BREAKING: China has forbidden under-18s from playing video games for more than three hours a week The government described it as a ‘spiritual opium’ www.reuters.com/world/china/china-rolls-out-new-rules-minors-online-gaming-xinhua-2021-08-30/
I was quoted in this @FinancialTimes article on the new regulations that limit the amount of time that minors (under 18s) in China can play games each week. "Daniel Ahmad, a gaming analyst at Niko Partners, said it was an “extremely restrictive policy”." www.ft.com/content/ade15372-a3f6-4b60-807a-06a4fde919dd
China have BANNED anyone under 18 from playing video games for more than 3 hours per week… 🤯 pic.twitter.com/mXVr2OhmTK
I'm worried about the impact of online games. But I'm even more worried about this level of state control: "Online gamers under 18 will only be allowed to play for an hour on Fridays, weekends, & holidays, China's video game regulator [sic] has said." www.bbc.com/news/technology-58384457
30 August, 2021 - 02:50pm
30 August, 2021 - 02:14am
Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.
Check out what's clicking on FoxBusiness.com.
John Paulson, the hedge fund billionaire who made a fortune in 2008 when he shorted the housing bubble, said in an interview published Sunday that he believes cryptocurrencies will eventually go bust.
The 65-year-old told "Bloomberg Wealth with David Rubenstein" that he wouldn't recommend the investment to anyone. He said there is a cryptocurrency bubble that will "eventually prove to be worthless."
"I would describe them as a limited supply of nothing," he said. "So to the extent there’s more demand than the limited supply, the price would go up. But to the extent the demand falls, then the price would go down. There’s no intrinsic value to any of the cryptocurrencies except that there’s a limited amount."
The Bloomberg report pointed out that Paulson is a big believer—and buyer-- of gold despite digital assets outperforming the metal.
Digital currencies, like Bitcoin, have been left largely unregulated by major governments up to this point.
The Wall Street Journal reported in July that Paulson announced that he will convert his hedge fund into a private investment firm after experiencing some declines. The Bloomberg report called his results after the famous short "mixed."