The article doesn't seem to be well researched or written.
For one, when a company's shares fall in value - the company's finances have little effect apart from increased cost of capital raised in future through equity.
For one, when a company's shares fall in value - the company's finances have little effect apart from increased cost of capital raised in future through equity.
When talking about public companies it is accepted practice to shorthand market cap movement as "gains" or "losses" and the way this is generally disambiguated from earnings is through a reference to the exchange or a particular earnings report.
Should've been shares or shareholders of Tencent; public companies rarely hold significant stock of their own on the balance sheets in comparison to public float. It wasn't Tencent that suffered the loss but the shareholders.
Mentioning the stock exchange makes no clarification whatsoever, could've been a follow on offering that lost $14B due to investor concerns or a corporate debt/bond issuance that went awry.
No it isn't. Would love some citation on that.