Makino Technology is an absolute weirdo in the US Internet market.
For a company that has not taken the initiative to do business in the United States, its products have not only become popular in the U.S. market, but this company has even affected the stock prices of two Nasdaq-listed companies.
The first time was Sina. After Li Mu acquired Hao123 and integrated it into YY123, he blocked Sina links, even the word Sina, in YY123 and the entire YY product system. It almost completely cut off Sina’s external traffic and created a new world for Sina. Huge negative. Since that time, Sina's stock price has continued to fall. After YY went online, Sina's stock price fell even more horribly. Now it is basically one of the worst stocks on Nasdaq;
This time, Li Mu teamed up with Paypal to create such bad news for eBay, which has a market value of more than 16 billion US dollars, that eBay's stock price fell by 5% at the opening.
For a company with a market value of more than 16 billion US dollars, 5% of the market value is worth more than 800 million US dollars. In terms of market value, this more than 800 million US dollars has evaporated in an instant.
During Meg Whitman's tenure, eBay's stock price experienced many sharp fluctuations. Most of the sharp declines were due to the overall depression in the industry. Rarely, like today, did eBay's stock price fall sharply simply because of problems in eBay's business.
In the stock market, Paypal is a double-edged sword for eBay.
As early as eBay's acquisition of Paypal, the market had already received this news in advance, and this news was also absolutely good news in the eyes of capital and investors. Brokerages used the good news to add fuel to the flames, although eBay has not officially acquired it yet. Paypal, but the market has already begun to digest this benefit in advance.
Before today's opening, eBay's stock price actually included the good news in advance, and the overall stock price was artificially high.
This situation can be understood as early consumption in life, just like the company where Lao Wang works announced that three months of monthly salary will be given as a year-end bonus. This is equivalent to giving Lao Wang a huge piece of good news, which makes Lao Wang In October, I swiped my credit card in advance and overdrawn one and a half months of my monthly salary to spend on food, drinks and fun.
But at the end of the year, there was still a week before the year-end bonuses were issued. The superiors suddenly announced that the company's performance this year was not good and the year-end bonuses might be cancelled, so everyone should be mentally prepared.
This time, the good news turned bad, which was a big blow to Lao Wang. If the year-end bonus was not mentioned, at least he would not have overdrawn his consumption. But just because of the good news, not only did his overdrawn credit card disappear, Still, I still owe a lot of interest in a few months.
For eBay investors, the feeling at this moment is the same as that of Lao Wang. Good things turn bad in an instant, and the most direct feedback the market can give is a decline.
The 5% drop at the opening was just a prelude. After the 5% drop at the opening, eBay's stock price fell steadily. Although the decline was steady and slow, it also caused a lot of panic to investors.
The only good thing now is that Makino Technology and Paypal have not announced that they have signed an agreement, and the negative news has not been completely determined. Otherwise, once the news that eBay and Paypal missed it is confirmed, the stock price will continue to fall.
Continuing to use Lao Wang as an analogy is equivalent to Lao Wang now not knowing whether the company will cancel the year-end bonus, and still holding on to the last glimmer of hope: the company may suddenly announce that the year-end bonus will be paid out as usual.
If by the end of the year, the company is sure that it will not be able to pay out the year-end bonus, then Lao Wang's mood will fall to the bottom instantly, and his loyalty to the company will be greatly reduced. If he comes back after the New Year, Lao Wang will quit his job angrily. , leave this pit company, and the same goes for eBay investors.
Now, eBay's stock price is falling, but the selling has not yet begun. If Makino Technology and Paypal succeed in joining hands, eBay's stock will definitely usher in a wave of selling, and by that time, the stock price will fall again.
Although the negative consequences of a failed acquisition of Paypal were not enough to shake eBay's foundation, it was enough to make eBay pay a huge price in terms of market value. Faced with this price, Meg Whitman, as CEO, was the first to be unlucky.
As soon as Meg Whitman got up, she received the news that eBay's stock had plummeted at the opening. She couldn't sit still for a while. At seven o'clock Western time, she called all the key people and asked everyone to do it within half an hour. Rushed to the company and held an emergency meeting for consultation.
At the same time, Meg Whitman also called Tom Anderson and asked him to meet with Peter Thiel today to make clear progress. If he could not bring back good news, he would bring back a letter of resignation.
As soon as she got angry with Tom Anderson, Meg Whitman received a call from the chairman of the board of directors. As the most powerful boss behind eBay, the first thing she said after the phone call was: "Meg Ge! What's going on with you? Do you know that the media in the entire eastern United States are now reporting, predicting that Li Mu will be eBay's strong rival, and predicting that eBay will be hit hard by Makino Technology far away in China! Don't forget, That Li Mu still has Taobao and Alipay in his hands. If we lose Paypal, if Li Mu uses Taobao to compete with eBay in the future, we will be particularly passive!"
Although Li Mu knows that the true globalization of Taobao is extremely difficult, Americans are still very worried about this, because in their view, Li Mu is a magician who keeps creating miracles, and no one knows what he will do next. What exactly is magic.
Therefore, eBay's board members couldn't sit still for a while. For them, hearing that Paypal and Makino Technology were discussing holdings was equivalent to hearing that their son's fiancée was going to elope with someone else.
The only thing these board members can do is to put pressure on Meg Whitman and let her take back Paypal no matter what.
Meg Whitman was so distraught that she had never imagined that she would be ranked among the top ten CEOs and the strongest female CEOs in the world many times, only to be disrupted by a 20-year-old Chinese boy.
No matter how powerful a person is, they all have weaknesses. Obviously, Li Mu held her seven inches in his hand, but she was unable to threaten Li Mu on any level.
The real check and balance is when you put a gun to my heart, even if I can't put a gun to your forehead, I will at least put a knife to your dick.
Meg Whitman obviously doesn't have this opportunity. The only thing she can do is probably let eBay China find a way to add a little more threat to Li Mu.
But within ten seconds of this idea coming to her mind, she quickly gave it up.
Li Mu is the biggest local snake in China's Internet industry. Taobao's current scale is more than dozens of times that of eBay, and it has won the support of the Chinese government and people. It is simply a star enterprise in China. Now he and Li Mu are competing for Paypal. , there is no direct conflict between us. If there is a direct conflict, who is eBay's rival to Taobao in China
The thought of this made Meg Whitman even more restless.
I rushed to the company and convened the core team to continue the meeting. At this time, more than an hour had passed since the opening of Nasdaq, and the stock price dropped all the way, from the opening price of 50.55 US dollars, to 50.01.
Americans are far more sensitive to the highest digit than any other nation. Americans almost always sell things for 199 yuan or 19.99 yuan, in order to lower the highest digit as much as possible to make it easier for consumers to accept, 199.9 U.S. dollars are easier for users to accept than 200 U.S. dollars, because when users see the highest digit of 1, they instinctively classify it into the 100 yuan range. If you add 0.1 U.S. dollars and it becomes 200, then the consumer When I see this price, I will directly classify it into the 200 yuan range.
This mentality is exactly the opposite in the stock market. When the stock price falls, every time it reaches the defensive stage of the highest digit, it will enter a critical point. The price of 50.01 is already in danger for the highest digit of 5. If the 50 mark If it falls and enters the 40th gear, it will have a huge impact on consumers!
…
It was already past ten o'clock in the evening in Yanjing. Li Mu first had dinner with Elon Musk tonight, then asked the driver to take him back to the hotel, and then returned to his home near Makino Technology.
After returning home, Li Mu did not rest. Instead, he turned on his laptop and tracked the U.S. stock market in real time. When he saw that eBay fell 5% at the opening, Li Mu could basically conclude that his plan to invest in Paypal with eBay this time would definitely succeed. .
There is no other reason. eBay will never continue to let bad news impact its stock price and shake investor confidence, so what they need most now is good news to counteract the negative impact of this bad news. It is too difficult to get hundreds of millions of dollars of good news, and the best way is to turn bad news into good news.
In other words, what eBay desires most is to be able to make a difference in its acquisition of Paypal.
It won't be long before Peter Thiel, who is in Silicon Valley, will have an interview with eBay's Vice President Tom Anderson. At that time, Peter Thiel will present his own solution at the right time, and eBay will definitely not refuse. Not only will they not refuse, but they will survive the disaster and be grateful.
Right now, eBay has two bad news: first, it may miss Paypal, and second, it has a powerful and mysterious competitor—Makino Technology, or even Makino Technology + Taobao.
If eBay accepts its proposal and takes control of Paypal, then the negative consequences of missing out on Paypal can be completely recovered;
Moreover, after eBay accepted its own suggestion, Makino Technology and Taobao were no longer its competitors. Instead, they turned from enemies to friends and became partners in the same camp, which was another bad thing that turned into a good thing.
The two big negatives have all turned into big positives, and eBay's stock price will definitely pull off a beautiful V-shaped rebound.
Thinking of this, Li Mu suddenly felt that it would be a big loss if he didn't take the opportunity to buy hundreds of millions of eBay shares.
But if you think about it more carefully, the stock market simply doesn’t have that big of a loophole to exploit.
In the U.S. stock market, all circulating stocks are in the hands of brokers and investors, and the U.S. stock market is different from the domestic one. Most investors follow a medium- to long-term investment strategy. If you want to buy eBay stocks at this time, it depends on how many are circulating in the market at that time. The shares are available for purchase. Once someone takes in a large amount, it may cause more people to follow up or be reluctant to sell, and maybe even hundreds of thousands of shares can be bought.
If you earn a few dollars per share, that means a profit margin of millions of dollars. And since you are in China, it is impossible to buy U.S. stocks right away. After you have gone through the procedures and foreign exchange, the market may have passed.
So Li Mu gave up the plan of copying eBay stocks. Thinking that Wei Lan's parents were in the United States, her parents could make a small fortune by following inside information, so he took out his mobile phone and called Wei Lan...
(End of chapter)