India's Free Fire app ban causes company behind the game to lose $16 billion

Garena Free Fire game's owner Sea Ltd lost over $16 billion in its biggest daily market value drop after India banned the game's app. 'Garena Free Fire - Illuminate' was one of the 54 apps banned by the government on Monday. "Sea is a Singaporean company and we aim to partner in India's digital economy mission," the company told Bloomberg.