The penniless son of the penniless ...

Chapter 254: Internet technology companies that spend money to gain users
"...According to that statement, the future of Yahoo should be quite bright. Why not hold on to it? As long as we hold on to it long enough, the returns we can obtain may even double..." Mato Walls did not quite understand Zhang Junfeng's suggestion at the time. After all, a large number of investors and financial institutions were optimistic about these Internet technology companies.

Seeing that Mato Walls seemed to have discovered the potential risks, after thinking for a moment, Zhang Junfeng told him why he was not optimistic about Internet technology companies in the long run.

"The way that Internet companies operate today is based on expanding their customer base as quickly as possible and raising a lot of money through IPOs (initial public offerings), even if they have never made a profit or, in some cases, have no revenue at all, they can still raise huge amounts of money in a short period of time."

"They used the money raised to expand the company's customer base, such as TV advertising, print advertising and professional events, but this series of actions failed to change the core point: the company did not have a core profit point."

"If I remember correctly, Yahoo's total stock price exceeded $1996 million on the first day of its listing in 5, but its turnover in 1995 was only $130 million, with an actual loss of $63. It only made a mere $1996 by the end of 9..."

……

After hearing what Zhang Junfeng said, Mato Walsh's expression quickly changed significantly.

Originally, he thought that these Internet technology companies were like cash cows. As long as he gave them enough time, the money he had invested previously would yield rich returns.

It now seems that these Internet technology companies with poor profitability, in addition to the continuously growing registered user data and the rising company market value, also have huge hidden dangers, and it is very likely that they will suddenly explode one day!

"... Zhang, since you know the status of these Internet companies so clearly, you should be confident that you can get out of them safely before they explode, right? When the time comes, you must remind me immediately..."

Having suffered a loss once, Mato Walls is extremely cautious about such medium-to-high-risk investment projects, fearing that he will make the same mistake again and his plan to earn profits to make up for the previous losses will be ruined.

Zhang Junfeng smiled and nodded. The other party's request was not particularly difficult to do. It only took a phone call and a few words. As for whether this guy would listen to him at that time, that was not his, Zhang Junfeng's business!

……

As time went by, there were only two or three hours left before the banquet tonight. Mato Walsh smiled and explained to Zhang Junfeng, "The banquet tonight will start in a while. If you don't have any clothes prepared, why not follow me to a friend's place to change clothes."

"Especially the lady next to you, if she wears this at the banquet, I think she will be particularly 'attracting attention', right?" After finishing the business, Mato Walsh was obviously much more relaxed, and even had some leisure time to tease Wu Xiuying who was sitting next to Zhang Junfeng. Hearing what Mato Walsh said, Zhang Junfeng smiled and replied, "We are not celebrities, we can just dress casually. But I am very curious about you, the vice president of Goldman Sachs Group, who did you invite as your female companion?"

When it comes to female companions, Wu Xiuying beside Zhang Junfeng also became interested. Zhang Junfeng asked her to come and join him, so her female companion would naturally be someone else. However, what kind of woman would Mato Walsh, who looked to be in his forties and had such a high status, bring to such a special banquet of financial nature?

Seeing Zhang Junfeng taking the opportunity to ask about his female companion, Mato Walsh smiled calmly and said, "Of course I participated alone. My wife and I divorced a few years ago."

"...I heard from Nacho Morgan that they have invited many directors and actresses from Hollywood to attend their banquet this time. Maybe... there will be your favorite movie star!" Thinking of what Nacho Morgan had discussed with him before, a special smile flashed across Mato Walls' face.

Although they invited many people to participate, it was to celebrate the great gains made by Morgan's financial institutions in overseas markets this year. However, winning over Zhang Junfeng, an investment expert, and discussing the next investment project was also an important goal of Nacho Morgan, an important member of the Morgan family's power group.

After all, the news that Zhang Junfeng made a lot of money by going long on the Hang Seng Index in the Hong Kong stock market has once again proved his unique vision and courage. Being able to attract talents like Zhang Junfeng as his true ally, JPMorgan Chase will also be able to reap a steady stream of massive profits by relying on Zhang Junfeng's investment strategy.

When he heard that many Hollywood female stars were invited, Zhang Junfeng was subconsciously moved. After all, this was an era of beauties... ahem, talented people, such as the French Rose Sophie Marceau, the Global Flower Monica Bellucci, the British Rose Catherine Zeta-Jones, the South African Diamond Charlize Theron, and the legendary supermodel "Snow Queen" Claudia Schiffer...

Seeing that Zhang Junfeng was distracted, Wu Xiuying pushed him subtly, which made Zhang Junfeng come back to his senses. Realizing that both of them had noticed his gaffe, Zhang Junfeng coughed lightly and said with a thick face, "In fact, from an objective point of view, investing in Hollywood movies can sometimes bring good returns."

"Directors like Steven Spielberg, James Cameron, and Peter Jackson are quite capable of directing commercial films. If a movie performs well, it may directly explode at the box office and make hundreds of millions of dollars easily..."

As Zhang Junfeng spoke, he murmured in his heart, fortunately he watched a lot of movies on weekdays... ahem, he did watch a lot of masterpieces of these big directors, and he was able to come up with some meaningful things to fool people.

Hearing Zhang Junfeng's casual words, Mato Walsh nodded doubtfully. He just thought that Zhang Junfeng was distracted because he heard that there would be Hollywood actresses participating and started to daydream. Now it seems that he guessed wrong?

(End of this chapter)