Even with sufficient psychological preparation, the president of Proton Fund was still shocked by the losses.
The funds they managed suffered a 22% loss in this round of selling.
Of course, these losses were all investors' money.
A retired soldier shot his fund manager and the boss of the institution because he lost all his investment.
The whole Wall Street was in mourning, and the Nasdaq Composite Index fell by 18%, setting a record for consecutive declines and single-day declines.
This was just the beginning. In April, the federal court announced a penalty for splitting Microsoft.
The entire technology and Internet stocks began to fall rapidly.
Wang Lei knew very well that this was just the beginning. People are always too extreme, and the stock market will continue to be affected in the next year.
In addition, the building of the United States was attacked.
The Nasdaq index directly fell by 78% in 19 months, evaporating a market value of 5 trillion US dollars!
What is the concept of 5 trillion US dollars?
The total GDP of Longguo that year was only 1 trillion.
The Federal Reserve, realizing that it had gone too far, began to raise interest rates urgently, raising the interest rate by 175 basis points from 4.75% to 6.5% after six times.
Ding Sanshi of Wangyi, who was planning to follow the pace of the previous wave and go public, was completely confused.
"What the hell, I haven't gone public yet."
Wang Zhidong, who listened to the advice, looked at this scene and could only feel fortunate that they had an IPO early, and the US dollars raised could help them survive this Internet bubble.
Ding Sanshi and the shareholders of Wangyi fell into entanglement and hesitation.
Now that the Internet bubble in the US stock market has burst, they are going public in the face of the crisis, and their market value will definitely be underestimated, and the shareholders' investment will not get the due return.
"The arrow is on the string, and it has to be shot. If it is not listed at this time, Wangyi can only survive for three months at most!"
In the end, Ding Sanshi decided to go public against the wind, because only public offerings, no matter how much the subscription price is, are a life-saving antidote for Wangyi.
Ding Sanshi vaguely understood why Wang Lei did not give them any investment.
The other party accurately predicted the arrival of the Internet bubble. They were a step behind and were destined to fail to bring huge profits to the other party.
On the other hand, Qianlang, which was listed only a few months earlier than them, raised far more funds than them.
Although Qianlang has now fallen below the issue price, it does not prevent Qianlang from becoming the Internet company with the most abundant funds in Longguo.
…
Wang Lei was watching the latest financial news with great interest.
Today's headline is that the president of Proton Fund had to close several of its funds that suffered heavy losses. A series of mistakes made Proton Fund rumored to be about to go bankrupt.
Wang Lei couldn't help but admire this old rival whom he had never met. Proton Fund was sniped since 1997 and rumors of bankruptcy were repeatedly spread, but it survived.
I don't know if he can survive again this time.
This vitality like Xiaoqiang made Wang Lei look sideways.
There is also news that Pet.com and ZIP2 went bankrupt!
He remembered that these were the two companies Guy had invested in, and he shook his head. His former rivals were becoming more and more unbearable.
In this bubble, nearly 52% of Internet companies went bankrupt, and the remaining 80% also disappeared in the long river of history. Only a few companies got out of the crisis.
Guy lost his last chance to get out because of his indecisiveness.
Guy, who was pitied by Wang Lei, was standing on the balcony of a high-rise building at this time.
It took only 9 months for Pet.com to go from listing to bankruptcy, which was simply a fantasy.
Guy had not yet recovered from the joy of the merger of AOL and Time Warner, and fell into hell the next moment.
Various bad news followed, ZIP2 and Pet.com went bankrupt, Microsoft was sanctioned, stock prices plummeted, Netscape stocks plummeted, Yahoo stocks plummeted...
What he could not accept the most was that in just a few months, the market value of the newly merged AOL and Time Warner evaporated by 300 billion US dollars.
The merger of the two companies became the biggest joke of the new century.
The shareholders of the two companies had not even finished their honeymoon period when they started to argue with each other and almost went to court.
The bad news that filled his ears made Guy extremely painful.
Just then, his cell phone rang.
It was Kembauer!
"Guy, I heard that you have suffered a great loss. Do you want me to help you? We are all from the Ross family. If you beg me, I will definitely..."
Guy threw the phone down and jumped.
In the eyes of people who were accustomed to it, Guy fell heavily on a car.
"There is good news and bad news."
Kembauer did not expect that his words would make Guy go awayExtreme.
When he really saw the other person lying on the hospital bed wrapped like a dumpling, he felt guilty. If he hadn't been so mean, perhaps Guy, who was proud in his heart, wouldn't have jumped.
"The good news is that you won't die now."
"The bad news is that you will have to lie on the hospital bed for the rest of your life."
Although Guy survived, he was paralyzed and had brain surgery. Now he was looking at Kembauer and Ahben with confused eyes.
Ahben, who knew a little about the inside story, couldn't help but feel a little guilty.
"The doctor said that you may have a chance to stand up again through recuperation, but the hope is very slim."
In recent years, Guy's revival through the Internet has indeed put Kembauer under pressure.
The two of them were in the family and became the Ross twins.
This guilt was just a flash. Now Guy has lost the ability to compete with him for the position of the head of the family, and the elders can only choose him to take the position.
But when the sun shines on Ahebben's face, Kembauer begins to be wary of this strong woman again.
The family announced a new round of financial reports, and the profits of the luxury empire run by Ahebben are extremely dazzling.
This woman has unknowingly bought a lot of shops in prime locations and opened cosmetics and luxury chains.
In the past few years of the economic recovery of the United States, the bags and cosmetics she sold could circle the earth twice.
I don't know when Ahebben's status in the family has reached the point where she can sit on an equal footing with him.
"Can a woman become the head of the Ross family?"
Kembauer shook his head in self-mockery. This idea is absurd. The conservative elders would never allow this to happen.
Even if Ahebben is excellent, it won't work!
Ahebben also keenly noticed Kembauer's malicious eyes. According to Wang Lei's layout, he would be the next one to be dealt with.
She could foresee that the time for her to control the Ross family was not far away.
Ahebben revealed the news of Guy's suicide attempt to Wang Lei on the phone.
Upon hearing this news, Wang Lei couldn't help but sigh that Kembauer's mouth was really poisonous. He helped Ahebben solve a potential opponent.
"Ahebben, find an opportunity to get Guy's stocks of Microsoft, Netscape, Amazon, and other companies."
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