After the crazy last week, entering the weekend, many mainstream media in North America began to change their opinions on the Nasdaq market, and they questioned that the bubble in the new technology industry had completely reached the point of getting out of control.
Among the focus of a series of discussions in the media, the first thing to bear the brunt is naturally Eric's personal assets reaching 625 billion US dollars according to the latest statistics.
What is the concept of 625 billion US dollars
In the statistics of the gross national wealth in 1998, Denmark ranked 27th. As one of the developed countries in Europe, the gross national wealth just exceeded 600 billion US dollars.
This means that Eric's assets alone are equivalent to the total wealth of the entire population of one of the top 30 countries in the world.
Moreover, if the statistical scope is expanded to the entire Firefly system, based on the peak market value after the Nasdaq broke through 5,000 points on Friday, the total assets of the Firefly system’s holding companies have reached 1.85 trillion US dollars, which is exactly what the national wealth in 1998 Canada, which ranks eighth on the list with a national wealth of US$1.795 billion, is squeezed out.
It is worth mentioning that above Canada are superpowers such as the United States, Japan, Britain and France that control the world economy.
Therefore, although most ordinary media like to attract the attention of the audience, they are using various exaggerated headlines to hype the latest record of Eric's personal wealth.
However, some professional financial publications, such as the well-known "Financial Weekly" on Wall Street, after sorting out the companies in the entire Firefly system, commented very bitterly on Eric's personal assets as "a beautiful soap bubble that cannot withstand any scrutiny." '.
The "New York Times" also wrote an article stating that Eric's personal asset bubbles outside of Hollywood exceeded 70%.
While paying close attention to the NASDAQ market trends, Eric finally completed the later stage of "Gravity". The day before the Nasdaq peaked, Eric flew to Boston to attend the Yahoo high-level meeting, and once again made advance plans for the upcoming storm.
In fact, since its listing at the end of last year, Yahoo's pace of expansion has become conservative under Eric's suppression.
In the past six months, due to the substantial increase in its own revenue figures, the original IPO obtained nearly 5.7 billion US dollars of funds, and at this time there is still 5.1 billion US dollars left. When the entire Internet industry regards staking land and expanding its business as the first priority, Yahoo's conservative business strategy in the past six months has been criticized by Wall Street activists more than once.
But now, although the Internet bubble is about to burst, the development of the entire Internet industry will not stagnate. Even, in the case of reduced competition, the next few years will be the best time for the Internet industry to staking. The cash reserve of more than 5 billion US dollars is enough for Yahoo to maintain a great pace of expansion in the cold winter of Internet capital.
On July 17th, after Yahoo's high-level meeting ended, Eric did not return to Los Angeles, but flew to New York, intending to witness the spectacular moment of the Nasdaq's collapse next week.
Midtown, the production company of Cindy and Linda.
Although it was the weekend, an interview was arranged today.
The last time she came to New York, Cindy said that in order to make the little one in her belly as smart as Hawaii in the future, she planned to find some assistants to read to her every day. After carefully searching for more than a month, Eric just arrived, so he was invited to participate in the last interview.
It is said to be an assistant, but it is actually more like a nanny. However, Cindy chose all the top students with a master's degree or above from the world's top universities. Moreover, in order for the little guy to grow up in a multilingual environment in the future, the candidates basically need to master three or more languages. .
At this time, Eric looked at the last dozen or so brilliant resumes in his hand, which can be called super-scholar-level resumes, and couldn't help but said to Cindy next to him: "Such a group of smart people are enough to be my assistants." , are you sure you can hold it back after finding it?"
As soon as Eric finished speaking, Linda, who followed along to join in the fun, said in a sour tone: "Yes, and they are all so beautiful. Be careful that they will step on you in the future."
After hearing Linda's words, Eric flipped through the resume in his hand a few more times, only to find that although it was just a simple ID photo, the group of girls selected by Cindy were obviously above the standard in appearance, and some of them were quite In line with Eric's aesthetics.
Noticing Eric's puzzled expression, Cindy rolled his eyes at him, and said: "If you really find a few ugly girls by your side, if something happens, then I will lose face even more. Anyway, I can't prevent it." It’s better to find a few beautiful ones.”
Eric smiled and said, "When did you become so enlightened?"
"Virginia told me," Cindy gave an answer that surprised Eric even more, and continued: "Didn't you find out that the maid in East Hampton Manor and Kevin's tutor Are they all pretty?"
Eric recalled it for a while, and had to admit: "It seems that it is true. It seems that I have to praise Vicki."
Cindy reorganized the materials in front of her, and ordered the outside secretary to prepare for the interview, and then said to Eric with a teasing voice: "I found that Virginia is very smart in this respect. You men sometimes His mind is so weird. When a group of beautiful women are around, he often doesn’t pay much attention to those ugly women. It’s like Mr. President, who can find a woman who is ten times better, but insists on being with a mediocre or even Some fat interns fuck. And Schwarzenegger, I can't even figure out how he could get interested in such an ugly maid and make an illegitimate child."
Clinton's zipper door scandal has been raging, but Schwarzenegger's illegitimate child scandal has not yet been exposed. However, this matter is not a secret in the circle.
Linda was targeting Cindy just now, but at this moment she turned back without a stand: "It is said that this is a man's curiosity-seeking psychology."
Eric raised his right hand helplessly and said, "I swear to God, I definitely don't have that mentality."
The secretary outside let the first interviewer in. Cindy squinted at Eric and started the formal interview without saying anything.
As high-achieving students in world-class universities such as Harvard, Yale, and Cambridge, these girls who participated in the interview today do not lack employment opportunities. They are basically only attracted by Cindy's salary that is far above the average standard.
However, when they saw Eric Williams sitting behind the desk, most of the girls' eyes lit up obviously, and some girls who were proud of the job and didn't think much of the job also cheered up , was extremely serious during the interview process, and even more daring ones would take the initiative to chat with Eric.
Interviews with less than twenty people took place for a full day.
In the evening, I returned to Cindy's apartment on 75th Street. After dinner, Eric sat in the living room with a laptop in his hand and checked his emails during the day. Cindy and Linda were still discussing in a low voice.
After a while, Cindy came over with a resume and said, "Eric, this one, Catherine Neumann, what do you think?"
Eric glanced at the resume and recalled the appearance of a standard German girl with blond hair and blue eyes that he saw during the day, and said: "Very good, Germans are more rigorous and delicate in character, you can choose a few more, I'll pick again when I'm done picking."
Before Cindy could speak, Linda misunderstood Eric's words and said, "You want to choose too?"
Eric opened yet another email from Jeff Bezos and explained: "I'm talking about getting background checks done on these girls again, do you have a criminal record, do you have a mental illness, do you have a drug addiction, Whether there are hidden dangers in the interpersonal circle, you two don't think that just anyone with a high degree of education can appear beside my children? So, I will ask people to investigate from their elementary school days. "
Cindy obviously didn't think too much about it, but she immediately agreed with Eric's words, put away all the resumes in her hand, and said, "In this case, Eric, you should let someone review it first, and I will Pick again, if something goes wrong after the pick is over, it will definitely be very troublesome.”
"That's fine, I'll have someone do it tomorrow, and you ask them to wait for another month," Eric said after thinking for a while, and then said: "Also, about the review, you can take the initiative to disclose it to them , to avoid any misunderstanding. As compensation, their annual salary should be doubled."
Linda was stunned and said, "Double the increase is 500,000 U.S. dollars. I want this job."
Most of the top executives of Fortune 500 companies enjoying an annual salary of tens of millions of dollars all have resumes from top prestigious schools, which inevitably gives people the illusion that graduates from prestigious schools have high salaries. But in reality, that is not the case. The group of people who climbed to the top of the workplace pyramid can only be regarded as the luckiest group. Thousands of graduates from prestigious schools every year, the final career path is only to reach an annual salary of 100,000 or 200,000. Affluent middle-class levels in dollars.
Moreover, women have a natural disadvantage compared to men in the workplace. An annual salary of US$500,000 is definitely out of reach for most women in the workplace.
Eric looked at the surprised expression in Cindy's eyes, and said: "People always say that money is not everything, but I think money is everything. Giving them a higher salary is enough to guarantee them to the greatest extent. Because once they try to do something inappropriate, they can't help but imagine the consequences of losing the job. Then, losing a job that pays $500,000 a year and losing a job that pays $250,000 a year Working, it feels absolutely different.”
Sitting next to Eric, Cindy nodded in approval, then suddenly bent her mouth, looked at the man beside her and said, "Is this how you control us?"
"I didn't control you," Eric smiled, reached out to touch Cindy's delicate face, and said, "I possess you."
Linda looked at the 'interaction' between Eric and Cindy, and couldn't help being jealous again. Since Cindy was pregnant, but her stomach didn't move, Linda's emotions were obviously a little bit wrong during this time. Couldn't help but said: "You two started again."
Eric brushed Cindy's delicate neck with his fingertips, withdrew his hand, looked at Linda on the other side, and said, "So, Cindy said you bought stocks again, how much did you buy?"
"I won't tell you," Linda shrank back on the sofa with some guilt. After cashing out the Yahoo stock, Eric repeatedly told the two women not to get involved in the technology stock market greedily, but Cindy Very obedient, Linda obviously couldn't resist the temptation brought by technology stocks. At this time, facing Eric's gaze, the girl endured for a moment, and she took the initiative to confess: "I invested another 50 million US dollars in, all of which are stocks of the Firefly system. Yahoo, Cisco, Amazon, and Qualcomm are now It has risen to 86 million U.S. dollars, I, I will throw it away immediately after the money doubles, and promise not to buy it again.”
"Well, then you just wait," Eric nodded helplessly, this silly woman finally didn't invest all her capital.
Cindy could see the strange expression on Eric's face. She hadn't paid much attention to the movement of the Nasdaq stock market during this time. However, the latest topic of everyone around me is inseparable from technology stocks, and it is impossible for Cindy to avoid it even if she wants to.
Thinking of the news that the Nasdaq broke through 5,000 points on Friday, Cindy said, "Eric, is there something wrong with that?"
Eric operated the laptop in his hand, opened Yahoo's financial news homepage and showed it to Cindy next to him. Seeing that Eric didn't intend to clean up, Linda also came over.
Looking at the news on the laptop screen that Eric deliberately clicked on to watch the Nasdaq, Linda couldn't help but said: "Well, haven't they been saying that all the time recently, and I haven't seen the Nasdaq collapse, my Stockbrokers say the Nasdaq is likely to reach a high of 6,000, and it’s still early.”
Eric didn't speak, and Cindy taught him a lesson: "In order to earn your commission, the stockbroker can say anything, of course, 6000 points, do you think it's possible?"
"Many people think that 5,000 points is impossible. Isn't it reached now?"
Eric listened to what the two women said, and didn't bother to say anything more. He closed the notebook and said, reached out to lift Linda next to him, and said, "I think it's still necessary to deal with you again."
"Ah, Eric, I don't dare anymore, don't hit me."
Linda suddenly hung in the air, screaming half-truth, and was soon carried into the bedroom by Eric and thrown on the big bed.
Early the next morning, just after dawn, Eric's cell phone rang.
He opened it and looked, but it was a text message from Chris, asking him to check his e-mail immediately.
Knowing that there must be something wrong, Eric got dressed and went to the study, turned on the computer, and soon found a column article from the Dow Jones Company's "Barron's Weekly" in his e-mail.
Although the title of the article has only two words, it is very dazzling: "Burning out".
The content of the article is a detailed financial analysis of the top 200 new technology companies in the Nasdaq market.
The final result is that in the next six months, among the more than 200 new technology companies that have conducted IPOs in the past two years, more than 50 companies will run out of funds. In the next year, this number will rapidly expand to 150.
Moreover, as the Federal Reserve enters the cycle of raising interest rates, credit tightens and financing becomes more difficult, it will be difficult for these new technology companies whose funds are exhausted to obtain the next round of financing. In addition, most enterprises just burn money blindly without forming any effective business profit model, and the final result can only go to bankruptcy.
Looking at a series of detailed financial data tables on the computer screen, as well as the series of shocking expected loss figures, Eric realized that this article was mercilessly destroying the beautiful coat that shrouded the technology stock bubble. Pull it apart, revealing the bloody and cruel reality.
Thinking of another event that is about to happen this morning, it is clear that the Nasdaq stock market is doomed.