Back to 1995

Chapter 842 The Beauty of Adulthood
Wall Street can become the center of America and control the situation in America not only because of its sharpness and quick cutting of leeks, but also because of its outstanding strength. A large number of math geniuses are supporting them with an annual salary of millions or tens of millions of dollars, but they are not just for nothing.

To put it bluntly, those who play investment should lend real money to those companies and bet on those companies to make a fortune. This requires that the group of Wall Street analysts have an extreme understanding of the entire industry and the companies they invest in. That's all right, otherwise the ship will capsize in the gutter.

It is possible to turn over the ship in the gutter, but it is impossible to turn over all of them. As the boss of Wall Street, Goldman Sachs is the top in both the ability of analysts and the channels for obtaining inside information.

And just this year, after sorting out the revenue, user growth, performance, etc. of the famous companies in the entire America, and even the global Internet, the result surprised Goldman Sachs Internet industry analysts. The revenue of the entire Internet industry has actually fallen, but some have fallen more and some have fallen less.

If it’s just one or two companies, it’s okay to say, but the revenue of the entire Internet industry has begun to shrink, especially the Internet advertising revenue that supports it, which has plunged even more. This made the Internet analysts at Goldman Sachs really scared.

Analysts at Goldman Sachs are not sure whether this is temporary, or whether the entire Internet industry can't bear it any longer. No funder is willing to invest money, and the investment department dare not make decisions lightly. All these data are handed over to Paulson.

Holding these performance reports in his hand, Paulson knew that soon, several other major institutions on Wall Street would also receive these news. It was only a matter of time. After all, the risk control departments of major investment banks were not vegetarians.

The Internet industry has run out of money. Paulson looked at these reports, only those of a few major companies, and then threw them aside, saying this in his heart.

How did the Internet start? In just four or five years, it has expanded into an existence comparable to traditional industries that have developed for tens of hundreds of years. The major Internet companies are even more profligate. The founders frequently use sports cars, villas, and models. , Celebrities, even ordinary employees, can get stock options, instantly worth millions!
Everything looks good, but all of this is due to the American Bank, Wall Street investment banks, Silicon Valley venture capital, and various foundations desperately throwing money. The plate is a bit too big. ICQ alone, plus AOL and Yahoo, has a market value of nearly one trillion US dollars.

There are too many Internet companies now. Thousands or even tens of thousands of Internet companies are counting on going public to make money, and relying on advertising fees to make a living. No matter how rich and powerful America is, it is impossible to do so!
Wall Street investment banks are not doing charity. Silicon Valley venture capital companies only have a few dollars. When Bank of America feels that the Internet is a bit risky and tightens its purse strings, the dollars flowing to the Internet will be significantly reduced. .

More and more people want to eat the rice bowl of the Internet, but fewer and fewer people cook. When everyone can't eat, it must be time to smash the pot!

Paulson doesn't know when the pot of the Internet will be smashed. This year or next year, it may take some time before the performance of major Internet companies is reflected in the stock price.

Now Nasdaq is still in a frenzy, and there are still leeks buying, buying, and buying. For a while, the leeks who are full of beautiful knives will not be discouraged. However, paper can’t hold fire. The performance of this quarter can be Fooling the past, the next quarter, the year-end results, sooner or later there will be a thunderstorm, no one can change this!

Paulson frowned. As one of the wind blowers of the Internet, Goldman Sachs, unlike Lehman Brothers and Bear Stearns, who rushed to get on the bus halfway, started investing early in the morning. Internet companies, Goldman Sachs have equity, and have made a lot of money.

From ICQ alone, the equity held by Goldman Sachs is worth more than tens of billions of dollars. As long as it can be cashed out, Goldman Sachs will earn it!

Song Yang is running ahead of time, which Paulson did not expect. He can make up his mind to throw away an empire with a market value of nearly 4000 billion US dollars, and hand it over to others. Paulson has some admiration for the person who can make this decision , but I also have some regrets that Song Yang was not cut off...

The way Goldman Sachs makes money is not only by investing in these Internet companies to make money, don't forget its name, the number one big short on Wall Street!

Other short-selling institutions on Wall Street are at most short-selling a company to make some small money. Goldman Sachs is aiming at hunting the stock market of a country. Two years ago, Soros ravaged the Southeast Asian stock market, and Goldman Sachs was behind it.

Paulson pursed the corners of his somewhat dry lips, feeling like a hungry wolf, smelling some prey, wanting to feast on a feast.

Seeing that the Internet industry, and even the entire Nasdaq, are somewhat unsustainable, Paulson doesn't care. The little dollars he earned from Internet companies, if he shorts Nasdaq, how much can Goldman Sachs earn? !

Thinking of smashing the Nasdaq Index, which already has more than 4000 points, and shorting Internet companies that cost hundreds of billions of dollars to only one-tenth of the original stock price, how much can Goldman Sachs earn by shorting?

After short selling and smashing the market, Goldman Sachs can buy those Internet giants backhandedly, eating two fish for one fish, and eating this wave is enough for Goldman Sachs to eat for several years.

Thinking of this, Paulson couldn't suppress his restless heart, but Paulson knew that this matter should not be rushed, but should be done slowly, and there is still enough time.

But Paulson also has some regrets. After cutting the leeks this time, he also needs to avoid the limelight, or take a temporary vacation, or enter the federal financial department through the revolving door and stay for a few years, because this wave is really offending people. It is too much.

Unlike cutting leeks overseas, no one can do anything to Paulson, but NASDAQ only cuts American companies and leeks. A large number of companies in Silicon Valley are estimated to be wiped out. Overseas consortiums and foundations , Wall Street institutions, even Bear Stearns investment bank, are estimated to be cut off by Goldman Sachs.

Even if no one dares to scold Paulson face to face, there will never be fewer scolding the [-]th generation of Paulson behind his back. Compared with what Goldman Sachs earns, and the bonuses, dividends, and equity rewards that Paulson can get, those infamy are nothing...

At the General Electric headquarters, when everyone sat down again, Immelt took the lead and announced that he had become the absolute official of ICQ. This merger has actually lost its suspense. Jia is talking, and the rest of the people are silent. Even if there are people who want to talk, whether Immelt is willing to listen is another matter.

Song Yang sat on the sidelines, thinking about the money that General Electric transferred to Song Yang, and the acquisition of Song Yang's 9% stake in ICQ by General Electric, almost all in cash.

Immelt gave Song Yang almost all of the 350 billion US dollars that General Electric had finally raised, which showed Stud's determination. Song Yang didn't ask for more, but only accepted the money based on the current market value of ICQ That's all.

Speaking of it, General Electric made a profit. After buying the equity, ICQ acquired the Bronfman Group, and the stock price and market value immediately soared. The 350% equity that GE bought back for US$9 billion immediately became 380 billion US dollars is 400 billion US dollars, it is safe to make a profit, but whether it can be cashed out, or the equity can be sold again, that is not something Song Yang needs to worry about.

According to Immelt's tone, he is going to turn ICQ into a century-old store like General Electric. Holding the equity of ICQ, he will not sell it for 100 years...

The beauty of an adult is a virtue, Song Yang naturally can't ruin Immelt's plan, everything is for ICQ!

"The Bronfman Group, I hope that this merger will not involve cash, and ICQ can complete the merger with the Bronfman Group through an equity swap!"

Little Edgar's voice brought Song Yang's thoughts back to the conference room.

Hearing that Edgar Bronfman Jr. didn't want a penny in cash, but wanted to use equity swaps to complete the merger and acquisition, Song Yang couldn't help but stared at him blankly, this guy really took an unusual path.

An elderly man sitting next to little Edgar, a veteran of the Bronfman family, became a little anxious on the spot, grabbed little Edgar and said in a low voice, "This Edgar, this is what we agreed on earlier. No, the old Mr. Bronfman did not agree to this plan..."

(End of this chapter)