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Chapter 892 The Winter is Coming
"Silicon Valley currently has more than 53 Internet companies that have declared bankruptcy, including well-known websites such as Pest. It is estimated that in the future, more than 52% of Internet companies will face bankruptcy due to broken capital chains!"

"Nasdaq is ushering in the largest wave of bankruptcy and layoffs in history. Some statistical agencies claim that more than two-fifths of Internet practitioners are expected to face unemployment in the future..."

"The Nasdaq index continues to fall, and the market value of Nasdaq's over two trillion dollars is shattered!"

"Yahoo, Lycos, Excite and many other Internet companies once again call on the federal financial department to rescue the market!"

The Wall Street Journal warned investors, "The risk is not lifted. Even if the market value of Internet concept stocks is almost halved, they still face the risk of falling!"

Washington Post, "It's time to re-examine the relationship between traditional industries and emerging technology industries. Traditional industries may not be so "old", and the technology industry is not so "fashionable."

"Today, Bernard Ebbes, President of WorldCom, will participate in an inquiry in the Manhattan District Court. If all the charges against Ebbes are confirmed, Ebbes may face up to 25 years in prison, including a $6500 million fine. fine!"

Bernard Ebes, who appeared outside the federal courthouse in Manhattan, lost his former demeanor. Standing behind his wife and lawyer, he looked sad and terrified, as if he had been frightened. He no longer had the toughness of those years. Obviously, the inquiry in the Manhattan court did not go well.

As soon as this photo was released, it became a famous scene, and it was reprinted by major media, and it made the headlines of major media.

"Enron Group, denies all allegations made by former vice president Sharon Watkins, declares that Enron Group is all right!"

An Ran's dead duck is stubborn. After seeing the end of WorldCom, the president of WorldCom is facing a prison sentence. The final end of WorldCom may be bankruptcy or being split off.

Seeing this situation, Enron turned his head to the end and completely denied the revelation of Sharon Watkins, but Enron President Kenneth, who was flying all over America with the Mavericks and canvassing votes for him, also returned to Houston urgently .

For some reason, the Little Cowboy team, who has been claiming to be an old friend of Kenneth for decades, suddenly changed its tune and stopped taking Kenneth’s private jet. When the Little Cowboy mentioned Kenneth, he kept silent, even directly saying Come out, "I don't know him well".

In other states of America, the focus of attention may still be the federal election, but in Silicon Valley and Wall Street, if you open a newspaper, magazine, or local TV station, there will be overwhelming reports on Nasdaq.

The Nasdaq continued to fall, without even a sign of "turning back to the sun", and it immediately became cold, which made all investors unexpected.

As for the Internet companies on Nasdaq, each one is more miserable than the other. In a short period of time, a large number of companies have gone bankrupt and delisted. Internet giants such as ICQ, Yahoo, and AOL Time Warner, the stock prices have been directly affected by the stock price. cut in half!
Of course, there are also those who do not believe in evil and want to buy the bottom of the Internet. The current ending is to go to the rooftop of the Nasdaq trading hall to queue up...

"I need to see Song, just let me meet!"

"Please tell Song that I can transfer 50% of the equity to him for only 50 US dollars. Two months ago, Sequoia Investment was willing to invest 1200 million US dollars for this equity..."

Outside the manor of the Bruno Family Club, a large number of people gathered at some time. These people used to be the "upstarts" of the Internet. They all gathered in front of the club.

If it weren't for the fact that in front of the Bruno Family Club, there were a group of heavily armed Blackwater security guards with full security equipment, and a group of hounds, and behind the club's gate there were several covered steel giants, maybe someone would really start rushed to the club door.

The sudden collapse of the Internet has brought about earth-shaking changes in the global Internet landscape. In the past, venture capitalists, Wall Street institutions, banks, foundations, and overseas consortiums all regarded the Internet as a treasure, and held it in their hands for fear of falling. The mouth is afraid, and frantically throwing money into the Internet industry.

At that time, a rookie who had just graduated from a computer science major could earn $10,000+ in annual salary, and if he was lucky, he could even receive bonuses worth millions of dollars.

And as for the founders of Internet companies, let alone, as long as they can get venture capital, they can transform themselves overnight and become multi-millionaires with luxury cars, villas, and models at their fingertips.

The money comes so fast, and this is also the confidence for the upstarts of the Internet to spend recklessly. Whether it is from venture capital, Wall Street institutions or banks, they can easily get dollars.

But suddenly there was a cold night, and now the Internet is full of people shouting. During this period of time alone, because of the collapse of the Internet stock price, there are not one or two Internet companies that have been sued by leeks.

The original Britney is now Mrs. Niu. From formal channels, Internet companies can't raise a dollar at all. Even credit companies and companies that see the Internet all walk around with their tails between their tails, for fear of being scammed.

The stock price has collapsed, and it may be pulled back, but the confidence and reputation have collapsed, and it will not be repaired overnight. It will take at least a generation of people to make it possible!

Many people who don’t buy stocks have seen the tragic situation of the Internet, and the media has continuously reported how many middle-class families in America have gone bankrupt because of investing in the Internet, and how many Internet-heavy investors have jumped off the building. There are not a few people who eat less melons and start to regard the Internet as a scourge, and even start to call the Internet a "liar".

At this time, almost 90% of the Internet companies in Silicon Valley were just spending money before, and they never thought of saving cash. At this time, they are all facing the problem of broken capital chains, and many of them are even desperate.

There is no way to get funds through formal channels or side channels. Many Internet companies have begun to target individual investors with their ideas. Among them, Song Yang's name is the first choice...

Before this Internet crash, Song Yang cashed out a large sum of dollars in the name of investing in sports, new energy vehicles, and private space exploration.

There are even media estimates that Song Yang’s cash cash out may exceed tens of billions of dollars. They all began to regard Song Yang as a life-saving straw, waiting in front of the gate of the Bruno Family Club.

For the entire Silicon Valley, there is a sense of desperation now, counting on the federal finances and Capitol Hill to rescue the market, but there is no news. The donkey party and the elephant party are now fighting fiercely. Situation, they are all silent, obviously unwilling to clean up the mess easily, and don't want to accidentally put a huge burden on themselves.

On the other hand, the Federal Reserve keeps raising interest rates for US dollars. It is constantly withdrawing huge amounts of US dollars from Nasdaq and the Internet. Raising interest rates for US dollars is cutting the world's leeks. How can it be possible because of an Internet industry? And stop!
The Internet and the technology industry are becoming more and more explosive, and foreign aid has been delayed. Looking around, it seems that the only person who can save them is Bruno Song, the "once" boss of the Internet.

It was not just one or two people who thought of this. Countless upstarts and geniuses from the Internet came to the club just to see Song Yang. Immediately began to cry, in front of the entire club, it can be said that all kinds of beings are being staged.

"Song, old Bronfman wants to see you, he seems to want to transfer the rest of ICQ shares held by the Bronfman family to you!

Comcast Group, Telephone and Telegraph Group, etc. also have this willingness! "

Inside the club, Marcus said to Song Yang who was flipping through the latest issue of the "Forbes Rich List" magazine that was just released.

Song Yang saw Buffett, who was ranked No. [-] by Forbes magazine this year, and aspired to be the world's richest man, and shook his head lightly.

(End of this chapter)