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The Chinese government is cracking down on video games, and other headlines from over the long weekend...
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<a style="color: #000000; font-family: 'Courier New',courier,monospace; font-size: 22px; font-weight: bold; letter-spacing: -1px; line-height: 100%; text-decoration: none;">
The Hustle
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Sponsored by
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<br/>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
We spent the long weekend jet skiing, hiking, and family reunion-ing (reuniting?) and managed to make it back in one piece to type the tale.
</em>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
But, now that we’re back at our screens, we can practically hear our parents telling us to turn off the boob tube and go play outside…
</em>
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<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
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Oh wait, that’s the Chinese government…
</em>
</p>
<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Here are the headlines you missed while you were lost in the BBQ sauce this weekend:
</strong>
</h2>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
China’s video game freeze costs Tencent $1.5B in Q2
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Amid rising concern about kids’ screen time and gaming addiction, Chinese regulators have put a
<a style="color: #ed4d1f; text-decoration: none;">
hold on new video game releases
</a>
since
<em>
March.
</em>
Which may be good for concerned parents…
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But it’s very bad for the gaming industry. China is the world’s largest gaming market, with players
<a style="color: #ed4d1f; text-decoration: none;">
projected to bring in $37.9B in 2018
</a>
.
<em>
The Wall Street Journal
</em>
estimates that the freeze cost China’s largest gaming company, Tencent, $1.5B in Q2 sales alone and $160B in market cap since the beginning of the year.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Facebook is set to bring in $980m in ad revenue in India…
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And they’re hot on Google’s heels.
<em>
Reuters
</em>
reports that, despite being in the country far longer than their digital ad rival, Google only passed the
<a style="color: #ed4d1f; text-decoration: none;">
billion-dollar mark
</a>
in India last year -- and FB is getting a little too close for comfort.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
According to reports, FB’s ad platform is more user-friendly, and the visual nature of its ads means they can transcend the language barrier. In other words, unfortunately for Google, slow and steady may not win the race after all.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Berkshire Hathaway has killed it since last month’s earnings report
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Berky Hathy has been on a bit of a hot streak lately: Only a month since the company’s last earnings report, shares have added about 5.9%, outperforming the S&P 500.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The company had solid results across all segments of the company bringing in Q2 2018 earnings of $6.9B, which puts them at a 67.3% rise year-over-year, and according to
<a style="color: #ed4d1f; text-decoration: none;">
Nasdaq
</a>
, it doesn’t look like it’s gonna slow down anytime soon.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Inflation hits 18% in Turkey
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
WSJ
</em>
reports that annual inflation hit
<a style="color: #ed4d1f; text-decoration: none;">
17.9%
</a>
in Turkey, up from July’s reading of 15.9%. According to the state statistics agency, the inflation culprit is from higher transport and energy costs after the value of the Turkish lira dropped significantly this year.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Now, Turkey’s central bank vows to “take necessary actions,” AKA
<a style="color: #ed4d1f; text-decoration: none;">
raise interest rates
</a>
, to adjust the nation’s monetary stance, despite the worry that it may undermine President Recep Tayyip Erdogan’s demand to keep credit cheap for the Turkish economy.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
At long last, Audi jumps into the electric SUV market
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Yesterday, Audi
<a style="color: #ed4d1f; text-decoration: none;">
launched
</a>
its first all-electric SUV, making good on a concept that was first announced 3 years ago.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Audi, which is owned by scandal-plagued Volkswagen, plans to roll out an entire line of e-vehicles eventually. But the company’s slow progress toward the electric future highlights the difficulty of bringing e-cars to the mass market.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
California lawmakers strike back against the net neutrality repeal
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
California lawmakers
<a style="color: #ed4d1f; text-decoration: none;">
restored
</a>
net-neutrality rules last week after they were repealed at the federal level earlier this year.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Now internet companies will not be able to slow down service or exempt certain sites from data charges, providing the meatiest consumer protections in the US. A representative from AT&T described the bill as “extreme,” but the CA bill will likely lead to similar ones in other states.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Colombian lending startup Portal Finance raises $200m
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Portal Finance, a startup that lends money to small-business owners in Latin America, raised
<a style="color: #ed4d1f; text-decoration: none;">
$200m
</a>
. The Colombia-based company is on a hot streak, having grown its team from 4 to 70 in less than a year.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Portal’s runaway success highlights the resurgence of venture-capital-backed entrepreneurship in Latin America after decades of instability caused by civil war and political upheaval.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Carnival Cruise launches its largest ship ever
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The Carnival Corporation recently threw a party to unveil the firm’s
<a style="color: #ed4d1f; text-decoration: none;">
newest addition
</a>
to their cruiseliner fleet called the AIDAnova, its biggest ship in the company’s history and the 5th largest in the world.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
At 1.1k ft. long, the
<a style="color: #ed4d1f; text-decoration: none;">
$809m mega-vessel
</a>
is able to house up to 6.6k passengers plus 1.5k crew members, and has 17 restaurants, 23 bars, and an entire waterpark -- not to mention the fact that they hired David Guetta to DJ the ship’s christening.
</p>
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Like Titanic, but with house music
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SPONSORED
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<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Online platform
</strong>
<a style="color: #ed4d1f; text-decoration: none;">
<strong>
LegalZoom
</strong>
</a>
<strong>
brings legal clarity to over 4m people
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
You’re not a lawyer, you’re an
<em>
entrepreneur
</em>
. You’re in the business of decision-making, motivating, and course-setting -- not boilerplate text and contracts.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
That’s why
<a style="color: #ed4d1f; text-decoration: none;">
LegalZoom
</a>
exists.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
LegalZoom has been the top online legal platform for over 15 years. They’ve helped over 4 million people manage their legal needs. And they’re on a mission to make the law work for everyone -- including you, Founder.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
It’s time to make your side hustle a legal hustle
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Because when business gets going, you need to protect yourself from liability -- even if you’re still slinging product from your garage.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Whether you want to start an LLC, INC, or DBA -- or you have
<em>
no idea
</em>
what those acronyms mean -- LegalZoom can help. Their self-serve tool makes starting your business a breeze, no lengthy legal meetings necessary.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
However, LegalZoom’s mission is to make the law accessible to all, so if you
<em>
do
</em>
need to talk to a lawyer, their network of rigorously vetted independent attorneys is at your disposal.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<a style="color: #ed4d1f; text-decoration: none;">
Learn
</a>
how LegalZoom can help kick off your next hustle, or keep your current gig on the straight and legal.
</p>
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Protect your hustle →
</a>
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<table>
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Now Playing:
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<strong>
Yellow Eyes, Rayland Baxter
</strong>
</a>
. Dulcet tones about a ramblin’ man to guide you through the post-holiday haze.
</td>
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<!-- END SONG -->
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<td>
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<tr>
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0
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<a style="background: #ff5938; border-radius: 3px; color: #ffffff; font-size: 12px; padding: 12px 10px; text-decoration: none;">
SHARE THE HUSTLE
</a>
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REFERRALS
</td>
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//ambassadors.thehustle.co/?ref=950fce10a7
</a>
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<tr>
<td align="center" bgcolor="#ffffff" colspan="2" style="background: #ffffff; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 3px; color: #000000; padding-bottom: 10px; text-align: center; width: 100%;">
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px; line-height: 100%;">
YOUR UNIQUE URL
</span>
</td>
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</td>
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<tr id="credits">
<td>
<table style="width: 100%;">
<tbody>
<tr>
<td colspan="2" style="padding-top: 20px;">
<table style="text-align: center; width: 100%;">
<tr>
<td align="center" style="display: inline-block; font-family: 'Courier New',courier,monospace; font-size: 13px; font-weight: bold; line-height: 120%; min-width: 130px; padding: 5px; text-align: center;">
<a style="color: #ed4d1f; text-decoration: none;">
<img alt="Zack Crockett" src="https://inboxflows.com/_/image/https%253A%252F%252Fs3-us-west-1.amazonaws.com%252Fthdaily%252Ffooter_zack.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzMy11cy13ZXN0LSJ9:1kXPBR:SjJ12JqCLaoTYPQuXrrJW_Esg6IaGCKh3AZQ95kWkag" style="padding-bottom: 10px; width: 60px;"/>
</a>
<br/>
Zack Crockett
<br/>
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
NEWS WRITER
</span>
</td>
<td align="center" style="display: inline-block; font-family: 'Courier New',courier,monospace; font-size: 13px; font-weight: bold; line-height: 120%; min-width: 130px; padding: 5px; text-align: center;">
<a style="color: #ed4d1f; text-decoration: none;">
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</a>
<br/>
Wes Schlagenhauf
<br/>
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
NEWS WRITER
</span>
</td>
<td align="center" style="display: inline-block; font-family: 'Courier New',courier,monospace; font-size: 13px; font-weight: bold; line-height: 120%; min-width: 130px; padding: 5px; text-align: center;">
<img alt="Conor Grant" src="https://inboxflows.com/_/image/https%253A%252F%252Fs3-us-west-1.amazonaws.com%252Fthdaily%252Fconor_grant.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzMy11cy13ZXN0LSJ9:1kXPBR:SjJ12JqCLaoTYPQuXrrJW_Esg6IaGCKh3AZQ95kWkag" style="padding-bottom: 10px; width: 60px;"/>
<br/>
Conor Grant
<br/>
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
NEWS WRITER
</span>
</td>
<td align="center" style="display: inline-block; font-family: 'Courier New',courier,monospace; font-size: 13px; font-weight: bold; line-height: 120%; min-width: 130px; padding: 5px; text-align: center;">
<a style="color: #ed4d1f; text-decoration: none;">
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</a>
<br/>
Kolby Hatch
<br/>
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
AD WRITER
</span>
</td>
</tr>
</table>
</td>
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<tr style="line-height: 120%;">
<td align="center" style="font-family: 'Courier New',courier,monospace; font-size: 16px; font-weight: bold; line-height: 120%; padding: 20px 0; text-align: center; width: 50%;">
<a style="color: #000000; text-decoration: none;">
Lindsey “Have we learned nothing from the Titanic?” Quinn
</a>
<br/>
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
MANAGING EDITOR
</span>
</td>
<td align="center" style="font-family: 'Courier New',courier,monospace; font-size: 16px; font-weight: bold; line-height: 100%; padding: 20px 0; text-align: center; width: 50%;">
Mahamadan Ptolemy
<br/>
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px; text-transform: uppercase;">
Blues Coordinator
</span>
</td>
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JOBS
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ADVERTISE
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EVENTS
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<td align="center" style="display: inline-block; padding: 5px 0; text-align: center;">
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SHOP
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7 years ago - news@thehustle.co
The Chinese government is cracking down on video games, and other headlines from over the long we...