At this time, the Internet bubble is almost at its peak. Yu Dong is paying attention to the U.S. stock market when he has nothing to do. When he saw that the Nasdaq Composite Index, which is dominated by technology stocks, has climbed to more than 4,000 and is approaching 5,000.
By the time, he knew that the day when the bubble burst was not far away.
Just a week ago, at Super Bowl XXXIV, people saw sponsorship from 17 Internet companies, each paying more than $2 million for a thirty-second advertisement.
Such crazy market conditions make most people believe that the Internet industry is still thriving and has huge potential.
But in fact, most Internet companies are not profitable, and some Internet companies even have no revenue. They are just selling a concept from beginning to end.
But these companies have received huge amounts of investment, and under such circumstances, profligate spending has become the norm.
Investors flooded into the market like crazy, handing over their free money to those companies, and then the company's operators squandered the money.
Advertising is what they are most willing to pay for, because spending money on advertising will make them favored by more investors.
In addition, after these operators get the money, they will also invest it in other Internet companies, so the bubble will get bigger and bigger.
A calm analysis shows that even if a certain company's plan is very good and very feasible, a large number of companies have the same business opportunities in the same field. No matter how good these plans are, there will only be one winner in each sector. Therefore,
Most companies with the same plan will fail.
On the whole, it is actually a big wave. When the big wave passes, the really good ones are left behind. This is the best time to enter the market.
Investors will definitely understand this if they think calmly, but the Internet has developed so fast in recent years that some investors have become confused.
Jimmy has been keeping an eye on these Internet manufacturers, not just with his eyes, but also trying every means to investigate the operating conditions of these companies, trying to verify whether his and Yu Dong's predictions were correct.
Just within these two months, Jimmy investigated something interesting. It is clear that the New Year period is the time when various companies use the most equipment, but the retail performance of the Internet industry during the Christmas period is not good.
It's just that the true performance of Internet retailers will not be made public until the annual and quarterly reports of listed companies in March. This means that most people still don't know the performance of Internet retailers. Jimmy has been keeping an eye on it.
Found some clues.
Once these poor results are made public in March, they will definitely have a great impact on investor confidence.
It is worth mentioning that just over a week ago, AOL announced that it would acquire Time Warner, involving an amount of more than 160 billion U.S. dollars.
The acquisition attracted worldwide attention, with all media focusing on the two companies.
On one side is the world's largest Internet service provider, which controls 40% of the Internet users in the United States. On the other side is the media giant, the second largest cable TV provider in the United States, which controls 20% of the TV users in the United States and many more.
It owns radio and television organizations, newspapers, magazines, owns the optical cables that transmit cable TV, and is also the carrier of Internet service providers.
Most people believe that if the merger of the two companies is successful, the prospects will be unlimited.
By then, AOL will be able to completely solve the bottleneck of Internet access - the broadband problem - by leveraging Time Warner's resources such as the second largest cable TV network in the United States, thereby providing high-speed access services.
Although AOL's stock fell after the news was announced, most people believe this is just a temporary fluctuation and will soon recover.
In fact, it has been revealed that AOL wants to acquire Time Warner. Lenovo has already known about this news a long time ago, so it reached a strategic cooperation with AOL in an attempt to encircle and suppress the deep space company in China.
In December, AOL disclosed its idea to the public. A board member was interviewed by a Time Warner reporter. When asked whether Disney might become an acquisition target of AOL, the member replied:
Maybe Time Warner is more interesting.
Half a month later, when AOL CEO Steven Case was asked in an interview why he was interested in Time Warner, Steven Case said that in addition to AOL's 17 million users,
There is no real estate, such as factories, movie theaters, libraries, etc.
Steven Case was rarely pragmatic. He believed that AOL had nothing more than a group of people who spent all day online chatting about trivial matters. People realized that AOL lacked material assets, knowledge and time.
So AOL wanted to fill the virtual space with something physical.
At this time, Time Warner was also planning a transformation.
Time Warner is one of the largest media groups in the world. It owns TV stations such as CNN, TNT, and cartoons, as well as many magazines, newspapers, and publishing houses. It covers a wide range of fields, but the booming development of the Internet has changed everything for them.
Eclipsed.
In this way, the two bastards see each other right when they look at Mung Bean, and they both feel that they are destined for each other.
However, this acquisition cannot take effect immediately. It still needs approval from the Internet Communications Commission and the Federal Trade Commission, which is expected to take some time, probably at least a few months.
When he saw this news, Yu Dong couldn't help but sigh, AOL is really rich, with more than 160 billion US dollars.
The place with the highest GDP in China last year was Shanghai, which was just over 400 billion yuan. The money spent by AOL to acquire Time Warner was several times the GDP of Shanghai. Although it is impossible to pay in cash, it is also very scary. AOL Pocket
There must be a lot of cash in it to be able to promote this acquisition. Otherwise, the expenses involved in the acquisition process alone would be enough to give them a headache.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! If AOL spent money to compete with Deep Space Company on tribal management, Deep Space Company would definitely not be able to defeat AOL, but AOL did not do this
, because they think it costs too much and is not cost-effective.
In addition, with this acquisition of Time Warner, Steven Case also wants to use Time Warner's energy in the traditional media industry to attack Deep Space Company. AOL did not take advantage of the previous battles. Steven Case
I think they suffer from the power of the media.
If they had had the support of Time Warner at that time, they would have at least been able to go back and forth with Deep Space in terms of recruiting stars in the early stage.
Steven Case may hope that after acquiring Time Warner, he can easily crush Deep Space Company, but Yu Dong is relieved because he knows that after acquiring Time Warner, AOL will no longer be able to find Deep Space Company.
Trouble.
…
"What a waste! It's stuck!"
In an Internet cafe near Jinling University, a loud voice sounded, and the accent did not sound like a Chinese one.
Qin Fen, who was listening to the song, curled his lips and turned to look in the direction of the sound. Then he saw two foreigners with blond hair and blue eyes. One of them, a rough-looking one, was holding up his hands. He should have shouted the words just now.
Although the foreigner had a strong accent, the boss still understood that someone was calling him and ran over quickly, "Brother, what's wrong?"
When the foreigner saw the boss coming, he muttered a lot, and finally pointed at the computer screen and said, "It's stuck, it's stuck."
After saying that it still didn't work, the foreigner typed out a few letters in the dialog box. The boss raised his head and saw that it was: kale.
Seeing the stuck pinyin, the boss nodded repeatedly, "I understand, I understand, but the network is indeed not stable sometimes, so you two will take care of it for a moment."
The two foreigners chatted a lot to the boss again, leaving the boss confused.
Qin Fen couldn't stand it anymore and said, "They said there are some fun single-player games. They can't understand the Chinese characters, so they asked you to recommend them."
The boss looked confused, "I can understand Chinese characters, but how can I tell them?"
Qin Fen curled his lips and said, "Let me tell them."
The boss was overjoyed and quickly took out a cigarette from his pocket to give one to Qin Fen. Qin Fen waved his hand repeatedly, "I don't smoke."
After pushing the cigarette away, Qin Fen said to the two foreigners: "Brothers, I'm watching you guys play StarCraft. Why don't you find two people to play two versus two? Let's find a few people to play Half-Life."
Hacoon smiled when he heard Qin Fen's fluent English, "Hello, hello, we want to play "StarCraft" online, but it seems to be too stuck."
"It's not that laggy. The main reason is that you can't read Chinese characters and the settings are wrong, so it's quite laggy. Are you tourists coming to Jinling? Why do you get here to access the Internet?"
Mars said helplessly: "We came to watch the WCG competition and the Deep Space Annual Meeting. The Internet cafes around the hotel were all full. We originally wanted to go to the Deep Space Internet Cafe. There were more people. It took us a long time to find it.
."
Qin Fen scratched his head. He actually didn't understand why these two people came to China to play. Why did they go to the Internet cafe to surf the Internet in the middle of the night? Isn't this a waste of time?
However, Qin Fen ignored one problem. He was also a tourist, and he also went to the Internet cafe in the middle of the night to surf the Internet.
"Ahem, where are you from?" Qin Fen asked again.
"New York." Hacohen smiled.
"Did you go to today's writer theme day?"
"Of course." Mars nodded, "We waited in line for a long time and got signed books from several writers. Unfortunately, we didn't get YU's books. We got there a little late and couldn't get in line. He only signed for a while.
"
"That's such a pity." Qin Fen felt sorry for them: "If you can get YU's signed book, your trip will be worth it."
"Haha, I actually feel it's worth it. The Deep Space Park is more interesting than I thought. I just hope that we can get a signed CD at Jay's autograph session tomorrow."
Qin Fen raised his eyebrows and said, "You're talking about jaychou?"
"Of course, we are here just for him."
Looking at the stars in Hacoun's eyes, Qin Fen couldn't help but shudder. A big man with a beard made such an expression, and the feeling of separation was too strong.
But Qin Fen could tell that this foreigner really liked Jay Chou.
Qin Fen was not particularly surprised by this, because he knew that Jay Chou was also quite popular in Europe and the United States, and it was normal for a few fans to come here specifically to see Jay Chou.
"Hacohen admires Jay very much and even listens to his songs to learn Chinese," Mars said with a smile.
"Uh..." Qin Fen couldn't help but give a thumbs up, "Awesome, but your academic performance is not very good. Did you learn the words 'boss, stuck' in such a long time?"
Hacohen laughed, "These two words have nothing to do with jay. We just learned boss, but we learned stuck in the United States?"
Qin Fen became interested, "Who did you learn from? Do you have any Chinese friends?"
Mars waved his hand and said, "No, no, stuck is a very popular word on the American Internet, and most of the Internet users can use it."
The interest on Qin Fen's face turned into surprise, "Why is this?"
Hacohen explained with a smile: "It's because of a tribe that depp posted before. There are only two words in that tribe, shit, kale. Obviously, kale is definitely not cabbage. Some people speculate that it may be a person. It's anyone's guess.
Yes, we have looked for all the celebrities who may have grievances with Depp, but we can't find them."
"and after?"
"Later." Hacohen curled his lips: "Later I found out that Depp's network was stuck during the lottery, so he wrote this sentence. The reason why he used Chinese pinyin was because he happened to be learning Chinese at that time."
After that, netizens knew that lag means network lag, and it felt very easy to use, so everyone started using it.
When playing games, as long as the network is stuck, players will type "kale".
"It's quite amazing." Qin Fen nodded with emotion. He didn't expect that the pinyin of "stuck" would be a popular word in the United States. Everyone used it, which seemed to bring Chinese players closer to American players.
"This is nothing. In fact, it is very normal. We usually use a lot of pinyin, such as gun. When we learned that this pinyin means "go away," many netizens also often use it, because you know, this word is very popular in English.
It means gun." Mars laughed.
"Indeed, there are many such words, such as mm, gg, 886."
Hearing Hacohen's words, Qin Fen was extremely shocked, because they usually use the Internet terms mm, gg, and 886.
Take him for example, although mm and gg are not used very often, 886 is used basically every day. He uses dong dong to chat with people, and the last sentence is definitely 886.
What's interesting is that 886 comes from the word "bye bye", which comes from the English word "bye bye". Now Americans use 886.
But one thing is for sure, these abbreviations are simple, definitely easier than spelling them out.
Chapter completed!