I’m in Hollywood Chapter 1176: Le Ji is sad
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The next day, the media's argument that the Federal Ministry of Justice should restrict Yahoo Browser became more and more violent.
Although the whole thing has basically been determined that Microsoft was provoked behind the scenes, other Internet companies that have been suppressed by the Firefly system obviously also see this incident as an opportunity. Almost all Internet companies feel that if they can force Yahoo to abandon the monopoly advantage of Internet browser software, they will definitely be able to gain more market share.
Now, companies such as At-Home are taking the initiative, and other Internet companies are naturally willing to follow suit.
Although the Ministry of Justice ’s hearing on Yahoo Browser is scheduled at two o'clock in the Eastern Time, due to media and discussion, Yahoo's share price has plummeted by 3.3% just after 9:30 in the morning.
As expected by Eric, AOL-Time Warner, At-Home and even Microsoft and other new technology companies that have business competition with Yahoo have seen their stock prices rise to varying degrees.
The entire Nasdaq market also continued its rebound in the previous two weeks for more than an hour.
However, at eleven o'clock in the morning, with an announcement from the official website of Firefly Investment, many Internet business executives who were still secretly excited were suddenly very sad.
The announcement stated that in order to raise funds for the company's next development, Firefly investment will appropriately reduce its holdings of Yahoo, Cisco, Qualcomm and other company stocks in the next week.
Although this announcement is short and even perfunctory, after counting the tens of millions of shares of the companies announced by the Firefly investment share reduction plan, countless people were shocked to find that the Firefly investment understates the plan. , The total amount of stocks involved reached a huge 3billion USD.
If it was the peak period of the Nasdaq market a few months ago, 3billion USD funds were cashed out of the market within a week. As long as it is properly operated, it will not have too much impact on the Nasdaq index. The Clover Fund was originally In the process of reducing holdings in the last few weeks, the weekly cash out of the NASDAQ market exceeded 3billion USD.
However, everyone knows that the situation now is different from a few months ago.
The NASDAQ stock market has just experienced a thrilling crash, and countless people have suffered heavy losses. In the past two weeks, although the Nasdaq index began to rebound under the operation of various parties, the investors who have just experienced a stock market disaster are basically a group of Bird on a Wire. Moreover, although the overall market is picking up, the trading volume on the Nasdaq market is no longer as active as it was a few months ago.
At this time, the Firefly system, which has a pivotal position in the entire new technology industry, has been changing the attitude of the Nasdaq market for several months, and suddenly announced a large-scale reduction plan, and it is 3billion USD .
Even though many people understand that this matter may be related to the upcoming Yahoo Ministry of Justice hearing, the Nasdaq market is rapidly brewing a strong panic.
3billion USD will be reduced in one week, so what about next week?
Will Firefly investment continue to reduce holdings?
Know that despite the crash of the Nasdaq index, the technology stock market value directly controlled by the entire Firefly investment company still exceeds 200billion USD. 3billion USD's shareholding reduction plan will not even affect the proportion of Firefly investment holding various technology companies.
So, after the Firefly investment is reduced in the first week, it is entirely possible to continue to cash out.
Although the Nasdaq market, which is actually fragile inside, has begun to rebound, how many times can it experience a 3billion USD reduction in Firefly investment?
Various thoughts flashed in the minds of countless small and medium-sized investors. Following the Firefly investment announcement, a number of technology company stock sell-offs appeared on the market, and many people almost subconsciously followed suit.
So, the upward trend of the Nasdaq after a two-week rebound ended abruptly.
The Firefly investment announcement from 11 o’clock in the morning and the unwelcome direct selling of stocks. In the following hour, the Nasdaq index turned sharply with a large number of panic stock sell-offs, from the highest 3677 The point fell all the way to 3612 points.
The stock prices of technology companies such as Yahoo, Cisco, Qualcomm, Amazon and other Firefly systems have plummeted, and the decline of Yahoo stock price has fallen by two and a half hours since the opening, and the cumulative decline has even reached 13.3%.
However, this is obviously just the beginning.
In the afternoon, some investors who were still on the sidelines felt that the situation was not good, and joined the ranks of sell-offs, which inevitably led to a wave of selling to further spread to new technology companies outside the Firefly system.
Looking at the decline curve of the Nasdaq index that seemed to have been pulled down by a giant hand, the entire new technology industry could not sit still and began to make various responses.
Subsequently, Internet media platforms, including AOL and MSN portals, have issued circulars, accusing the Firefly system of reducing holdings.
The AOL portal pointedly pointed out that in the Firefly investment through the sale of AOL stocks last year and the transfer of Fireflyer shares this year, the accumulated cash size is at least about 9billion USD, if you count the Firefly investment Nokia, Cisco and other companies paid Profit, the current cash reserve scale of Firefly investment even exceeds the 10 billion USD level.
In addition, AOL directly exposes that the Firefly Group clover fund also hoards a large amount of cash, and the amount is not less than Firefly investment.
The entire Firefly system is so rich in cash reserves that Firefly investments do not need to sell technology stocks.
The reason why the Firefly investment will do this is to use the entire NASDAQ market as a threat to force the Federal Ministry of Justice to abandon the intervention and investigation of the monopoly market share of Yahoo Browser.
Although many people know that the statements in the AOL press release are entirely factual. However, AOL's "outspoken" attitude still makes many people lament that this is a young company. At the very least, the editor-in-chief of the AOL portal that allowed this article to be published is certainly not that well-understood.
Many things are done by everyone, but it is absolutely impossible to say.
Sure enough, this article of AOLweb portal has just been published less than 10 minutes, and the letter of lawyer of Firefly investment was directly sent to Steve · Kes.
At the same time, Firefly Investment also made a blunt counterattack on the Yahoo portal, indicating that every step of the Firefly investment reduction plan strictly complies with relevant federal regulations. The company not only reported to the Federal Exchange Commission in advance, but also The announcement informs the shareholders, which is enough to show the responsible attitude of Firefly investment to the majority of investors. Therefore, AOLweb portal's speculation about the purpose of reducing Firefly investment is a malicious smear. Firefly investment company requires the AOL portal to immediately withdraw the relevant manuscript. At the same time, the editor who wrote this article and AOLweb portal will be formally proposed on the grounds of infringement of reputation. litigation.
When many people are secretly expecting that AOL will forcibly fight against the Firefly system, the article on the AOL portal disappears in less than half an hour.
Although the AOL portal did not make any apology, the active retreat of AOL has caused many other smaller news web portal to converge.
Some people even noticed that although they have established several reductions, but after the previous merger, Firefly investment is still the major shareholder of the AOL-Time Warner Group, with a shareholding ratio of 4.3%.
Moreover, as many investment bank institutions continued to reduce their holdings and exit, the ranking of Firefly investment in the ranks of major shareholders of AOL-Time Warner rose step by step. At this time, the shareholding ratio has been second only to Ted Turner ’s 6.5 %, Unconsciously, became the second largest shareholder of AOL-Time Warner.
Although due to a series of reasons at the time, Firefly investment did not occupy a seat in AOL-Time Warner Board of Directors at this time, and even authorized the voting rights of the stocks in the hands of the AOL management during the merger of the two companies.
However, after this episode, the outside world once again realized that even if it was just an external shareholder who was completely unable to intervene in the management of AOL-Time Warner Group, Firefly investment, after all, was the second largest shareholder of AOL-Time Warner. May ignore the existence of such a large shareholder.
When the Nasdaq market was mourning with the Firefly investment reduction plan, the afternoon Ministry of Justice hearing was held as scheduled.
According to the agreed strategy, YahooCEOIan · Gernier responded to the Ministry of Justice ’s response to the Yahoo Browser in front of the Minister of Justice Jenny Te Renault who personally supported the hearing and dozens of journalists. Various questions.
In response to the Ministry of Justice ’s allegations that Yahoo Browser restricts the development of Internet companies in the same industry, Ian · Gernier responded in a random manner.
Besides Yahoo Browser, whether it is web portal business, e-mail business or search engine business, Yahoo is a pioneer in the industry.
That is to say, many Internet manufacturers of the same type are completely imitating the various business models of Yahoo. Some of the imitators directly copied many technical patents of Yahoo, which greatly infringed Yahoo ’s. Core interests.
In the face of these imitators, Yahoo not only did not fight back, but in a very open posture, proactively authorized a large number of technical patents to the outside world, which promoted the development of the entire industry, which is enough to show that Yahoo is full of social responsibility enterprise.
The two-hour hearing, through careful preparation and skillful on-the-spot performance, Ian Gnell almost completely controlled the rhythm of the entire hearing.
Although Jenny Ter Reynolds did not directly announce the decision of the Ministry of Justice, even the guests who were not well-versed in the hearing, foresee that it is impossible for the Ministry of Justice to take any substantive action on Yahoo Browser.
After all, as Ian Gnell said at the hearing, unlike Microsoft ’s expensive Windows operating system, Yahoo Browser is completely free. This software will not only increase the user ’s expenses, not only that, The unified interface standard also helps users to surf the Internet more smoothly.
Moreover, Yahoo has invested tens of millions of USD funds for this free browser every year, and the company has sufficient reasons to enjoy the platform benefits brought by this product. Yahoo has maintained a sufficiently open attitude and is not obliged to further accommodate companies that imitate the business model of Yahoo.
After the hearing, Yahoo published the entire content of the hearing in full text for the first time and released a complete video.
At the same time, the media platform of the entire Firefly system also exerted force at the same time, and began to discuss and control the field. Since the afternoon of the same day, the situation has almost tilted to the whole Firefly system.
After all, Eric did n’t rush to Washington to join in the fun, but in the afternoon, he received a call from Jenny Te Reynolds. The result of the hearing, and hope that Firefly investment can cancel the reduction plan to avoid further affecting the trend of the NASDAQ market.
With this almost one-sided hearing, the Nasdaq also showed a one-sided attitude throughout the entire trading day on Monday.
In just one day, the Nasdaq fell 177 points. Many technology stocks fell directly to their lowest point two weeks ago within six and a half hours.
However, although the Ministry of Justice has already expressed its position on Yahoo Browser, Eric does not intend to give up this reduction.
After all, once temporarily abandoning shareholding reduction, it is confessed confessed that the reduction of Firefly investment is to put pressure on the Ministry of Justice. This will not only hit Firefly's own investment, but also the Ministry of Justice.
Therefore, the next day, although the Ministry of Justice held a press conference on time at nine o'clock in the morning, it was announced that as long as Yahoo Browser maintains its consistent operating strategy, the Ministry of Justice will not intervene too much in this software.
However, after the market opened in the morning, the Firefly system's holding action continued.
A siege that originally wanted to launch against Yahoo was almost done before it started. Now, many people feel the feeling of stealing the rice from the chicken.
For the entire trading day on Tuesday, the Nasdaq index fell again by 97 points. Although today ’s decline has begun to slow down relative to yesterday ’s decline, the rebound trend of the entire Nasdaq market has clearly ended .
I was expecting the Nasdaq to bounce back to the 4,000-point high Wall Street. Looking at the Nasdaq index that has dropped back to 3403, I almost felt like crying. After all, just after the crash, Wall Street's shareholding reduction actions in this rebound process were very cautious. The short two-week period is far from enough for Wall Street's major investment bank funds to fully cash out their technology stocks.
Now, the situation is starting to turn around again, and it would only be more difficult to cash out the stocks in your hands.
And, more seriously, the last Nasdaq rally was largely the result of a series of positive news from the Firefly system.
But now in this case, the Firefly system that has just been put together by some competitors will obviously not be making a move to support the NASDAQ market. So, besides the Firefly system, who else can take on this role?
The answer is no.
Another available Microsoft antitrust case has now been settled.
In addition to Microsoft, the entire new technology market, only the Firefly system still has this strength.
However, no matter from which point of view, the Firefly system with strong capital accumulation cannot be influenced by Wall Street to sit in such a thing.