On Nasdaq on Monday, YIKE stock price closed at $15.
Yike's market value is fixed at US$4.3 billion, once again surpassing Google, 1BM, and Microsoft, becoming the ninth-highest market value company in the world.
Last week's retail short squeeze has attracted a lot of people's attention. The weekend's Twitter paralysis, GOdie being hacked, Freetrade censorship, Nokia's re-suing and other factors together have caused complaints and conspiracy theories.
These organizations are so rogue. If they can't beat them in a head-on confrontation, they will make moves behind their backs. It's so shady!
The performance of retail investors this time has been very impressive, but it is a pity that they still have to be stabbed hard!
Yike Company is going to be strangled by forces from multiple fields including market, finance, and administration. It is really pitiful!
It's really frustrating... Uh, uh, uh, what's going on?
Come and see! Yike and retail investors have beaten the institutions!
Goldman Sachs liquidated! Carlyle gave up! Bridgewater collapsed! Deutsche retreated! Yingshiman lost again!
Paulson, Paulson is said to have run away!!
Simply, this is simply the 5-26 financial tragedy! Remember the website address
What's going on? What's going on? Why did a large institution suddenly die within a day?
This is even more exciting than the short squeeze in April!
The last round had news for two days over the weekend. This news was released directly before the market opened, and then from beginning to end, it directly blew up all the hedge funds that dared to short-sell!
Yike, is this still an ordinary mobile phone company?
In other words, Yike, is this still an "ordinary" company?
Why was it suddenly overturned by the White House that the ITC ruling was overturned?
The last time the ITC’s final ruling was overturned was 22 years ago in 1987!
When YIKE's day of fierce progress came to an end, the factors that led to the organization's tragic situation were once again brought into view.
Today's White Room press conference before the opening of Nasdaq is repeated again and again around the world.
Michael Froman, a representative of the Trade Office, announced the will of Aoniu in the White House wing office to overturn the ITC’s decision to issue a ban on Apple and Yike.
He then explained his reasons for doing so.
"This is a decision based on the impact on the development of the mobile phone industry and American consumers."
"The ITC should comprehensively review the impact of its rulings on standard-critical patents on the public interest."
"Nokia can continue to express its rights through appeals, but we encourage companies including Nokia, Apple, Eco, and Motorola to resolve issues through dialogue and negotiation."
Froman's voice echoed in the office, and what he expressed directly shocked all the media reporters present.
Ah? What? Overturned?
Apple and Yike?
No, Yike’s stock price was shorted last week, didn’t you see it?
Wouldn't such an overthrow directly relieve Yike?
All the reporters present did not understand the situation and could almost predict what would happen, ignoring them and raising their hands frantically before the question period.
Froman also ignored their enthusiasm and continued to explain his reasons slowly.
From last month to this month, the social forums he saw discussed the issues of patents and industry development, the de facto behavior of "patent trolls", and the frequent prosecutions of sales bans that have become a means of unfair competition. These discussions
The situation has substantially harmed American consumers.
It is this kind of mystical theory that urges the government to make bold and responsible decisions.
Froman was well-founded and carefully explained the logic of the decision, encouraging the mobile phone industry to continue and benefit the progress of consumers.
The question and answer session was very lively.
"Froman, do you know that this decision will drive up Yike's stock price?" The first reporter came up to ask about the stock price.
Froman said confidently: "We are proceeding very cautiously.
Based on the evaluation, patent disputes are not the top concern of investors. Really professional investors only focus on issues such as whether the product will grow, whether profit margins will increase, and whether it will transform into new areas.”
Real investors are like this, and as for fake investors... we can only evaluate the former.
"This move by Bai Fang will most likely make this lawsuit the most dramatic in the history of the ITC. Froman, do you think this is really responsible?"
Discussing these situations has materially harmed American consumers.
It is this kind of mystical theory that urges the government to make bold and responsible decisions.
Froman was well-founded, carefully explained the logic of the decision, and encouraged the mobile phone industry to continue making progress that is beneficial to consumers.
The question and answer session was very lively.
"The ITC has gone through a rigorous and lengthy professional review process to judge Yike and Apple's infringement. Will Bai Fang's hasty overturning weaken the value of the patent and dampen the enthusiasm for innovation?" Another reporter almost scolded what he just heard.
decision.
Froman refuted: "First of all, our decision was not rash. You can read the discussions about patent trolls and nearly ten companies involved in patent wars in the past period. Secondly, we noticed that the innovation enthusiasm of the mobile phone industry has been hit.
It is my prudent suggestion that mobile phone manufacturers should solve the problem through dialogue and reconciliation."
Through this question, he tried to leave the focus to Apple's innovation.
However, reporters’ questions were almost always directed at Yike Company.
Fortunately, this press conference was not long. Ten minutes passed quickly, and the enthusiasm for asking questions had to be transformed into motivation for reporting and attention to the follow-up situation.
Froman politely thanked the media reporters who participated in the press conference, put away the manuscript, and ended the major decision-making that led to the May 26 financial tragedy.
In any case, the decision has been made and what needs to be explained has been explained.
Such a short press conference was watched by many people for a long time. Just as the on-site media reporters frequently mentioned "Yike" as they worried or predicted, YIKE's performance throughout the entire trading day caused a dismal ending for all hedge funds.
However, in addition to this major decision, the unusual circumstances of today's intraday trading also puzzled the industry insiders who were watching.
Why didn’t hedge funds affiliated with Goldman Sachs, Bridgewater Associates and other large institutions take action immediately after learning the news?
What are you people waiting for or superstitious about?
What about the temporary suspension and rapid resumption of trading on Nasdaq?
Why did the SEC only express concern about stock price fluctuations but not take action?
All kinds of abnormalities combined with the carnival of retail investors have made people in the financial circle feel increasingly complicated and shuddering.
Although the YIKE market on this day was full of irrational brutality, someone must have carefully planned the game and carried out cold but effective temptations, and finally completed a financial hunt that shocked the world.
Perhaps, since the Yike short squeeze case ended in April, well-known hedge funds thought they had entered a familiar battlefield. In fact, this was another long-planned slaughterhouse.
However, in the last round, those who were slaughtered were small and medium-sized institutions that dared to short-sell Yike. The large institutions had a lucky escape. In this round, even they were bloodletted and their flesh was cut, and they were inevitably spared.
There is an abyss ahead, greed is a sin.
The king of retail investors is in the east...
This chapter has been completed!