Rebirth 1984: Starting from the development of Hanka

Chapter 287 The Internet Bubble Bursts

In 2000, the Internet bubble just burst. It is impossible to say that it has nothing to do with the "Millennium Bug".

The "Millennium Bug" hit, many Internet companies were affected, and the losses will only worsen.

At this time, Wujiang Group has solved the Y[-]K problem as quickly as possible.

The Y[-]K problem seems simple, but it is not.

It is not simply a matter of time modification.

Date issues involve all levels of the system, including hardware clocks, operating systems, system software, middle-tier software, third-party vendor software packages, and a large number of user-developed applications.Among thousands of programs, how to find items related to the date? A large amount of important data (including files, database data, etc.), which ones are related to the date? Where? How to modify it? Statistics show that 40% ~98% of programs and 20%~85% of data files will be affected due to project schedule.

A month later, Wujiang Group basically solved all Y[-]K problems, including those of customers.

Wujiang Group, which was the first to solve the Y[-]K problem, has become highly sought after by the media and favored by consumers.

Hongmeng system, Shenzhou computer, ibook laptop, Pangu supercomputer, Fuxi database and Nuwa server under Wujiang Group were very popular for a while.

In the eyes of ordinary consumers, the Y[-]K bug is mostly a computer virus.

Other companies cannot kill this virus, only Wujiang Group can, so when buying a computer, of course you will choose Wujiang Group's products.

……

Since February, major Internet companies around the world have successively released financial statements.

Good guy!The data on the report directly confused many investors!

The extent of corporate losses is much greater than imagined.

Many companies are on the verge of bankruptcy.

The sudden outbreak of the Millennium Bug problem has already cooled down the already crazy global Internet. Now, as soon as the appalling financial statements of major Internet companies come out, the temperature has reached freezing point!

Of course, many people have already fallen into madness and cannot extricate themselves.

The Nasdaq index has also been increasing. At the end of February, it had exceeded 2 points.

M country.

"Isn't this bubble a little too big? The Nasdaq index has already risen to 5000 points! Which central bank can stand this price-to-earnings ratio of more than 200!" Federal Reserve Chairman Greenspan said with a worried look.

The colleagues around him kept nodding.

Greenspan said: "We need to dampen investment enthusiasm and announce a substantial increase in interest rates to the level before 1995. This will increase the cost of capital flow and encourage people to be more cautious when investing!"

As soon as he finished speaking, everyone echoed and expressed support.

Soon, the news was released.

Countless people complained.

He was the one who led the interest rate cuts before the Internet bubble, and now they are raising interest rates. Damn, if it weren’t for many of his previous remarks and policies that contributed to the artificially high valuations of Internet companies, would the bubble be as serious as it is now?
Winning or losing does not matter.

The Federal Reserve's interest rate hike has caused market uncertainty to soar, waiting for the moment it explodes.

3 month 20 number.

The famous financial magazine "Barron's" published a cover article called "Burning Up", revealing the current poor status of these Internet companies:

"Among the 200 Internet companies surveyed, 85% had negative profits, and 60 companies will run out of cash within 12 months. Many Internet company founders and early investors are doing their best to cash out , the funds flowing from the old economic system to the new economic system will soon be exhausted, and Internet companies with no money to burn and no money to make will soon fall from the altar..."

Once this article titled "Burn Out" was published, it became the straw that broke the camel's back!
Share prices of Internet companies are in free fall.

Investors began panic selling.

"Oh, God, the Nasdaq avalanche, the stock prices of countless Internet companies plummeted wildly! It's over, the Internet bubble burst!"

Howard said in horror, and fell to the ground without realizing it.

At this time, Nasdaq was in chaos.

The entire stock market fell into panic.

Howard is just one of the tens of millions of investors in Country M.

A week later, the Nasdaq index plummeted 25%, and even fell 3% on March 29 alone.

……

In China, the bursting of the Internet bubble has also had a great impact. Many domestic Internet companies have encountered unprecedented crises.

Except for the Internet companies under the Wujiang Group, which were well prepared, other Internet companies were caught off guard.

The most depressing ones at this time are undoubtedly those Internet companies that are about to be listed on NASDAQ in country M.

However, after the Internet bubble burst, it is now impossible to raise funds through an IPO.Lenovo's portal FM365 is developing well and can already be called the "Four Small Portals" along with Sina, Sohu, and NetEase.The big portal website is the borderless portal website.

However, FM365 seems to be out of luck.

When preparing for the IPO, it happened to catch up with the Internet winter.

In the chairman's office of Lenovo, Yanagawa had a dull look on his face.

The FM365 website is almost running out of funds, so it is counting on IPO to raise funds.

However, not only is it impossible to go public now, it is also difficult to raise funds.

All the major investment companies in the world will not invest in Internet companies at this time. Isn’t it just lighting up the toilet and looking for shit (death)!
"That's a portal website that our Lenovo company spent huge sums of money to hire Cheng Long to endorse. It's gone so fast..." Yanagawa murmured, almost despairing.

You said it's not good to ask anyone to speak for you. If you insist on asking Cheng Long, can you be unhappy?
……

Zhao Ye still didn't know that he didn't deliberately suppress Lenovo's FM365 portal, but it became popular on its own.

He can't even be called a qualified opponent.

"Director Zhao, as expected, Nasdaq has collapsed!!!" Lu Maoshi, Zhou Anping, Liu Yinyin and others looked excited.

The outside world may not know that "Barron's" has actually been secretly acquired by an overseas offshore company of the Wujiang Group. The "Burn Out" article was also written by Zhao Ye.

Its purpose is to actively detonate the bomb of the Internet bubble.

The moment the Federal Reserve announced a rate hike, Zhao Ye already knew that it was a sure thing!
Zhao Ye made people go crazy shorting Nasdaq!

Zhao Ye is not afraid of offending Country M now. Anyway, he will not go to Country M easily in this life. In this case, why should he be polite to Country M!

Crazy short selling, that’s it!

The Internet winter has lasted for at least two years, which means that the Nasdaq index will fall for two consecutive years.

Zhao Ye didn't know if next September, the M Congress would break out like what happened in his previous life, but he had already made preparations in advance.

Employees have been moved from the World Trade Center in New York to other locations more than a year in advance. The main focus is safety.

In terms of mobile phones, we need to plan ahead and acquire the BlackBerry brand. This is not because we are afraid of competition, but mainly because we want to monopolize the market.

When the communication network is paralyzed, people's mobile phones become decorations.

If two brands of mobile phones can work normally, it will distract users from their shopping desires and the popularity of mobile phone brands will also decrease, which is obviously not enough to maximize profits.

Something is most valuable and eye-catching only if it is "one and only".

Closer to home.

Before the Nasdaq avalanche, Zhao Ye had quietly spent US$250 billion shorting the Nasdaq index.As the Nasdaq index plummeted, Zhao Ye once again invested a large amount of funds and increased the intensity of short selling.

Moreover, Zhao Ye is not the only one who is shorting Nasdaq now.

Other institutions, companies, and individuals, including international hot money, are also shorting Nasdaq.

Even major financial groups in country M have shorted Nasdaq without any ambiguity.

Bailout or whatever, that's the government's business, I'm just trying to restore blood - many M-country consortiums think so.

Zhao Ye only feels that it is too easy to make money from the stock market of country M. Country M is a super cash machine.

By the way, if it weren’t for what they did, country M’s economy would have suffered an even worse decline!

……

The Nasdaq plummeted, and countless Internet companies went bankrupt.

The valuation of Wujiang Portal was cut in half, with a market value of less than US$2500 billion, and it continues to plummet.Alibaba, Amazon, Taobao and other websites are similar.

Zhao Ye estimates that the market value of most Internet companies has dropped by at least 75%, or more than 90% in severe cases.

There were countless companies implicated at the same time. Many communications companies and hardware companies, such as Cisco and Sun, suffered worse losses than Wujiang Portal.

By the end of June.

The market value of Wujiang Portal fell by US$1000 billion.

The market value of companies such as Cisco and Sun has dropped by 80%.

Stock investors in country M are in mourning!
Many people from country M started free falling. The scene was really unbearable to watch.

……

(End of this chapter)