowly recover this year after taking a hit in 2018 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: arjun kharpal, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, recover, chinese, tencent, taking, 2018, video, hit, wiped, yearlong, yearbeijing, valuable, week, value, slowly, shares


Tencent shares slowly recover this year after taking a hit in 2018

Tencent had a tough 2018.

Over $127 billion was wiped off the value of its shares as Chinese regulators clamped down on the video gaming industry, hitting one of the company’s main businesses. This year, however, is looking up for Asia’s most valuable technology firm.

Shares of Tencent hit a more-than six-month high last week and are more than 10 percent higher so far this year.

Beijing restarted approvals for video games in December after a nearly year-long hiatus. That, along with strong performances from Tencent’s big name titles and new entrants, has helped boost shares of the Chinese internet giant.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: arjun kharpal, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, recover, chinese, tencent, taking, 2018, video, hit, wiped, yearlong, yearbeijing, valuable, week, value, slowly, shares


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