Back to 1995

Chapter 905 No Contrast No Harm

Hearing that Song Yang directly refused to take over the 5% stake in ICQ, and clearly rejected Immelt's proposal, Brian Roberts, old Bronfman and others were all surprised, and Immelt couldn't help being in a daze.

Song Yang directly rejected all his proposals, he will not take over the equity of ICQ, he will not invest money in ICQ, and naturally he will not return to the board of directors to help ICQ tide over the difficulties!

Immelt couldn't help clenching his fists, his face was obscure and ugly, he had already condemned himself, which was equivalent to admitting defeat, Song Yang didn't even appreciate it, this is for Immelt , nothing more than the greatest humiliation.

Immelt was once the head of two giants with a market value of over 4000 billion US dollars. Who would dare to reject his proposal? Get off the last fig leaf on Immelt!

Now Immelt is no longer the head of a company with a market value of nearly one trillion dollars. One word can shake dozens of industries, and one order can make hundreds of thousands of employees busy. ICQ is in danger. Now, GM Electric is also in debt. Immelt is not the time to sway his power, but needs to barely maintain his power.

Form is better than people. At the beginning of the year, Song Yang would not give Immelt face, but now, Feng Shui turns, Song Yang does not make trouble, and it is good to step on both feet, let alone sweep Yi Melt's face.

Taking a deep breath, Immelt let go of his clenched fists, suppressed any anger, and said to Song Yang earnestly, "Song, you should understand that business is business, whether it's me or Edgar Bronff Jr. Man, just did what was supposed to be done.

Now ICQ has reached the brink of crisis. If you don’t take action, it may really fall into crisis. By then, your 10% ICQ equity will also become waste paper! "

Immelt persuaded Song Yang that if ICQ is not rescued now, then Song Yang's ICQ equity worth billions of dollars may also become waste paper. Saving ICQ is also a beautiful sword in Song Yang's hands.

Hearing Immelt's words, Song Yang cast his eyes on him, as well as everyone in the conference room, and chuckled, "Some companies are worth saving, while others are not worth saving at all!"

"ICQ missed the best opportunity. It shouldn't be like this. I gave up ICQ's majority shareholder position in the hope that it could go further, but now..."

Song Yang sighed helplessly, as if it was all the fault of Immelt and Edgar Bronfman Jr. If it weren't for their internal strife for the profit, how could ICQ have fallen into this situation.

It is true that Song Yang wants to get back the majority shareholder status of ICQ, but before that, ICQ must be dealt the last sap, making ICQ into a situation where it is completely hopeless and can only wait for death, and all scapegoats must be pushed away. To Immelt and Edgar Bronfman Jr., who delayed ICQ.

Nothing can be broken, nothing can be established, only when ICQ is completely hopeless can Song Yang come back and clean up the mess, otherwise someone will come out and jump back and drag his legs...

After dumping the blame on Immelt, Song Yang stood up and left the meeting room with a face of "sadness". Then Brian Roberts and the person in charge of the Telephone and Telegraph Group also left in a hurry, leaving only Immelt and Old Bronfman two.

The personnel in the entire ICQ headquarters building are basically not in the mood to work today. They are all waiting for the results of today's meeting and negotiations. They also hope to end the chaos in ICQ. ICQ invests in repurchasing shares and other good news.

But after seeing the look on the face of Song Yang who came out first, the ICQ executives had a bad feeling.

The ICQ internal communication group was also full of discussions. When Song Yang walked out of the meeting room, the ICQ internal communication group was the first to report, "This meeting of the board of directors seems to have collapsed!"

Hearing the news, the media and reporters who were standing at the gate of the ICQ headquarters were all ready to wait for a day. As a result, Song Yang came out of the ICQ headquarters less than half an hour after the board meeting started.

"Song, what agreement did the ICQ board of directors reach today?!"

"Are you going to be the new chairman of ICQ?!"

A large group of reporters and media surrounded Song Yang asking various questions, while Song Yang just waved his hands with a serious expression, showing no comment.

But under the escort of Wulf and other security personnel, when he was about to board the car, Song Yang finally couldn't help turning his head, and said in a low voice to a large group of media reporters, "I never thought that ICQ would reach such a point , Now ICQ, I don't know it at all!

No, no, in the short term, I will not invest more money in ICQ, whether American Telecom will leave ICQ, and ICQ's stock price and debt issues, that is not a question I need to consider, I should ask Immelt President! "

"Bruno Song, I am extremely disappointed in ICQ!"

"Maybe ICQ could become history!"

"Bruno Song threatened that Immelt and Edgar Bronfman Jr. ruined ICQ, ICQ is hopeless!"

When the ICQ board meeting ended and Song Yang said those words in front of the media, various news began to fly all over the sky, and the news that ICQ was about to be split was even more heated.

The Wall Street Journal reported on the same day, "ICQ's stock price fell sharply again today, and its market value has fallen below $750 billion, a new low since its listing!

The ICQ meeting held today ended without a problem, and no effective agreement was signed. Although President Immelt claimed to change the situation of ICQ, he still failed to raise new funds for ICQ to repay debts. Wall Street investment banks, Bank of America, etc., They all hold a wait-and-see attitude towards providing loans to ICQ, and General Electric, where Immelt is the president, is also seeking funds!

According to another source, ICQ founder, former chairman and major shareholder Bruno Song refused to invest in ICQ and was unwilling to subscribe for new shares issued by ICQ..."

The last straw that broke the camel's back was when today's news came out that even Song Yang, the founder, "abandoned" ICQ, which made the leeks completely give up.

The rumors that ICQ is dead, and that papers were burned, spread wildly throughout the investment industry. That night, many Silicon Valley venture capitals, Wall Street institutions, investment banks, and pension funds issued announcements to completely liquidate ICQ stocks!

If these news only make the leeks despair, the most heart-wrenching thing is that the San Jose Daily and ICNC TV station jointly released the news the next day, which was jointly established by Song Yang's North American Global Investment Foundation and PayPal "Spark Fund" was officially established!
The Spark Fund claims to be dedicated to investing in potential Internet and technology companies, to keep a line of fire for Silicon Valley and the Internet industry, and to save the Internet from crisis. The initial investment is as high as 50 billion dollars, and Song Yang personally acts as an investment consultant. In the future, Song Yang will also invest a large sum of dollars in the Spark Fund.

While not investing US dollars in ICQ, at the same time throwing money in Internet companies with "potential" and salvation, the comparison should not be too strong!

The Spark Fund is not just talking about it. At noon that day, the "Spark Fund" announced that it has bought [-] million US dollars in Amazon shares, and will buy no less than [-] billion US dollars in total.

Amazon's market value was only US$40 billion at this time, and Song Yang was about to buy one-third of the stock in one go, and Amazon's stock price skyrocketed that day!
Subsequently, Sohu, Sina, Netease, Fortinet, Yeadex and other companies were also publicly announced to buy stocks by the "Spark Fund", and Bruno's concept stocks came back out of the arena!
In stark contrast to Amazon is ICQ, whose stock price plummeted throughout the day, and its market value repeatedly fell below the $700 billion mark that day. This is the psychological defense line of countless people, but it was repeatedly broken through today.

"No matter who it is, it can't save the Amazon. Of course I've heard Bruno Song's name, but he can't save the Amazon either!"

As an analyst at the Lehman Brothers investment bank and a well-known stock analyst in America, Surya, who is known as the wind vane of the new generation of America's stock market, sat in the studio of the TV program and criticized Fang Qiu.

He was the first analyst to be bearish on Amazon. After Amazon's stock price collapsed, he quickly became popular on Wall Street and the investment industry. The outside world called him "the embodiment of conscience and wisdom on Wall Street", and Business Week praised him as an "investor You must call the alarm early." Fortune magazine called Surya a giant killer. Countless people who have suffered terrible losses regard his words as the truth, only regretting that they did not listen to the master's teachings earlier.

"I can now safely bet that Amazon will never make money!"

"Because Amazon's real problem is its operating model. Amazon's operating model is not working. This is a real problem!"

"I don't think anyone who invests in Amazon can change Amazon's situation, even if its stock price has temporarily increased!"

Surya is fully firing in front of the camera, even Song Yang is within his range of firepower, Su Li did not question Song Yang's investment vision, but still in the show, he respectfully taught his followers They say, "Times have changed and no one wins forever..."

(End of this chapter)