Microsoft's crash did not only bring trouble to Microsoft. Cisco, 51 Search, and all other tech companies, including Microsoft, are also affected.
Some companies' crashes are worse than Microsoft's.
In this wave of tech bubble, there are many trashy tech companies. After all, the tech industry in the US is crazy. Even a website that allows housewives to work part-time online can get millions of USD in an instant, and the share price rises to tens of millions. It's too surreal.
When the bubble is in full swing, these companies are doing well.
But when the bubble burst, these companies are no better than trashy stocks.
One of the worst companies had triggered 16 circuit breakings in one day, and the share prices fell to less than 0.2 USD. The CEO of this company is uncontactable.
There were countless stocks that plunged like this in the US stock market.
Cisco is not the only company suffering. Cisco is a company with powerful technologies and a wide variety of product lines. This company will influence the industry for the next 20 years, but it had 6 circuit breakers. It is one more circuit breaker than Microsoft.
Intel fared better with four fuses.
51 Search has seven circuit breakings. It is worse than Cisco.
When the market closes on Monday afternoon, the entire stock market is in chaos.
In the end, according to the statistics, the entire US stock market lost 980 billion US dollars in market value in one day. It almost reached 1 trillion US dollars.
On Monday night, Green Span, who had been the chairman of the Federal Reserve for 13 years, gathered many brokerages and institutions in a club. After a fierce debate and meeting, everyone finally reached a certain consensus.
The bubble can be burst, but not now. They must give everyone a chance to escape. Now, everyone must be united to stabilize the stock market.
So, when the market opened on Tuesday, all investors were relieved. Microsoft's share prices rose a little, and most of the empty orders on the market were withdrawn. Microsoft's situation had stabilized.
But it is only for a short while …
Although Green Span had used his charisma and authority to stabilize the United States' institutions, his charisma and authority are only temporary. Compared to the huge economic benefits, he is nothing.
Therefore, even though the market was stable now, any slight movement could cause the market to collapse again.
On the other hand, Green Span was trying his best to stabilize the market. As a result, the slogan and comments about value investing began to circulate throughout the stock market.
This slogan was that everyone should not retaliate by chasing up and killing down. Everyone had to understand that the actual value of many internet companies was the most important.
Shareholders should not blindly sell their stocks in a panic. Instead, they should be clear about the value of each company.
For example, although Microsoft's financial report for the second quarter is not out yet, they had made more than 8 billion USD in profits for the first quarter.
Microsoft should be doing better in the second quarter. They had gotten the entire gaming distribution market, and they should have more than 10 billion USD in profits. Their annual profits will be more than 20 billion USD.
Although Feng Yu does not know how this 40 billion USD profit is calculated, based on the P/E ratio of at least 10, Microsoft's market value should be at least 400 billion USD. Microsoft is worth this amount of profit.
Now, Microsoft's share prices are slightly more than 400 billion USD.
Now, everyone is trying to take revenge by selling their Microsoft shares at a low price. In the future, Microsoft's shares will return to the peak of value investing, and everyone will suffer losses.
It had to be said that these comments were very tempting. Therefore, the stock market really stabilized. Although it still looked shaky, it seemed to have really stabilized.
Microsoft also started to announce to the public that they will continue to expand their market share in the gaming and mobile market. In the future, Microsoft's market share will be limitless. They are trying their best to make everyone happy, but there are still people who like this.
Anyway, everything seemed to have stopped. Everything seemed to be going well until someone suddenly revealed on the Internet that Bill Gates had sold 15% of his shares. This despicable b * stard had already escaped.
The person who exposed this is Tie51's stock market forum. A hot-tempered old man posted the trading records of Bill Gates's charity fund.
Within a month, Bill Gates had sold 15% of his shares. On Monday, Bill Gates had sold 0.25% of his shares.
This post angrily states that Bill Gates had fooled all of China's shareholders. Bill Gates had used underhanded means to push up Microsoft's share prices and then used his charity fund to sell off his shares to make money.
Bill Gates had sold 15% of his shares and made 90 billion USD in cash for Bill Gates. On the surface, all the cash will be kept by Bill Gates's charity fund.
This hot-tempered old man posted another piece of evidence. The charity fund's expenses for the first month is as high as 5 million USD.
However, the funds that the foundation actually used to carry out charity projects were less than two million US dollars.
Not only that, but in the detailed administrative expenses announced by the foundation, there was a strange transaction. The foundation actually bought 1000 ergonomic chairs, and the price of each chair was as high as 990 US dollars, which added up to a huge expenditure of 900,000 US dollars.
Other than that, there are many other interesting things in the list. The list is published by the charity fund, and everyone can check it. There is nothing fake about it.
When this news was released, Bill Gates and Microsoft went crazy. Everyone is scolding Bill Gates. Bill Gates and his men were stunned.
Some people might wonder why Bill Gates would do such a stupid thing and make such a stupid mistake on a published list.
Bill Gates is not to be blamed. Although the United States' charity fund regulations state that the fund must be transparent and must report to the relevant authorities, these regulations state that the charity fund must be kept confidential.
But in fact, once these reported data were sent to the management organization, they were usually sealed at the bottom of the box. Normal people would never be able to find these so-called public records.
But with the development of the internet, some United States Senators proposed a proposal for the government to use the internet to get more votes. After that, the charity fund management set up an internet database, and all the new charity fund's reports will be sent to the database for everyone to check.
The veterans of charity funds, who were used to making all kinds of outrageous reports on weekdays without worrying about being checked, did not expect the arrival of the Internet era and the huge changes it would bring to the world. Their work and data would all be placed in front of the netizens.
That's why everything blew up.
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