Reinventing the Millennium.

Chapter 816 Farewell
——"Lehman, are you okay?" "

When Weibo netizens started to discuss it, soon the portal website Sohu used such a sentence as a headline, reviewing the reasons why Lehman Investment Bank has attracted much attention.

From August last year to March this year, the Chinese people experienced a change in their perception of it.

——Wow, international investment bank!
——Hi, as expected of an international investment bank!

--what?Lehman fell?
——Ha, Mr. Fang is still amazing!
——Rush, Mr. Fang will take us to rush again!
——Those surnamed Lei, are you going to die!

Today, Huaxia Internet claims that two regiments participated in the short-selling of Lehman, and there are many happy reserves who are always watching the developments of this international investment bank.

Since HSBC depreciated, institutions including New Century Financial Corporation have had problems and even went bankrupt.

A reporter from Sohu Finance and Economics described it this way in the manuscript, "When you find a cockroach at home, the dark place may already be full of cockroaches."

In the end, he gave an extremely pessimistic attitude, thinking that Lehman may face huge losses in related businesses just like HSBC!
Too pessimistic!

Netizens on Weibo were all overjoyed!
When Fang Zhuo went to the capital to report the development of Ice Core to the leaders face to face, and discussed the company's needs with the friend of the gentleman, spontaneous translation and discussion of foreign reports on the financial market began on Weibo.

Because there is a limit on the number of words on Weibo, such discussions quickly spread to blogs and Zhihu.

On March 3, the blog translated a report from the Wall Street media, still saying that New Century Financial Corporation, the second largest subprime mortgage company in the United States, might go bankrupt and liquidate.

That night, the executives of New Century Financial Company refuted this statement to the media, saying that someone was maliciously spreading rumors that the company was about to go bankrupt, which had caused serious damage to the company's reputation.

The new century will resolutely take legal measures to protect the legitimate rights and interests of this kind of malicious slander to the company.

The executive also said that the company has indeed encountered some operational difficulties, but New Century is confident that it has the ability to overcome the immediate difficulties.

Netizens translated the two reports very convincingly and elegantly, especially the New Century executives' response was decisive and resounding.

On March 3, New Century Financial Corporation filed for bankruptcy protection in Wilmington Court.

A Chinese netizen thousands of miles away:? ? ?

This time, the translation of New Century’s bankruptcy documents does not need to be so convincing, but precise wording—New Century plans to sell most of its assets within the next 45 days and complete the layoff of 54% of its employees.

Affected by this news, the U.S. stock market fell sharply, which led to a sharp drop in global stock markets.

In one day, the Dow Jones Index fell 1.97%, the S&P Index fell 2.04%, the German DAX Index fell 2.66%, the French CAC40 Index fell 2.52%, the British Financial Times Index fell 2.45%, the Nikkei 225 Index fell 2.92%, and the Hong Kong Hang Seng Index fell 2.57%. Down [-]%...

The Internet in the Mainland is full of anger, and the enthusiasm for discussion has skyrocketed.

Compared with the slow response speed of the financial section of the portal website, no matter Zhihu, blog, or Weibo, the news is conveyed much faster.

Someone even really alarmed Boss Fang who was busy with Bing Xin's report.

——Brothers, I’m planning to go to the US stock market to buy the bottom, @fangzhuo, Mr. Fang, okay?
Fang Zhuo was really kind-hearted this time, he didn't like to see others wearing straw sandals, and he expressed his attitude just at night: don't be stupid...

Really don't be stupid, it's justifiable to copy from the middle of the mountain, what's going on from the mountain peak?

The next day, Fang Zhuo inspected Sina Company and Sina Weibo in Beijing, and visited the offline e-buy appliances.

Today, although E-buy Electric has not expanded, it only provides assistance to online E-buy, and it still has a good increase in performance. Liu Qiangdong, who has gradually taken charge of E-buy Electric, has shown strong personal ability.

Everything is running normally, and the development and results of each company have to wait for the test of time. Fang Zhuo packed his bags and prepared to fly to the United States to make the final sprint for the release of the Yike mobile phone.

That night, friends who knew Mr. Fang was in the capital and was going to the United States had a farewell reception for Mr. Fang.

It is also inevitable to mention the dizzying situation recently.

Sina's Weibo is playing with Penguin's dating site.

Ali's Taobao is competing with Penguin's Paipai.

Sohu and NetEase are examining emerging social platforms.

Dangdang announced that it will vigorously develop warehousing, and Gome and Suning have frequently heard news that they will pay more attention to the development role of the Internet.

Also, the breakthrough of the ice core has also been privately congratulated.

Of course, Zhang Chaoyang, Ding Lei, Xiong Xiaoge, Xu Xin and others are equally enthusiastic about discussing the US financial market. They are even more enthusiastic than ordinary netizens.

"Mr. Fang, tell me about the situation in the United States. Apart from shorting Lehman, can you also short other companies?" Zhang Chaoyang, who sang a song and received applause from the crowd, walked off the stage and asked today's core with a smile while drinking.

When the people around heard this sentence, their ears perked up.

"Actually, that's the case, but Lehman's short-selling is also short-selling. Even if the short-selling fails, it will be less than 2000 million US dollars." Fang Zhuo shrugged, "The US market is changing rapidly. After all, we are not specialized in this. If you are not sure, you will step on a trap."

He noticed the gazes around him, and said with a smile: "In short, that's the sentence, you need to be cautious when managing money, and you need to be more cautious if you want to be short. If you want to use leverage again, you need to be more cautious."

Xiong Xiaoge smiled and asked: "I wanted to try it at first, but I was confused by Mr. Fang's words of being cautious. Then, Mr. Richest Man, how can we make money more safely?"

Fang Zhuo cheered up: "Mr. Xiong asked a good question. It just so happens that there are no competitors today. I think the project of Tesco is very good. We are confident that it will be launched in the future, and Bingxin can also be used."

Ding Lei joked, "Mr. Fang, you never mention Weibo."

Fang Zhuo became serious: "Speaking of Weibo, we also checked it. Penguin's traffic is too strong. Whoever you hit will know. This time, we have defeated the army. It remains to be seen what will happen in the future."

Youyou.com was acquired by Penguin.

Although the price is a bit high, it is indeed a defeat for Sina.

It's just that the first battle was lost, and the second battle soon started.

Including Sina and the investors are confident. The outside world is looking at this social battle, except Mr. Fang ruthlessly stabbed Pony, and the competition trend has to be seen.

After all, Penguin is the king of traffic these days.

It's just that its multi-line operations are also being challenged.

Fang Zhuo's calm attitude made people silently nod in agreement.

The Weibo competition was no longer mentioned, and the topic easily turned to Yike's mobile phone business.

　I'm driving tonight to attend my cousin's postponed wedding, so I can only write this in a hurry.

　　Try to update as normal tomorrow, and there will be more updates in two days on weekends.

　　
　
(End of this chapter)