novelones Chapter 357 The bubble bursts and the situation of the mortal enemy
Chapter 357 The bubble bursts and the situation of the mortal enemy
Even though he was mentally prepared, the president of the Proton Fund was still shocked by the losses he suffered.
The funds under their control suffered a 22% loss during this round of selling.
Of course, these losses are all investors' money.
A retired soldier shot and killed his fund manager and the owner of the institution because he lost all his investment.
The entire Wall Street was in mourning, with the Nasdaq Composite Index falling 18%, setting a record for consecutive losses and a single-day decline.
This is just the beginning. In April, a federal court announced a penalty for breaking up Microsoft.
The entire technology and Internet stocks began to fall rapidly.
Wang Lei knows very well that this is just the beginning, people are always too extreme, and the stock market will continue to be affected in the next year.
In addition, the beautiful country's building was attacked.
This directly caused the Nasdaq index to fall by 19% in 78 months, evaporating US$5 trillion in market value!
What is the concept of 5 trillion US dollars?
The total GDP of the Dragon Kingdom that year was only 1 trillion.
At this time, the Federal Reserve realized that it had gone too far and began to urgently raise interest rates again, raising interest rates from 4.75% to 6% by 175 basis points six times.
Ding Sanshi, who was planning to follow Qianlang's lead and go public, was completely confused.
"What the hell, I haven't gone public yet."
Wang Zhidong, who listened to the advice, looked at this scene and could only feel lucky that their IPO was early and the US dollars raised could help them survive the Internet bubble.
Ding Sanshi and NetEase's shareholders were caught in a tangle of hesitation.
Now that the Internet bubble has broken out in the U.S. stock market, and they went public despite the crisis, their market value will definitely be underestimated, and shareholders will not get the returns they deserve on their investment.
"The arrow is on the string and must be fired. If it is not listed at this time, NetArt can survive for at most three months!"
In the end, Ding Sanshi decided to go public against the wind, because only a public offering, regardless of the subscription price, was a life-saving antidote for NetEase.
Ding Sanshi vaguely understood why Wang Lei didn't give them any investment.
The other party accurately predicted the arrival of the Internet bubble. They were a big step too late and were destined to be unable to bring huge benefits to the other party.
On the other hand, Qianlang was listed only a few months earlier than them, but the amount of funds raised far exceeded them.
Although Qianlang has now fallen below the issue price, this does not prevent Qianlang from becoming the Internet company with the most abundant funds in Longguo.
……
Wang Lei is watching the latest financial news with great interest.
Today's news headline is that the president of the Proton Fund had to close several of its funds that had suffered serious losses. A series of mistakes have caused rumors that the Proton Fund is about to collapse.
Wang Lei couldn't help but admire this old rival who he had never met before. The Proton Fund was attacked in 97 and there were many rumors of bankruptcy, but he survived.
I don't know if he can survive again this time.
This vitality, which was like Xiaoqiang's, made Wang Lei look at him with suspicion.
Another piece of news is that pet.com and zip2 have closed down!
He remembered that these were the two companies Guy had invested in, and he couldn't help but shook his head. His former opponents were becoming more and more unbearable.
During this bubble, nearly 52% of Internet companies went bankrupt, and the remaining 80% also disappeared in the long river of history. Only a few companies emerged from the crisis.
Guy lost his last chance to escape because of his indecision.
Guy, who was pitied by Wang Lei, was standing on the balcony of a high-rise building.
It only took 9 months for Pet.com to go bankrupt from its listing, which is simply a fantasy.
Before Guy could recover from the joy of the merger between AOL and Time Warner, he fell into hell the next moment.
All kinds of bad news followed, zip2 and pet.com collapsed, Microsoft was sanctioned, stock prices plummeted, Netscape stock plummeted, Yahoo stock plummeted...
What he found most unacceptable was that in just a few months, the market value of the newly merged AOL and Time Warner had evaporated by US$3000 billion.
The merger of the two companies has become the biggest joke of the new century.
The shareholders of the two companies had not even passed the honeymoon period when they began to disagree and almost went to court.
The bad news that filled his ears made Guy extremely painful.
Just then, his cell phone rang.
It's Kembauer!
"Guy, I heard that you have suffered a lot of losses. Do you want me to help you? We all belong to the Ross family. If you ask me, I am sure..."
Guy threw the phone down and jumped.
In the eyes of people who were accustomed to it, Guy hit a car heavily.
"There is good news and bad news."
Klumbauer also didn't expect that his words would cause Guy to go to extremes.
When he really saw the other person being wrapped into a rice dumpling and lying on the hospital bed, he was filled with guilt. If he hadn't been mean at that time, maybe Guy, who was so proud in his heart, wouldn't have jumped.
"The good news is you can't die now."
"The bad news is that you will be in a hospital bed for the rest of your life."
Although Guy survived, his body was paralyzed and his brain had been operated on. Now he was looking at Kembauer and Akhben with confused eyes.
Akhben, who knew something about the situation, couldn't help but feel a little guilty.
"The doctor said that you may have a chance to get back on your feet through recuperation, but the hope is very slim."
In recent years, Guy's resurgence through the Internet has indeed made Kembauer feel more pressure.
The two were placed within the family and became the Rose Twins.
This guilt passed away in a flash. Now that Guy had lost the ability to compete with him for the position of head of the family, the clan elders could only choose him to take over.
But when the sun shone on Akhben's face, Kembauer began to be afraid of this strong woman again.
The family announced a new round of financial reports, and the profits of the luxury goods empire run by Akhben were extremely dazzling.
This woman unknowingly bought a large number of popular shops in prime locations and started a chain of cosmetics and luxury goods stores.
In the past few years as the beautiful country's economy has recovered, she has sold enough bags and cosmetics to circle the earth twice.
I don't know since when, Akhben's status in the family has reached the point where he can be on an equal footing with him.
"Can a woman become the head of the Ross family?"
Kembauer shook his head mockingly. This idea was so absurd that the conservative elders would never allow this to happen.
No matter how good Akhben is!
Akhben was also keenly aware of Kembauer's malicious gaze. According to Wang Lei's plan, he would be the next one to deal with.
She could sense that it was not long before she could take control of the Ross family.
Akhben revealed the news of Guy's suicide attempt to Wang Lei on the phone.
After hearing the news, Wang Lei couldn't help but sigh. Krembauer's mouth was really vicious, but he helped Akhben eliminate a potential opponent.
"Akhben, look for an opportunity to get the stocks of Microsoft, Netscape, and Amazon in Guy's hands."