Back to 1995

Chapter 535 Roadside stall

How much potential the PayPal payment platform has, or whether it can harvest leeks, is what Wall Street is concerned about.

Now the PayPal payment platform mainly earns money transfer transaction fees, which is just a small business for big banks such as Goldman Sachs, Morgan, and Citigroup.

These big banks and investment banks are mainly engaged in investment, funds, bonds, etc., which can cost tens of billions of dollars at every turn. They are also the driving force behind the current Internet frenzy. Without the investment of these big banks, how can the Internet industry develop? stand up.

Of course, sometimes they will cut some overseas leeks, like this time in Southeast Asia, they are also willing to do it. Cutting a crop of leeks is equivalent to earning a profit of one or two years!
Putting it on PayPal, Goldman Sachs and others also want to know whether PayPal can become their partner. In the past, they issued funds, bonds, etc. through banks, and then looked for users with a certain worth to subscribe. To put it bluntly, there is a threshold .

The Internet investment fund issued by PayPal this time has no threshold at all. As long as you are a user registered on PayPal, no matter how much you are worth, there is no limit to the number of shares you can buy at one time. You can subscribe for a fund for only ten dollars.

This is definitely not allowed on Wall Street and banks in the past, but now, there is no formal federal law in America, PayPal can't do this, it can do it without the law, and it's the same in the federal government. It is true that PayPal took advantage of a loophole, but there is no federal bill that stipulates that PayPal cannot do this!
Perhaps in the future, on Capitol Hill, or in the American state legislatures, clauses restricting Internet financial management will be passed, but it will be a few years later, and the year of the monkey will be gone, and the carnival feast will be over long ago.

At the Goldman Sachs headquarters, Paulson is at his desk processing documents, and Soros is still doing things in Southeast Asia. Siam, Bangzi, Malaysia, Indonesia, Singapore and other places have all been scoured by Soros with a hyena-like hedge fund. .

When Soros and the others took action, Goldman Sachs also stood behind and made a lot of money. After Soros and the others left, the Federal Monetary Fund formed by Goldman Sachs entered the market and began to buy local banks, insurance, and real estate at cabbage prices. , Securities, shopping malls, and large companies in various industries simply don’t make too much money.

Bangzi, Siam and other places have almost been divided up, but now Goldman Sachs and Soros have some differences. The red-eyed Soros does not want to follow the original plan to finish these places in Southeast Asia before going to Lao Maozi , Mexico, Brazil and other emerging markets to toss.

To put it bluntly, Goldman Sachs is using Soros and his gang of hedge funds as gunmen, first using them to grab these sites, and then Goldman Sachs will use them as saviors to save these places from fire and water, and of course make another profit by the way. .

"So Soros is unwilling to leave?" Paulson raised his head and asked Pellet Greene at the desk.

This time, all parts of Southeast Asia have been horrified. Only the foreign exchange of Hong Kong City, Baodao, and Japan has not collapsed, but the stock market and real estate have fallen terribly. According to Paulson’s meaning, I don’t want to fight any more. At this time, I just need to cut leeks with peace of mind. These places are now full of cabbage-priced industries, and it’s enough to get them and wait for them to appreciate.

"Soros and Quantum Fund still have some ideas about the foreign exchange of Hong Kong City and Japan Benzene!"

Pellet Greene does not want Goldman Sachs to conflict with Quantum Fund. These days, it is not so easy to find a black glove, especially a capable and influential black glove like Soros.

But Soros, he has a different idea. He is about to retire, he will not make a big move, and he will not give up. He has successively broken the foreign exchange markets in Siam, Bangzi, Singapore and other places, which makes him want to continue to fight. idea.

Snorting coldly, Paulson said mockingly, "People always want to do things beyond their abilities to prove their abilities!"

Pele Greene lowered his head, not daring to answer Paulson's words. Others fear Soros like a tiger, like people in Southeast Asia, when they mention Soros, they fear like a wolf or tiger. But for Paulson, But it is not worth mentioning at all. Without Goldman Sachs and them providing ammunition behind them, how could Soros set off such a big storm?
To put it bluntly, Soros is still bullying others, using Ameri's powerful strength to suppress Siam, Bangzi and other places, and forcibly cut their leeks. Otherwise, Soros really thinks he can move these places by himself?

"Goldman Sachs withdrew its funds and will no longer take action against Hong Kong City and Japan Benzene!"

Paulson thought for a while, and said directly to Pellet Greene, next, Goldman Sachs is going to invest in Asia. What he said to Song Yang before is not a lie. While investing, I don’t want to be a mess, and it’s a mess, so what is Goldman Sachs doing?
"If we quit now, Soros' Quantum Fund, I'm afraid..." Pellet Greene said hastily. Once Goldman Sachs, the leading brother, stops fighting, other Wall Street banks and institutions will definitely leave. How could it be possible to spend hundreds of billions of dollars to help hedge funds? This is absolutely nonsense.

Paulson waved his hand and didn't let Pellet Greene continue. Soros and the others were unwilling to follow the plan formulated by Goldman Sachs, so Paulson didn't bother to support them. He knew who was in charge of Wall Street.

When he was about to let Pellet Greene leave, Paulson suddenly thought of PayPal payment, "Goldman Sachs sold that Internet fund on the PayPal platform, how is it selling now?"

Investing in PayPal is Paulson's decision. Although no one can question him, Paulson doesn't want to be famous in his own life and stumble. He still wants to know how PayPal is doing now.

Glancing at the IWC watch in his hand, Pellet Greene said, "At this time, it should start selling. This fund is now held by the best Internet fund manager of Goldman Sachs, with a total scale of 5000 million U.S. dollars. The funding period is one month, and if PayPal goes well, it is estimated that about 50% of the fundraising will be completed this week..."

Pellet Greene analyzed this based on his previous experience in fundraising. Previously, most of the funds were issued by banks, promoted by banks, and completed fundraising within three months.

If a fund performs well, its scale will continue to grow. The manager who manages this fund will also become a star fund manager, and the management fee will continue to increase.

But no matter what, the funds issued by Goldman Sachs and other banks and institutions also developed slowly. Sometimes during the fundraising period, they may not be able to sell all of them. They are still looking for powerful users to buy. Yes, this time PayPal is open for sale, no one knows what will happen.

After Pellet Greene finished speaking, when he was about to leave, the door of Paulson's office was pushed open, and an assistant rushed in.

"President Paulson, Manager Greene," the assistant called out to the two, and then said in a hurry, "PayPal has received news that the Internet funds issued for Goldman Sachs are now... all sold out." !"

Pellet Greene, who was just about to leave the office gate, froze in place, and Paulson also raised his bald head, wondering if he had heard it wrong.

"Short?" Paulson couldn't help asking.

The assistant nodded, "This is the news from PayPal!"

Paulson and Pellet Greene glanced at each other, and they felt that this seemed a bit beyond their expectations. According to normal experience, even if they are looking for rich Americans who are worth more than one million dollars on paper, they want to To get them to take over this $5000 million fund, you have to find more than 500 people, and you have to make them all willingly hand over $[-] in cash.

But in fact, it is impossible. With a worth of millions on paper, it is not bad to be able to come up with tens of thousands of dollars. Such people have to find thousands, or even more, even if it is a bank. It is estimated that it will take a few days to complete the network and relationship.

But what is the worth of those users on the PayPal platform, not to mention how long has it been on sale? !

No matter how Paulson and Pellet Greene felt, the entire Wall Street also watched helplessly. The first fund released on the PayPal platform was sold out in less than an hour!
It is unknown whether this has set a new record, but the entire Wall Street, major banks, investment banks, and institutions were stunned when they saw this scene, which subverted their imagination.

Originally, these funds were always aimed at the middle-class and even the rich. They had never considered that the American gang beat workers and the like, but this time PayPal was aimed at these people. No need Nine-nine-eight, you don’t need 98, you only need ten dollars, you can buy funds that used to require a threshold, and it is also the hottest Internet industry fund, buy it and earn it!
Simple and straightforward, there are no high-end investment consultants, managers, etc. PayPal is like a small vendor on the side of the road this time, running to passers-by and asking, do you want a fund?
This time, PayPal broke the image of Wall Street, but it seems that the curative effect is very significant. This time, it attracted 8 people from America and overseas to participate in the fund issued by PayPal. I don’t know how it will be in the future, but This time, it set a record for the largest number of fund subscriptions in America.

For a while, Wall Street didn't know whether to be happy or to be silent. Anyway, when the news came out, the major investment banks did not make a sound for a long time, but they all responded quickly. Goldman Sachs, Morgan, Citigroup, etc., announced that they would issue via the PayPal platform. New fund!

(End of this chapter)