Extraordinary Genius

Microsoft's monopoly case was reopened, and the judge declared that Microsoft did have a monopoly and that the evidence was conclusive, that is, that Microsoft would face huge fines and risk being forcibly split.

And on this day, many investment agencies also found that the Nasdaq index actually exceeded 5,000 points, and by this time last year, it was less than half, a year, it had doubled!

So they saw that Microsoft was going to lose, and they thought that Cisco, Dai, and other companies that had business dealings with Microsoft would inevitably be affected, and they decided to sell the shares.

And then there was the deal operation crash, where some of the major shareholders, while selling these ingredients, caused Nasdaq's stock index to drop instantaneously, five percent that day.

Of course, there is also a relationship with Feng Yu. Feng Yu also joined Kirilenko and Fu Rongqi to sell some of the last ingredients in their hands this year.

Just to make Feng Yu curious, it seems that there is another hand manipulating these, because when they show off the Nasdaq index, someone built the position first, and the pen is huge.

Only yesterday did Nasdaq's stock index hit a new high, someone built a position at a high level, how can they be sure that Nasdaq's stock index will fall?

Unless, at the same time, he knew about the sale of Microsoft, Cisco, Dai Lai and other stocks.

So how energetic should this person be to connect with so many investment agencies?

Feng Yu thought about it for half a day and felt that there seemed to be only one person, in line with his guess, that was Soros from Quantum Fund!

Only Soros dared to do so boldly and to understand what was happening with these big investment agencies. And selling short has always been Soros' favorite thing to do.

Feng Yu wasn't sure, but he didn't care. He and his buddies, who had already built their positions at 5,000 points, although the leverage multiplier was not high, will see even more panic sell-off tomorrow, and more stock index falls, depending on today's decline.

Microsoft's monopoly trial was just a trigger, and Microsoft's share price stopped growing last year when Feng Yu sold Microsoft shares, but many others were still rising wildly.

Most interestingly, most of the companies whose stock prices have risen wildly are not yet profitable. Expenditure is higher than income, and that's how the share price rises more dramatically than well-profited businesses like Microsoft.

Those companies, they sell so-called ideas, and whether they can be translated into reality, as if everyone was gambling. Once you win the bet, you'll get multiple rewards. As for losing the bet, they never thought about it.

Even in these two years, Venture Capital has been particularly fond of companies in the online technology category, and the scrutiny is constantly decreasing, and they want to use this shareholder wind to make a big profit from the company's listing.

It has also been argued that the companies that sold their shares had nothing to do with Microsoft's antitrust case, but rather because most of the companies in the just published statements of publicly traded companies were related to losses.

This sounds an alarm to many investors, and if the company doesn't get bigger, it's bound to make money. It is true that all the assets of these Internet companies have soared, but they have spent the money they raised, with little return.

Those visions still seem so far out of reach. Many internet companies have spent all of their venture capital and capital raised, and are still losing money!

They use investors' money to acquire and merge competitors from other industries, accelerate the launch of their new services, strive to penetrate cross-industry areas and promote their brands.

This seems to be entering a strange circle of cyberspace, and it also creates a novel Internet rule. And the owners of all the companies, they never think, why is their company worth so much money? With Yahoo's products, how can the company be worth hundreds of billions of dollars? How much does their company make in a year?

It looks like a bottomless hole. Who dares to invest in it?

These annual and quarterly financial reports are also perceived by many as the trigger for a real cyber bubble and the incentive for large investment agencies to sell cybertech stocks.

And there's another way of saying it, it's a millennium bug. This is an algorithm loophole that can cause system disruption in many companies. In order to close this loophole, businesses have had to increase their spending and increase their financial pressures.

There's a lot of talk, there's support, there's opposition, but for whatever reason, Nasdaq's stock market started to fall, and the first thing that hit it was cybertech stock.

Another algorithm, Feng Yu, is to calculate the real rate of return on Nasdaq shares.

Starting in 1998, Nasdaq's real rate of return was less than three percent, or even less than bonds, and even less than the theoretical 6.5 percent yield that this boom should have achieved.

Others argue that all equity has a premium of about seven percent, to varying degrees.

In other words, Nasdaq's stock is overvalued. Whether it's Microsoft, IBM, or whatever company they wear, they benefit from irrational prosperity.

And now, the bubbles are ruptured, and they're the first companies to fall, or even collapse.

……

Nasdaq's crazy fall, along with shares on the Stock Exchange, followed. Many clearly unrelated enterprises have been biased.

I don't know where I heard rumors that the stock market is going to crash again. Can't you see that Microsoft, IBM and other companies can't handle it?

So more people started selling stocks in panic, creating a vicious circle.

The more people you sell, the faster the price drops, the faster the price drops, the more people you sell.

Less than a week later, Nasdaq's stock index fell by almost a dozen points, the largest drop in more than a decade.

As a result, stocks in the world's major financial markets have fallen by some margins, most notably in the online technology category.

Paul Allen deeply regretted it at the moment, knowing that Microsoft stock prices were going to fall continuously, and he would have cashed in a fortune. He still holds a lot of non-voting shares, selling them doesn't affect his voice in the company.

What's wrong with investing? You don't know your assets shrink every day, do you?

In this case, it doesn't seem to be the same.

It's not just Microsoft, IBM, Dale and many other big companies whose boards meet every day to find out how to save their companies and get their stocks to stop falling so much.

Although the decline in share prices does not have a significant direct impact on the company's operations, it does have a significant impact on the company's brand, reputation, etc., as well as on their shareholders who hold shares in the company. The stock price is down, it's their assets are shrinking!

They can't figure it out. Why was the Internet bubble poked?

……