Reinventing the Millennium

As time approaches the final ruling date given by the ITC, the atmosphere in both the media and online platforms has gradually become turbulent.

In order to celebrate Nokia's change of head, Fang Zhuo only exchanged a few words with Simons in the air and then fell silent again. It seemed that he was really focused on facing the biggest crisis since the company's founding with Yike as reported by the media.

The world is so big, and hot events always happen one after another. After all, Yike is just an ordinary mobile phone company that once reached the world's fourth largest market value. No matter how exciting the short squeeze is, it will eventually pass.

Discussions about Yike, Mr. Fang, short squeezes, and the king of retail investors have gradually declined, but reports from the media and pan-media have begun to emerge. At the same time, there have been some comments on the financial crisis and Wall Street on both Facebook and Twitter. Institutional discussion.

The former report focuses on the so-called "King of Retail Investors" being nothing more than a scam.

"Fang Zhuo is a rich man who has long been on the Forbes rich list. He has never been a retail investor. It is extremely ridiculous, funny and ridiculous to shout out such a name."

"Any absurd appearance has inherent logical support."

"Let's see, who is Fang Zhuo delivering 2% to? It's Goldman Sachs!"

"Only from this 2%, he grabbed US$3 billion. Is this a retail investor?"

"He is basically using retail investors to gain his personal wealth. This is a naked scam!"

"Fang Zhuo let the majority of retail investors take over and ruthlessly sold the interests of retail investors to large institutions!"

"This is such a shameless act. However, there are retail investors who actually think that Fang Zhuo is on the same side as them. It's really sad!"

Some media seized on Fang Zhuo's use of block trading to deliver 2% of the shares in the Yike incident and wrote a book about it, which really made many people change their minds and believed that this was a betrayal and a scam, and in the end it was retail investors who suffered the losses.

Some media use Fang Zhuo's identity as a Chinese to talk about the losses that Yike has caused to American companies. The most intuitive example is Yike's lawsuit against Motorola. This case is still ongoing.

Just as the influential media was dismantling the influence of the "King of Retail Investors" on a large scale, Fang Zhuo's Twitter was still silent, and he did not denounce "Fake News" as before. He changed his account and followed It's another level of the situation.

The wide-scale impact brought by the global financial crisis has hit the ground, and countries are working hard to boost their economies. However, under this situation, many ordinary people are still bearing the consequences of the crisis.

An outrageous content about financial institutions appeared on Twitter and went viral because it was so bizarre.

"I just rented a house and put my children in school, but an agency came to visit me."

"They rang my doorbell and asked me where Harvey Hamsey was, saying he had been out of service for over 90 days."

"I was shocked. I asked them, what are you doing with my landlord's dog? My landlord's dog is named Harvey Hamsey."

"Friends, you heard me right. My outrageous landlord filled out the mortgage application form using his dog's name, and even passed the agency's approval. Finally, he let me rent a house with a dog whose payment was suspended for three months. !”

"Goudai! Go die!"

The tweet was widely retweeted and then became even more viral when a film company asked about it.

——Hi, we are willing to make this story of yours into a movie. We can invite you to participate and pay the fee. What do you think?

The words of a small film company made this incident even more bizarre and viral, and Dog Loan quickly became a trending topic on Twitter, which in turn inspired more sharing of real-life experiences.

Some people can easily recall the past, while others cannot bear to look at the huge gap just one or two years ago.

The communicability brought about by emerging social media is quietly brewing.

Fang Zhuo was very satisfied with this situation.

It's okay for the media to criticize itself. The last round was more of a fight between institutions. Small and medium-sized institutions were more responsible for everything. Retail investors basically only made more and less, although the upper and lower limits are quite different.

This round...

Although large institutions have fallen silent, he does not believe that this kind of media public opinion is unorganized. This elimination of the influence of the "King of Retail Investors" is probably a way for large institutions to take precautions in the bud.

However, the public opinion of emerging media is another way of playing that has not been fully taken seriously.

Last year, the world's best CEO launched the Internet. This year, the world's second-best CEO wants to try this track again.

At eight o'clock in the morning on May 15, China time, Fang Zhuo turned on his computer as soon as he woke up, and concentrated on observing the latest public opinion on Twitter and Facebook.

Su Wei has changed her clothes and is ready to go to the company.

"Hey, President Fangda, I have a meeting in the morning, don't make me late."

Fang Zhuo said "hmm" and slowly turned his attention from the computer to the mobile phone.

Seeing this, Su Wei complained: "Look, what's interesting about those things? Aren't they all your people forging accounts?"

"How can you falsely accuse someone of innocence out of thin air? What is forgery? This is what the American people say." Fang Zhuo pretended to be displeased.

Su Wei still couldn't help but want to complain: "It's a shame that you can think of it, and there is a dog loan. You are too outrageous. There are still people who can believe this."

As a pillow person, she knew the situation best. She knew that the so-called hot tweets and which movie companies were packaged to spread widely, but she did not expect that it would have such a good effect.

Fang Zhuo said seriously: "It's adapted from a true story, why don't you believe it?"

Su Wei curled her lips, unable to imagine how the real story could pass the loan application with a dog.

"Let me tell you, in two days, I will announce my investment in this drama on Twitter." Fang Zhuo said with a smile, "It will be even more popular by then. I even said on Twitter that I would star in it. It’s not like Paulson can’t be considered for a cameo. When the time comes, we can market the show and make it a Golden Globe or Oscar winner, and everything will be perfect.”

Su Wei looked at the man's expression: "Are you serious?"

"Anyway, it can be said that Twitter invests in films and strives for Oscars. Do you think the name should be called 'The Big Short' or 'Go Die'?" Fang Zhuo asked seriously.

"The Big Short" or "Dog Loan"?

Su Wei was a little confused and couldn't tell whether it was a joke or not. If it was the latter, the American people would probably have to learn a new Chinese word.

"Let's go, I'm really going to be late." She shook her head and asked, "When will the ruling be announced tomorrow?"

Fang Zhuo stood up, took the tea cup, and said as he walked: "Everyone is waiting, the institutions are waiting, I am waiting, Washington is waiting, Google, Nokia, Samsung, etc. are all waiting to see the impact of this ruling. "

"It might be in the afternoon, and the news I got is not sure."

The 15th is Friday, Eastern Time, and Yike's stock will not open for two days over the weekend, so it will be Monday again.

A friendly message from ITC, which is not official, said that it will most likely be in the afternoon.

Anyway, Fang Zhuo has made preparations here, and is waiting for the Tianhe River to pour in, the evil soldiers to cross the border, to use false cultivation, and to use public opinion to coerce him. He will first lead retail investors to join forces to squeeze the short position, and then wait for the best CEO in the world to take action.

Su Wei held Fang Zhuo's arm: "Why do I think you are a little excited?"

"I'm just preparing for dual time zone operations." Fang Zhuo took a breath, "I'm just waiting for the ITC's ruling tomorrow."

From last year to this year, and even from the launch of Yike's mobile phones to now, patent litigation and ITC bans have always been the sword of Damocles hanging over Yike's head. Now it is finally time to resolve it.

Su Wei took a few steps and asked, "After this short squeeze, how will you divide the money you earn?"

"I want to buy a Sony building in New York." Fang Zhuo has already thought of a reward for himself.

"No, I'm not asking yourself. Well, I'm not asking Yike. It's the expansion of Tesco. Now that we have money and the backing, Tesco will spend money to compete with Alibaba this year." Su Wei said. On official business, we are once again talking about increasing the budget.

Fang Zhuo nodded, as it should be.

Su Wei suddenly remembered something else: "There is an Internet conference in the middle of the year. You didn't go last time. Will you participate this year?"

"Is it interesting?" Fang Zhuo's mind is now full of tomorrow's things.

Su Wei stopped, straightened the folds of the man's clothes, and replied: "Of course it's interesting. If you want to participate this year, I will go with you."

Fang Zhuo said, "Okay."

Su Wei nodded with satisfaction. The last time she had to call Tesco's investors to talk about the development during the meeting, she still remembers it now.

…

On May 15th, Eastern Time, the ITC announced the final ruling deadline.

In the morning alone, Fang Zhuo received intensive calls from Kong Yu, Lu Peining, Summers and even Goldman Sachs.

Philip from Goldman Sachs made a phone call and talked about a lot of things, not without a sense of probing. He also talked about the basis of cooperation between the two parties. He didn't know how much money was brought in by this short selling.

The 15th happens to be the time when the Nasdaq exchange announces short positions. How much funds have entered the market in the past half month will also be announced in the afternoon.

Less than a month later, Yike faced a severe ban on sales.

The before-and-after comparison between the glory of the short squeeze and the bleakness of the lock-in is what attracts the most attention from the media and the public.

The last short squeeze was compared with the case of Porsche manipulating the Volkswagen short squeeze. Now, the media also compares the subsequent developments of the parties involved in the two times.

The origin of the Volkswagen short-squeeze case was when Porsche wanted to acquire Volkswagen. Its absorption of stocks raised the stock price. Hedge funds believed that there was a bubble and rushed into the trap.

When Porsche won this kind of battle, it failed to achieve its goal. Instead, it was affected by the financial crisis. It was difficult to withstand the huge loan interest received from the bank and had to devote itself to the public.

Volkswagen took the initiative and became Porsche's major shareholder.

Porsche triumphed in the financial markets, but ultimately failed to do so.

Now, Yike is somewhat similar. The financial level is prosperous, but the market competition is facing a decline.

Some media lamented that money comes and goes quickly, but Yike still has to pay a price, even a fatal price.

At two o'clock in the afternoon on May 15th, Eastern Time, the ITC's final ruling had not yet been implemented. Nasdaq disclosed its short positions in the past half month. Among them, the short position in the stock YIKE was US$3.265 billion.

In the last round, the combined total of dozens of institutions was US$4.212 billion. This time, I don’t know how many but definitely not too many large institutions had so many short positions.

It was 3 o'clock in the morning in Shanghai for Fang Zhuo, and he knew this accurate data for the first time.

"32.65, 32.65, hey, hey."

Fang Zhuo didn't give much evaluation. Everyone just pursues interests and understands each other.

"There are still a few hours, why hasn't ITC announced yet?" Su Wei was waiting with her, but she was already sleepy.

"Come on, come on." Fang Zhuo stared at the computer with bright eyes.

However, it was soon morning.

Eastern time in the United States, the ITC was already off work, and there was no mention of Yike’s final ruling at all.

"What's going on?" Su Wei asked.

"This..." Fang Zhuo was also puzzled.

He calculated the time again and called Kong Yu. The ITC was not punctual. Was it going to make another official announcement after working hours?

Soon, Fang Zhuo put down his phone and gave a speculative answer.

"The ITC's ruling may be postponed to Monday. They believe that giving the market two days to react may do more harm than good, because the reputation of Mars3 and Selfy has gained momentum recently. They want to directly release bad news on the trading day and then use the media to He tried his best to badmouth the company and smashed Yike’s stock price in one fell swoop.”

This is the answer Kong Yu gave based on the information he got.

Su Wei rubbed her face: "So, we've been through it all in vain?"

Fang Zhuo rubbed Weiwei and said helplessly: "Probably."

Regardless of whether the ITC ruling can harm Yike, at least it has murdered two people all night long.

The mood that was held high fell gently.

Fang Zhuo never expected that institutions would be so patient and consider the consequences before and after.

As the injured party, he had no choice but to accept the facts.

Fortunately, the two days on the weekend also give the media platform more room for operation. If you calculate this, everyone will not lose.

Because of the positions announced by Nasdaq, the news that Yike was shorted still attracted attention as if it was an old story again.

Fang Zhuo still didn't respond. He took a good night's sleep and held two meetings. The two days flew by.

ET, May 17, 9 a.m.

ITC has lived up to everyone’s expectations this time and officially announced the final ruling on the patent litigation case between ITC and Nokia.

——The ITC found during its investigation that Yike Company violated Article 337 of the law on which the investigation was based. Therefore, it issued a limited injunction prohibiting the import of suspected infringing personal data, mobile communication equipment and related software. This announcement is hereby announced.

——The Committee decided that the import of Mars and Mars2 mobile phone products specified in the ban should be stopped from May 25, 2009.

Just before the ITC announced its final ruling, a number of financial and technology media released similar research reports, showing Yike's Mars3 and Selfy pre-sales data, believing that they were far less than expected and pessimistic about Yike's future development in the field of smartphones.

At almost the same time, Microsoft announced that it would renegotiate patent licensing with Yike and would conduct a comprehensive strategic cooperation with Nokia.

Bad news struck, the media clamored, and YIKE plummeted.

Late at night in Shencheng, Fang Zhuo went online, calling for the Tianhe Navy and the Yin soldiers to clear the way.

His first tweet was a repost of the media’s attack on big trades and betrayal scams a few days ago, admitting his own mistakes.

——My large-scale transactions are the result of painstaking negotiations between large institutions. They are not targeted at retail investors. It’s just that I was soft-hearted and let you go. I never expected that you would be so sinister.

——But what this media said is right. There has never been any king of retail investors, or, perhaps, everyone is the king of retail investors.