> No jobs are or will be lost, and very little utility is lost, except being able to sign up for 1-2 weeks.

Contrast that with the quote from the article:

"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%."

The stock price may not correlate with short-term budgets, but it absolutely has an impact on long-term budgets. So what the investors will be asking themselves now is: "Is this disruption just a short blip on the radar, or did we just witness a long-term change of the Big Tech landscape in China?" Getting on the shit list of the Chinese government sounds like a long-term problem to me.