Apparently with the stakes in mind, the article that ultimately accused the internet of being a Ponzi scheme did not directly name names, but instead cited a series of detailed data. Even so, a discerning person can still understand at a glance which company the 'industry giants' are referring to in the article.

After all, the power of many short capitals and the Mellon family should not be underestimated, and the unified efforts of a large number of media across the United States have inevitably triggered huge social repercussions.

Even though the Westeros system made many timely responses, the Nasdaq still fell significantly at the opening of trading on Monday, January 27, and the first company, Egret, fell by 1.3% within an hour of opening, with a book loss of more than $10 billion.

In the end, on Monday, the Nasdaq index closed down 69 points, a decline of 1.1%, as a leading stock, the stock price of Igrett also fell by 0.7% in a single day, and the market value fell from a high of $751.9 billion last Friday to $746.6 billion, and other companies such as Cisco, AOL, Microsoft and other companies also fell to varying degrees.

Even if it doesn't meet expectations, such a 'good start' has made some people quite excited.

So, that night, the latter came out again.

On the CBS television station under the control of Westinghouse Electric, a former Republican administration official of the US Department of Justice was interviewed, strongly criticizing the Clinton administration's delay and perfunctory antitrust investigation of Ygritt by name, and calling on the federal Congress and all US states to unite and put pressure on the White House to dismember Ygritt, a 'monopoly monster' that hinders the development of the new technology industry.

Not only that, the next morning, a large number of local print media and social networking platforms once again appeared some influential senior government officials or public figures in the United States to call on the Federal Reserve to raise interest rates in order to control the growing overheating of the federal economy, especially to promote the Internet and other new technology industries with serious bubbles to turn on a benign development track.

Whether it is an attack on Igret, the largest Nasdaq company by market capitalization, or a call for the Federal Reserve to raise interest rates, it can be said to hit the nail on the head.

On Tuesday, the Nasdaq fell sharply again.

Compared with Monday, Tuesday's one-day decline widened to 1.6%, and Igret's stock price also expanded from yesterday's 0.7% decline to 2.1% on the day, with a single-day market value of more than $15 billion.

There is something in the wind.

Two consecutive days of bearishness, although it has not yet triggered a large-scale selling frenzy? However, it is clear to everyone that this continues. The result will only be a crash. Thereupon? The tech stock forces, led by the Westeros system, also made the most determined counterattack.

Tuesday night? Federal Reserve Chairman Alan Greenspan was interviewed by ABC Evening News and personally stated that in order to maintain the current prosperity of the US economy? In the short term? The Fed doesn't have any plans to raise interest rates.

Then came Wednesday.

Along with propaganda articles from major portals and major newspapers on the East and West Coast about Egret's huge subsidies for e-commerce through profitable businesses such as advertising and software, and the creation of at least 100,000 long-term jobs for the Federation inside and outside Egrett with huge losses of up to $1.7 billion in the past year, the White House press conference in the morning? Facing a question from a journalist? A White House spokesman made a statement in public? Considering the close interconnectedness of Igret's many businesses and the large number of jobs created in the Federation? Will the Department of Justice carefully consider a split of Egret? It will only push Igrete to improve certain marketing strategies that are detrimental to small businesses and consumers.

Same? After the White House's statement, Igrett responded almost simultaneously.

On the morning of the West Coast, Egrett publicly signed a technology licensing and compatibility sharing agreement with IBM, Microsoft, Hewlett-Packard and other companies that also provide data center services at its headquarters campus in San Francisco, focusing on increasing the compatibility of Igret's Internet infrastructure software with other data center service providers.

Obviously, Igrett did this? It is in response to the accusation that Egrett bundled its software with data center services and forced sales to users in an investigation launched by the Department of Justice late last year. And that's not all? Wednesday afternoon? Igrete announced again? In order to support the growth of small technology enterprises, Igrate has reduced the price of its data center services by 15% across the board, effective immediately.

And that's not all.

Thursday morning? Igrett executives held a press conference in Florida at a soon-to-be-completed Amazon warehousing and logistics center near Miami, announcing that it will start the recruitment plan for 2,000 employees ahead of schedule, and at the same time, after the official opening of this logistics center near Miami, in addition to the scale of its own employment will increase again, it will also bring no less than 10,000 jobs to the surrounding area.

At this press conference, a judge in charge of the antitrust investigation of the Florida Attorney's Office personally stood on the stage and affirmed Igret, saying that the settlement negotiations between the Florida Attorney's Office and Igrete on last year's antitrust investigation have come to an end.

For two days in a row, a series of news that was completely close to flipping attracted a lot of criticism from the bears for controlling the public opinion platform, but the market feedback was immediate.

Egret's two-day decline on Monday and Tuesday came to an abrupt halt on Wednesday and began to rise, along with Greenspan's personal statement, and the Nasdaq, also led by the rebound in Eaglet's stock price, quickly recovered its losses and returned to the high of 6,300 points at the close of last Friday.

The rapid reversal of the whole thing is completely crushing for some interested viewers who know a little bit about the inside story.

The disparity in strength between the long and short sides is too great.

Short capital can only use some local media or small online platforms and some former politicians in the opposition to speak out and create public opinion, while the bulls have moved directly out of the White House and the chairman of the Federal Reserve, and controlled the influential mainstream media such as Ygritt Portal, ABC Television Network, and the New York Times.

On the other hand, Igret's further opening measures and the promotion of local employment have also brought the Department of Justice and state prosecutors' offices a big step, and anyone with a discerning eye can see that last year, the White House initiated an antitrust investigation in order to grasp it, and after Igrett broke the game, it will soon end up in a tiger's head.

It is certain that Egrett will not be split, even if the price reduction in data center services and the licensing of technology to other peers will have some impact on Igret's revenue and monopoly advantage, but in the end, the benefits far outweigh the negatives.

Finally, Friday, January 31.

After a lively week, the Nasdaq finally closed, not only did not turn to collapse, but compared with last Friday's close, it continued to accumulate a 1.8% increase in a week. Reached 6437 points.

The most dazzling is still Igrette.

The rally-rally lasted three days on Wednesday, Thursday and Friday, and by the close of trading on Friday, the company had reached a market capitalization of $773.1 billion, a weekly gain of 2.8%.

It seems to be a single-digit percentage increase, but at this time, the NASDAQ market and the size of Egrett are still quite large numbers. Correspondingly, it was this week, and the short capital that had recovered some of the lost ground in the first two days ended up in a loss after a week.

Sunday, February 2nd.

Simon came to New York yesterday to spend a day with Erin Lauder, and this morning's time was given to Grace.

Then at noon, the invitation was Amancio Ortega, the founder of Inditex from Spain, although the Spanish businessman was later the richest man in Spain and was short-lived in the position of the richest man in the world, but at this time it was nothing to Simon.

No way.

Simon is no richer than anyone else.

After lunch, he personally finalized the plan for Westeros to invest in Inditex, the parent company of Zara, and in the afternoon, he went to the residence of Chen Qing and Lin Su in the Upper West Side.

As soon as he entered the door, Chen Qing pounced: "Boss, you are really amazing." ”

Simon stood in the hallway and raised his foot with a smile and let the waitress help him change his slippers, while saying, "What a coincidence, I have always felt the same way." ”

"Oh, but, on Wednesday, they signed a cooperation agreement with IBM in the morning, and announced a big price cut for YWS in the afternoon, which is too much of a loss, boss, although Igritt can definitely afford to fight the price war, but it's not necessary, I think it's enough to just sign a cooperation agreement. ”

The two of them said and walked into the living room.

Simon didn't answer immediately, but asked, "What about Asu?"

"She's just gone out to buy something, and we're going to make you something to eat in the evening. ”

Simon nodded, and the two sat down on the sofa in the living room, and when Chen Qing finished speaking, he stared at him with bright eyes, and then said: "This is the original plan, our YWS, if you pay enough attention, should understand that it is very different from some other traditional data centers." ”

Chen Qing leaned softly beside Simon, and said, "I know, cloud computing." ”

"Yes, cloud computing, in addition to maximizing the benefits of data center resources, another advantage is that the larger the scale, the lower the relative cost. In fact, from the very beginning, compared to other companies that provide similar services, Igret's profit margins are very rich, but at the beginning to avoid the alarm of peers, we set a relatively high price, and now, Igret's data center scale continues to expand, the relative cost is lower, 15% lower, our gross profit space is still far more than other peers. ”

"Does this mean that there will be price reductions in the future?"

"Yes, in the final analysis, in business competition, compared with technical barriers and the like, low prices have always been the most direct and effective moat, as long as your price is low enough, you don't need to worry about the emergence of competitors. Cloud computing technology, although Igrete was developed some years ahead of time, but this technology that has been proposed in the 80s is not very difficult to overcome, and Igrete wants to ensure its first-mover advantage, and the most effective way is price. ”

Chen Qing thought about it sideways and said: "Then, let me guess, after the collapse of the Nasdaq, Igrete will definitely reduce the price sharply again, and even the price reduction will be far more than 15% this time. ”

"Bingo. ”

Speaking of which, the reason why Amazon was able to occupy half of the global cloud computing business is that the leading position in technology research and development is not the key, but in fact, Google was the first to develop a mature cloud computing solution in order to save costs.

Why Amazon can be the king of the cloud computing business, the key is the price, this company even in the absence of competitors at the same level, perceived that its profit margin is too large, so it took the initiative to reduce the price and reduce the price, so when the body is large enough and the cost is getting lower and lower, it has created an insurmountable business moat for itself.

Other companies in the follow-up, because the volume can not be compared with Amazon, the relative cost is higher, so they can only fight with Amazon with long-term losses, and the result can be imagined, although they can eventually obtain a part of the market, but it is impossible to compare with Amazon after all.

So, for Igret's YWS business, Simon personally stepped in and finalized the same strategy.

This 15% price reduction is just the beginning.

With the size of Igret's data center, which is now 10 times that of its peers, it is impossible for Microsoft or IBM to form competition, and even in the cold winter of the Internet industry that can be expected after the bursting of the new technology bubble, it will be a big question whether other competitors can survive.

In the living room, after talking about this matter, Chen Qing asked curiously: "Boss, the Nasdaq is now 6400 points, how high do you think you can go in the end?"

Simon could only shake his head at this: "I really don't know this." ”

How high the Nasdaq can go is probably one thing that anyone who pays a little attention to new technology is curious about.

Compared to March 2000, when the Nasdaq turned around 5,000 points, this time, even Simon, is not sure at all.

Actually, Simon thought about this question a long time ago.

First of all, it can be determined that the Nasdaq's high of 6400 points at this time is still not too out of control.

Because this time, compared to the past, the new technology market has more than Igret, which is still worth $770 billion, and in addition, another company that is also called a sideways Tinkobar, which also reached a market value of $321.7 billion at the close of trading on Friday.

The combined market capitalization of these two companies, which has never appeared in history, is more than $1 trillion, which is basically enough to support the 1,000-point Nasdaq index.

On the other hand, compared with the collapse of the Nasdaq around 2000, the Internet industry is still in the embryonic state, because Simon has spared no effort to promote the power of the entire Westeros system over the years, the Internet industry in the United States, whether it is the scale of users or the development of enterprises, has advanced by at least 5 years.

Let's just say that Yahoo, when the Internet bubble burst around 2000, it was worth supporting the company's $100 billion market, and only a few hundred million dollars in revenue. And now Igrete is just one, and its revenue has reached more than $30 billion.

Others, such as Cisco, AOL, etc., have developed far more than they once were.

In fact, this means that the related industries have real performance support, and the foam component is far less big than thought. Therefore, after the 5,000 points of the transnational past, how high the Nasdaq can go this time, not to mention others, Simon himself does not have any eyebrows at all.