The stock market is booming, and investors have concluded an interesting phenomenon;
In the past few years, many newly listed companies have tried every means to connect with the Internet and label themselves as high-tech Internet companies.
Some simply add dot after the company name, and some add i or e in front of the company name to show that the company is related to the Internet.
The reason for this is profit.
As long as a company is linked to Internet high-tech and puts on the veneer of Internet high-tech, no matter whether the company makes money or loses money, no matter what its main business is, the stock price will be soared into the sky, and the issuance of new shares will also be
Sold out.
Yahoo's total revenue in 1999 was US$1.103 billion, with total profits of US$99.6 million.
At the end of 1999, Yahoo's stock market value had reached US$163.8 billion, 4.5 times that of Boeing, and its profits were not even a fraction of that of Boeing.
Amazon, which went public at the end of 1997, had total revenue of US$356 million in January 2000, with actual negative profits. In 1999, it suffered a loss of US$170 million.
But by the end of 1999, its stock price soared 2,300%, which was crazy.
Even for a company like Netscape, which has gone from profitability to huge losses, there are already dozens of browser products on the market. Netscape’s browser has long been reduced to a niche product, and its market value is still firmly above tens of billions of dollars.
.
Facing the software giant Microsoft, it is not inferior, and I don’t know where the confidence comes from.
Some Wall Streeters came to this conclusion after comparing Yahoo and Boeing;
Three years of network economy is equal to 70 years of industrial economy.
that's all
The investment atmosphere is gradually becoming fanatical, and the new economy represented by the Internet is making rapid progress and has unlimited glory.
Especially since October 1998, the Nasdaq Index, which is a barometer of the new economy, has been rising from 1,500 points and continues to climb. By March 10, 2000, the Nasdaq Index broke through the 5,000-point mark and set a history of 5,132 points.
Highest record.
However, the good times did not last long.
March 14, 2000
The Dow Jones Industrial Average began to fall below 10,000 points, reaching its lowest level in 13 years. This is a dangerous signal.
Affected by three major events, including the Federal Reserve raising interest rates, Microsoft being split up by a local court, and Royal Family Fund being forced to abandon Cisco due to government pressure, disaster has befallen Internet companies.
The stock market plummeted, and many funds rushed to flee, creating a tragic scene with many deaths and many deaths.
The Nasdaq index quickly plummeted from a high of more than 5,000 points to below 1,500 points, and the market value of more than 5 trillion US dollars evaporated.
After a few years of misunderstanding, I am back to the starting point.
September 2000
Oprah talk show scene
There are two simple light-colored sofas. Oprah, the famous American talk show host, said to the audience happily;
"Everyone in the audience today is a winner, and the luck index is no less than 99, because we have invited a real big shot. Here is the cover figure of Time Magazine, the most outstanding entrepreneur, and the leader of the high-tech industry in Silicon Valley.
The boss king, who has been the world's richest man for many years, has come to our show. Everyone welcomes him."
Accompanied by warm applause and bursts of exclamations, Wang Yaocheng walked up wearing casual casual pants and a striped T-shirt, and greeted everyone with a smile, showing his snow-white teeth.
"Wow, Boss King is really masculine. If I were 20 years younger, I wouldn't be able to help but want to date you."
"Then I will definitely bring flowers. Which one do you like?"
Oprah smiled very happily; "Wow, I like passionate roses and beautiful carnations. When I was a girl, there was a gardenia tree in the yard. I would often pick a bunch and put it in my schoolbag.
When you open it, the room will be filled with fragrance.”
"Sounds great, why don't you put it on your hair?"
"Because I don't want to stand out, um... you know." Oprah didn't want to continue.
"I know."
Wang Yaocheng nodded feintly and said seriously, "Students will say, look! Oprah's pretentious bitch looks like a moving gardenia tree."
"Hahaha……"
Absolutely
The audience burst into laughter and applauded warmly.
Few people dare to joke about Oprah. She is not only the most famous talk show star in the United States, but also a successful TV program producer. She has her own endorsed brand. She is a rich lady with a net worth of hundreds of millions of dollars. She is famous in the United States.
A heavyweight with huge media influence.
These people do not include Wang Yaocheng, because Wang Yaocheng is the king of the business world and is qualified to see everything at once.
In the business world, everyone is reduced to rubbish instantly.
"Okay, let's turn the topic back. Audiences in front of the TV can see me every day, but it's rare to see the boss king appear in entertainment programs. Everyone is very curious about everything about you. Let's watch an episode.
vcr…”
The TV screen showed Wang Yaocheng's legendary entrepreneurial experience, starting from when a man came to Silicon Valley to found Red Hat and hatched the first listed company, Netscape...
In the show studio
bursts of exclamations;
"Oh, my God! The ratings have skyrocketed. They have now reached 44 million viewers, which is 43% higher than usual. It is still growing rapidly."
"When we produced this program, we expected it to be a hit, and it turns out we were successful."
"Hey, the influence of the boss king cannot be guaranteed. I think this program can win the ratings this year. Yes, I am very sure of my judgment."
"Bingo, many people are on their way home. The first thing they do when they get home is to turn on the TV and watch our program. The ratings will increase."
"This year's Emmy Awards are stable again."
"Haha, that's right."
The boss king rarely accepts interview shows, and there are only a handful of them in the past few years.
Wang Yaocheng is the focus of public opinion and a very influential financial figure. In 2000, when the Internet high-tech bubble burst, the Nasdaq and New York Main Board markets were full of victims, and people paid more attention to this legendary financial figure.
A third of the way through the show, the audience has exceeded 50 million.
This is a very astonishing number in the United States, meaning that more than 50% of adults are watching this popular program.
A hotel in Louisiana
George Bush, who was touring various states to canvass for votes, walked into the luxury suite with great enthusiasm, shouting in his mouth: "Roxy, turn on the TV quickly, the boss is now participating in the Oprah talk show, I want to hear what he has to say."
"Yes, sir, he is your staunch supporter."
"You are wrong, Roxy. He is my good brother and a close partner. Let us listen to what he has to say."
"I know that the boss king has paid a lot to canvass votes for the Xiangjue platform."
"So we owe him, watch TV Roxy."
same;
Big figures in business circles across the United States and even Europe are paying attention to this ordinary talk show.
Because the influence of the boss king participating in the show is too great, and his every move can shake the world's financial industry.
"...
Just now, Boss King shared his growth experience with us. Here is a friendly reminder;
Epic difficulty, don’t imitate.
What seems to be a very simple thing to the boss king, for most people including me, the difficulty index is definitely too high.
At the very least, I absolutely cannot give up Cisco, which ranks number one in market capitalization, because it is the bright pearl in the Queen's crown and is worth cherishing and owning..."
"Please wait a minute, the Wang Group has never officially announced that it will give up its controlling stake in Cisco. This is a small misunderstanding."
"You call it a small misunderstanding, oh...a misunderstanding worth $500 billion?"
"It's not worth that much now."
"Cisco, oh my gosh! I'm shaking with excitement, let's see..."
Oprah was extremely excited. She knew that a big news that shocked the United States was released, which would cause a huge sensation in the financial world.
After all, it was the company with the largest market value in the world. Although now the market value has shrunk sharply due to the bursting of the Internet high-tech bubble, it is still the dominant player in the industry.
The studio behind quickly called up the market value of Cisco at the close of trading this afternoon, which was 100 million U.S. dollars.
Cisco plummeted from its peak of US$555 billion, and its total market value fell by two-thirds, leaving only 30.89% of its peak market value to be precise.
Cisco alone suffered a market value loss of US$383.5 billion, evaporating so tragically.
in the program
Wang Yaocheng sat on the light-colored sofa with a relaxed expression, crossed his legs, smiled faintly at the TV screen, showing his white teeth;
"I will not engage in dirty private transactions, pay taxes in accordance with the law, actively participate in charity, enjoy the joy of career success, and do not care about the suppression of administrative agencies or the slander of competitors.
The United States is a free capital market, and people have the right to realize their dreams.
This is the right, freedom, fairness and justice granted by the Constitution.
I like the party's policy program, which states that market matters are left to the market to resolve.
I prefer the charismatic George Bush. Some of his remarks about this country influenced me and made me see a bright future where many valuable things can be achieved.
Why restrict competition?
Why should we fear competition?
Why artificially suppress competition?
Entrepreneurs need a better business environment, people need better opportunities to realize their dreams, society needs development, and the cake needs to be made bigger. This is the core of the American spirit of freedom.
All of this, I believe that only under the leadership of George, this spirit of freedom, fairness, and justice can be passed down and carried forward..."
A hotel in Louisiana
"Hahaha... I like him, I like him, he is my good brother, the boss king..."
George smiled so hard that his teeth were missing. He pointed at the TV screen and yelled at campaign assistant Roxy, which attracted his wife Laura, who was also following the campaign, to come out of the inner room and ask in surprise;
"Honey, what are you shouting?"
"Let's take a look at this episode of Oprah's talk show. The boss is advertising for us on the show. Go call the TV network and check what the ratings are today. This is more effective than us running around soliciting votes.
Okay, I love this guy to death."
"He is really good and a very shrewd businessman."
"Oh, Laura, if the boss king was not smart, he would not have the huge wealth today. He is a business genius. We have also benefited a lot. We must admit that he is one of the smartest people in the world. Otherwise, would the whole world
Are they all fools?"
Laura, who is independent and independent-minded, nodded;
This makes so much sense that I really can’t refute it.