[Hammock Parties]

i am so ****ed!!!

https://www.barrons.com/articles/chi...of2&yptr=yahoo

The weaker outlook for iQiyi (IQ), Baidu’s majority-holding video-streaming subsidiary, was one of the factors contributing to the lowered expectations for Baidu. There has been a delay in the launch of some broadcasting content due to increased regulatory scrutiny from the government, which could result in lower-than-expected growth in iQiyi’s paid subscribers and thus membership revenue in the second half of 2019. Chung lowered his price target for iQiyi, which is listed separately on the Nasdaq, to $19 from $21. The stock currently trades at about $17 per share.

Another headwind for Baidu is the continuously low demand for online advertising in China, driven by the slowing economy and uncertainties in the macro environment. The recently escalated trade war between the U.S. and China, especially, could hurt sentiment, wrote Chung. He lowered the revenue estimate for Baidu’s core advertising business by 0.7% and 1.6% in the third and fourth quarter, respectively.