Back To 1995

   Chapter 842 The Beauty of Adulthood

Wall Street can become the center of America and control the situation in America, not only because of the quickness of the knife, the quickness of cutting leeks, but also the outstanding strength. A large number of math geniuses, who support them with an annual salary of one million or ten million dollars, are not for nothing.

Those who play investment, to put it bluntly, lend their real money to those companies and bet that those companies can make a fortune. This requires those Wall Street analysts to have a deep understanding of the entire industry and the companies they invest in. That's fine, otherwise it will capsize in the gutter.

   It is possible to capsize in the gutter, but it is impossible to capsize all of them. Goldman Sachs, as the leader of Wall Street, is the best in terms of the ability of analysts and the channels for inside information.

And just this year, after sorting out the revenue, user growth, performance, etc. of the entire America, and even the global Internet, the company's revenue, user growth, and performance, the results surprised Goldman Sachs analysts in the Internet industry. The revenue of the entire Internet industry has actually fallen, but some have fallen more and some have fallen less.

   If it was just one family or two, it would be better to say, but the entire Internet industry, revenue began to shrink, especially the Internet advertising revenue as a support, which plunged, which made the Internet analysts of Goldman Sachs really scared.

Analysts at Goldman Sachs, I'm not sure, this is temporary, or the entire Internet industry can't bear it anymore. No funders are willing to invest, and the investment department is even less afraid to make decisions easily and hand over all these data to Paulson.

   Paulson held these performance reports in his hand. He knew that soon, several other major institutions on Wall Street would also receive these news. It was only a matter of time. After all, the risk control departments of major investment banks are not vegetarians.

  The internet industry is running out of money. Paulson looked at these reports, only read a few major companies, and then put it aside, thinking such a sentence.

How did the Internet come about? In just four or five years, it has swelled to an existence comparable to the traditional industry that has developed for dozens of hundreds of years. The major Internet companies are even more profligate. The founders often use sports cars, villas, and models. , Celebrities, even ordinary employees, can get options, instantly worth millions!

Everything looks good, but all of this is made possible by Bank of America, Wall Street investment banks, Silicon Valley venture capital, and various foundations desperately throwing money. Some of the plates are too big. ICQ plus AOL and Yahoo alone have a market value of nearly one trillion dollars.

  There are too many Internet companies now. Thousands or even tens of thousands of Internet companies are all counting on listing to make money and relying on that little advertising fee to make a living.

Wall Street investment banks are not charitable. Silicon Valley venture capital companies only have a few dollars. When Ameritrade increases the bank and feels that the Internet is a bit risky, when the money bag is tightened, the amount of dollars flowing to the Internet will be significantly reduced. .

   There are more and more people who want to eat the Internet, but fewer and fewer people cook. When everyone can't eat, it must be time to smash the pot!

  Paulson doesn’t know when the Internet pot will be smashed. This year or next year, it may take some time for the performance of major Internet companies to reflect on their stock prices.

Now Nasdaq is still in a frenzy, and there are still leeks buying, buying and buying. For a while, the leeks who are full of beautiful knives will not retreat. However, the paper can't cover the fire. The performance of this quarter is OK. Confuse the past, next quarter, year-end results, sooner or later, there will be thunderstorms, no one can change this!

Paulson rubbed his brows. As one of the winds of the Internet, Goldman Sachs is not like Lehman Brothers and Bear Stearns, who only got into the car halfway, but started investing early in the morning. Internet companies, Goldman Sachs have equity, and they have made a lot of money.

   Just from ICQ, the equity held by Goldman Sachs is worth more than tens of billions of dollars. As long as it can be cashed out, Goldman Sachs will earn it!

Song Yang was running ahead. This was something Paulson didn't expect. He could make up his mind to throw down an empire with a market value of nearly $400 billion and hand it over to someone else. Paulson is someone who can make this decision. I admire it, but I also regret that I didn't cut Song Yang...

  Goldman Sachs makes money not only by investing in these Internet companies, but also don’t forget its name, the number one short seller on Wall Street!

  Other Wall Street short-selling institutions, at most, are shorting a company to make a little money. Goldman Sachs is for the purpose of hunting a country’s stock market. Two years ago, Soros ravaged the Southeast Asian stock market, and Goldman Sachs was behind it.

   Paulson pursed the corners of his lips that were somewhat dry, like a hungry wolf, smelling some prey, and wanted to feast on a feast.

   Seeing that the Internet industry, and even Nasdaq as a whole, are somewhat unsustainable, then Paulson doesn't care, the dollar earned from Internet companies, how much can Goldman Sachs earn if he shorts Nasdaq? !

   When you think of the collapse of the Nasdaq index, which has reached more than 4,000 points, and the shorting of Internet companies with hundreds of billions of dollars to only one-tenth of the original stock price, how much can Goldman Sachs make by shorting?

   After the short-selling is done, Goldman Sachs can buy those Internet giants backhandedly, and eat two fish and two. After eating this wave, Goldman Sachs will have enough to eat for a few years.

  Thinking of this, Paulson couldn't hold back his restless heart, but Paulson knew that this matter couldn't be rushed, he had to figure it out slowly, and there was still enough time now.

But Paulson also has some regrets. After cutting the leeks this time, he also needs to avoid the limelight, or take a temporary vacation, otherwise he can enter the federal financial department through the revolving door and stay for a few years, because this wave is really offending people. is too much.

Unlike cutting leeks overseas, no one can do anything to Paulson, but Nasdaq is all about American companies and leeks. A large number of companies in Silicon Valley are expected to be wiped out. Overseas consortiums and foundations , Wall Street institutions, and even Bear Stearns investment bank, are estimated to be cut by Goldman Sachs.

Even if no one dares to scold Paulson face to face, there will never be fewer people who scold Paulson for the eighteenth generation behind his back. Under the finger of thousands of people, Paulson still needs to retire properly, but he is short of Nasda. Gram, compared to what Goldman Sachs earned, and the bonuses, dividends, and equity awards that Paulson could get, those infamy are nothing...

At the General Electric headquarters, when everyone sat down again, Immelt took the lead and announced that he would become the absolute official of ICQ. In fact, the suspense of this merger has been lost. Basically, Immelt's people and Ed. After talking, the rest of the people were silent. Even if there were people who wanted to speak, whether Immelt would listen or not is another matter.

  Song Yang sat on the side, calculating that GE would transfer the US knife to Song Yang, and GE would acquire Song Yang's 9% stake in ICQ, almost all in cash.

Immelt gave almost all of the $35 billion that GE had managed to raise to Song Yang, showing Stud's determination. Song Yang didn't ask for much, he just paid ICQ's current market value. Just this money.

Speaking of which, it was GE who made a profit. After buying this stake, ICQ acquired the Bronfman Group. The stock price and market value soared immediately. The 9% stake that GE bought back for $35 billion was immediately It became US$38 billion or US$40 billion. It was properly earned, but whether it was possible to cash out or sell the equity, that was not something Song Yang needed to worry about.

  According to Immelt's tone, he is going to turn ICQ into a century-old store like General Electric, holding ICQ's equity and not selling it for a hundred years...

  The beauty of adults is a virtue, Song Yang can't ruin Immelt's plan, everything is for ICQ!

   "Bronfman Group, I hope that this merger will not involve cash, and ICQ can complete the merger with Bronfman Group in the form of equity swap!"

   Little Edgar's voice pulled Song Yang's thoughts back into the conference room.

   Hearing that Edgar Bronfman Jr. didn't want a penny in cash, and would use the method of equity swap to complete the merger, Song Yang couldn't help staring at him blankly, this guy was really out of the ordinary.

An elderly, old official of the Bronfman family who was sitting next to little Edgar, was a little anxious on the spot, grabbed little Edgar and said in a low voice, "This Edgar, this is what we said before. Not the same, Mr. Bronfman Sr. did not agree to this plan..."

   (end of this chapter)