Back To 1995

  The Wall Street Journal reported, "Analysts at Goldman Sachs predict that AOL's goodwill may be further impaired, and it may continue to lose money in the fourth quarter. This year, AOL Time Warner may record a loss of more than $98 billion..."

  British Financial Times revealed, "The Federal Department of Justice has officially launched an investigation into AOL!"

  New York Times, "AOL Co-CEO Keith, Impeached by AOL Time Warner Board, May Face Resignation!"

  As soon as the news of AOL Time Warner came out, the entire Wall Street could not be wiped out. In just one quarter, the Internet industry plummeted, and the Nasdaq collapsed. We all know that the Internet industry is in a downturn.

But I didn't expect that AOL Time Warner could make such a big thunder, losing more than 90 billion or even more than 100 billion dollars a year. The impairment of goodwill is not really a loss of money, but refers to the fact that AOL and Times Warner When Warner merged, the valuation made for the company's brand or industry was already worthless because of the stock price and revenue... But it can't be such a loss.

  Christmas this year is extremely cold for Silicon Valley and the global Internet and technology industries.

Previously, a large group of Wall Street analysts predicted that the Nasdaq had no way to fall, but the facts have proved that history is created. Before Christmas, the Nasdaq index had fallen below 2,000 points .

  At this point, it’s pointless to analyze again. There are only a bunch of fun people who have lost money in a mess, guessing whether the Nasdaq index will fall below 1,000 points...

  In the past few months, Nasdaq is hopeless, and rumors that the Internet is over have flooded the entire industry. Both Silicon Valley and the overseas Internet industry have stopped struggling.

  The entire Internet companies in Silicon Valley have basically been wiped out. The current Internet is much more tragic than the scene predicted by "Barron's Weekly".

  Walking on the streets of San Jose and other parts of Silicon Valley, there is a bleak scene everywhere, and the Nasdaq trading center is also extremely cold. As for the daily transaction volume, it is basically better than nothing, anyway, there is no leek to take over.

   In the middle, there is also a leek who is not afraid of death, trying to catch the sword with his bare hands. In the end, he was naturally chopped off by the rain of knives. After a few times, no one dared to reach out...

  Nasdaq has seen a large number of Internet companies with stock prices hovering around US$1, and they may be delisted at any time.

From the other side of the ocean, companies such as Sina, NetEase, Sohu, etc. that logged on to NASDAQ, at this time, the stock price began to fall to around $1, and no one dared to take over, because a large number of Internet companies in Silicon Valley were dead. Not to mention these overseas companies, the venture capitalists in Silicon Valley, Wall Street institutions, and the federal states, all of which were the main players in the stock market in the past, are all not much different from frightened birds at this time.

Countless Internet companies have fallen, and the Internet practitioners who were in short supply at the beginning are now in a disastrous decline. Nearly half of the practitioners have been forced to leave Silicon Valley. , Go home and send your resume everywhere!

  Even those who stay in Silicon Valley face the risk of salary cuts, reduced benefits, and options that cannot be redeemed, but they can still eat.

  Only PayPal, ebay, Fortinet, Wikipedia, Doubleclick and other companies claim that their salaries and benefits will not change, but they have also stopped recruiting new employees.

Of course, it’s not that there are no companies with outstanding performance. In the midst of chaos, Google almost took over more than half of the global search industry market. There are many old search companies, including Excite, Inkomi, Goto Search, Ask Search , Look Search, INSP and other search companies are now dying.

  In the past, these search companies were expanding everywhere, acquiring billions of dollars at every turn, and carrying a lot of debt. Now they are raising money everywhere to plug holes. Even if they can't go bankrupt, they have no spare power to compete with Google.

Before Christmas, Google also recruited several waves of employees. Although the salaries were not too high, it was not comparable to the treatment provided by the major Internet giants years ago, but the recruitment day was still overcrowded, and many Internet technology experts came here When applying for a job, you can think of what it is like to live on the Internet now.

   "Song, will you return to ICQ and take over the post of ICQ president?!"

   "Former WorldCom President Bernard Ebbes was temporarily imprisoned today, what do you think?"

"Song, regarding the recent news that some investors are preparing to file a class action lawsuit against you, thinking that you have cashed out too much from ICQ, Yahoo and other companies, and demanding that you compensate investors, what do you think of these news? "

   "Song, when do you expect the Nasdaq storm to subside?!"

   "Will you invest in Internet companies in the future?"

  At the entrance of a large theater in Los Angeles, countless movie fans gathered here. Today is the day when the movie "Lord of the Rings" will hold its premiere.

The Lord of the Rings is another trilogy of big special effects movies after the "Matrix" of Western Films. With the popularity of "Lord of the Rings", Western Films has attracted much attention and controversy since it announced the start of filming. Fans of the original book are worried that Western Films will ruin this classic.

  However, at the premiere today, there were still a lot of movie fans gathered, most of them were book fans, because the Lord of the Rings movie used mostly new actors, and there are not many movie fans at the moment.

   Today, there are not a few Hollywood people who come to support Western Films. Apart from the Italian gang who have lived in Hollywood, there are also many Hollywood stars.

  The Internet is cold and windy, and life in Hollywood is not easy. In the past few years, the Internet and the technology industry with deep pockets have always been the big benefactors of Hollywood movies. Now that the Internet has fallen, life in Hollywood is not easy.

  This year, due to financial reasons, the major film companies have reduced the number of blockbuster productions. This has significantly reduced the number of films that many Hollywood stars can receive.

Only a few Hollywood film companies such as Western Films are not affected, and the film is constantly shooting. In addition to "Lord of the Rings", Western Films has also prepared the "Harry Potter" crew and acquired several Marvel movies. A character, apparently set for a Marvel superhero movie.

  Under such circumstances, the Hollywood stars all know how to choose. Naturally, they are here to support Western Films. Who will make trouble with the American knife? !

  Song Yang, who has not appeared in front of the public this year, accompanied Jenny to the premiere scene today, and Jenny also made a guest appearance in the "Lord of the Rings Trilogy" movie.

As soon as Song Yang appeared, a large group of media immediately surrounded him. The media from the Internet, finance, finance and other industries came here today to guard Song Yang. When they saw Song Yang, they naturally threw a lot of questions at Song Yang. past.

The Hollywood media is also somewhat interested in these things. Before it was released, they were not interested in these things, but now that the board has fallen on them, Hollywood also feels the pain. Naturally, they want to know, the big money in the technology industry, Can you come back again? In the past few years, the big money lords in the Internet and technology industries were really generous, not to mention, Song Yang also directly invested in a film company...

  Song Yang, escorted by Ulf and other security personnel, walked forward. He just waved his hands away with a smile on the questions raised by the media. At this time, everything he said was wrong. It would be better not to give hope to leeks...

ICQ Ever since Edgar Bronfman Jr. put down his burden and ran away, the position of president has been vacant, and it is not that no one is willing to take it. After all, with the current market conditions of the Internet and Wall Street, an annual salary of tens of millions of dollars How can no one want to do a job that pays a knife.

  But the professional managers who are willing to come are not well-known, and the well-known executives are unwilling to take the blame. It is obvious that whoever takes over the position of ICQ president now is here to take the blame.

People often know who is the best when they lose it. Now ICQ internal staff and investors all miss the time when Song Yang and Irene were in charge of ICQ. Some leeks who stick to ICQ stocks even launched a petition, I want Song Yang and Irene to return to ICQ to regroup.

   But at this time, how could Song Yang jump in and take the blame? Irene wanted to fight back, but not now to clean up the mess.

Song Yang didn't have any special reaction to the end of Bernard Ebes. The board of directors of WorldCom obviously wanted Bernard Ebes to take the blame and put all the blame on the old man in his sixties. body, so that WorldCom can complete the reorganization.

After WorldCom's bankruptcy protection, Telephone and Telegraph, Verizon, Southwestern Bell, Sprint and other telecom companies are all gearing up to take advantage of WorldCom's disease, to kill WorldCom, and to swallow up WorldCom's industry at the price of cabbage. !

As for the sudden demonic wind, there is a wave of so-called ICQ investors. Seeing that ICQ, Yahoo and other companies have lost too much money and can't get any money, they suddenly attack Song Yang and want Song Yang to replace ICQ. Paying the bill, although it sounds absurd, it made Song Yang a little vigilant, feeling as if someone was fueling the flames, trying to take the opportunity to make trouble and drag him into trouble!