After the IPO, Igrete did not readjust the fiscal year cycle, and it is still calculated according to the calendar year.

On October 23, in the third quarter of 1995 financial report released together with the new Forbes US 400 list, Ygrit's revenue for the third quarter of 1995 increased by 71% compared with $3.31 billion in the same period last year, and the income was $5.65 billion. Even if the company's net profit is only $310 million, even if it is stolen most of the attention by the Forbes list, this financial report can only be described as shocking in the eyes of those who are interested.

Counting the receipts of $3.91 billion and $4.73 billion in the first two quarters of this year, Igrate's annual revenue in the first three quarters of 1995 has reached $14.29 billion, and it is expected that the annual revenue in 1995 will easily exceed $20 billion.

In 1994, Igret's annual revenue was only 11.67 billion US dollars, for most enterprises, the revenue exceeded the threshold of 10 billion US dollars, and it was already considered a high speed to continue to maintain a growth rate of about 30%, and the expected revenue growth of Igrete in 1995 could still reach more than 70%, which can only be said to be a miracle.

However, a careful analysis of Igrete's detailed financial report shows that there is not the slightest moisture in this business miracle.

Because of the explosion of the Internet industry, the company that created the WWW standard and firmly controlled the browser entrance, its Internet basic tool software, YWS cloud computing services, online advertising business, software and game stores, e-commerce platforms and other products, the market demand has shown an exponential growth trend with the outbreak of the entire industry.

In the case of monopolizing most of the core patents of the World Wide Web technology, Igret's core products are the only one, so they have absolute pricing power.

Any enterprise or capital that wants to get involved in the Internet field must first spend a lot of money to purchase a full set of Internet basic tools and software from Igret, especially after these software are sold out to a subscription model, it is no longer so easy to use pirated software by exploiting loopholes.

If you want to set up a website quickly and easily to carry out services, it is undoubtedly the wisest choice to use YWS directly.

Whether it is to open a website or operate new technology-related products, if you want to promote, you can't avoid the various online platforms of Igreit.

Egret's software and game stores are the platform of choice for many small software and game developers who cannot afford to publish independently.

And so on.

In 1995, the total scale of capital directly poured into the field of new technology reached the level of 100 billion US dollars, and the frenzied burning of capital made Igret, which pioneered the World Wide Web standard, naturally become the biggest beneficiary.

Even though Simon has been deliberately suppressing Igrett not to pursue excessive interests at this stage, the new tech giant is still making money every day.

I can't stop it.

Simon is happy to see the crazy capital accelerate the development of the Internet industry, but he doesn't want to see Igrett fall into madness as well.

Therefore, in the morning conference call, Simon mainly took the trouble to repeatedly tell several responsible persons to start seeking stability.

The frenzied expansion of Igrete in the early stage was mainly to launch more and richer online services and content in the shortest possible time, so as to meet the needs of peer companies and attract the public to open online services. Now that this work can be relayed by other crazy capital, what Igrete needs to do is to be patient and deepen its existing business, software services, e-mail, online payment, search engine, social networking, e-commerce, etc.

If it weren't for the fact that the time hadn't come, Simon would have wanted to streamline and slim down Igritt right now.

Even though Simon repeatedly recited the mantra to the management, after the completion of the IPO, Igrett has been making frequent moves recently.

The first is a batch of data centers that will be built in overseas countries, eight at a time, located in the United Kingdom, Germany, China, Japan, Singapore, Italy, Spain, and Australia, although the scale is different due to the current situation of the local industry, but the total investment of eight data centers is expected to reach 2.5 billion US dollars.

This plan is not only Igret's established strategy, but also to show its attitude to investors.

In the original prospectus, Igrete emphasized that the funds raised by the public offering were mainly to promote overseas expansion. Simon's promise when he met with several Washington giants at the White House, he also believes that all parties will not forget.

A total of eight data centers with an investment of $2.5 billion are the attitude of Igret.

Not only that, but AOL, Cisco, and even Verizon will all cooperate with Igreit's plan.

While AOL is improving its domestic infrastructure network, it has already begun laying its own private transatlantic submarine fiber optic cable, and will soon launch a larger transpacific submarine fiber optic cable program with a larger scale and investment.

In conjunction with the construction of a new batch of large data centers, Igrete recently announced a new hiring plan for up to 20,000 people, including 3,000 in the U.S. and another 17,000 in order to expand the global hiring of various overseas branches.

The bubble in the new tech industry in the United States has indeed formed.

However, Igret, which has taken the lead in market capitalization and has attracted a lot of criticism, is actually the company with the least bubble even compared with Cisco, AOL and other companies in the Westeros system.

Although the haze of the Wisconsin distribution center shutdown has not yet dissipated, when the first quarterly earnings report after the IPO of Igrete was released in the new week, it still caused a strong reaction in the market.

When Simon ended a remote video conference with Igret's executives at more than 12 o'clock in the afternoon on the East Coast, Igret's stock price had risen by 6.1% since the morning open, and by the close of the New York stock market at 4:30 p.m., Igret's stock price finally rose by 11.7% in a single day, and its market value soared from $253.9 billion before the morning opening to $283.6 billion.

There is no shortage of irrational sides to capital markets, and some things are obvious.

After the U.S. stock market closed that afternoon, Barron's published an analysis on its official website, pointing out that based on Igret's current revenue of $20 billion, if the company abandons its aggressive expansion strategy and starts to pursue profits immediately, according to the 20% net profit margin standard of new technology companies, Igrete can achieve an annual profit scale of $4 billion.

Therefore, the market capitalization of $283.6 billion at the end of the day is actually only equivalent to a price-to-earnings ratio of 54 times.

Considering that Igrett still maintains an annual revenue growth rate of more than 70% after its revenue exceeds $10 billion, and the price-earnings ratio of 54 times not only does not exist in water, but is even quite conservative, it is at least double to be worthy of the company's true value.

Actually, that is.

The market value of Egrett has at least doubled room to grow, and it is very promising to eventually exceed $600 billion.

When the Barron's article was pushed to the front page of the portal by Eaglet, there was no shortage of supporters, but it quickly attracted a large number of objections. Julian Robertson, the founder of Tiger Fund, who publicly threatened to short Westeros System technology stocks, unceremoniously criticized Barron's for 'grandstanding' in a CNN interview that evening.

It turned out that news soon circulated on the Internet.

Because of the continuous rally in the entire Nasdaq market in the period after Igret's listing, many of Wall Street's hedge funds that followed Julian Robertson to build short positions in technology stocks have suffered heavy losses, and in two weeks from October 6, the paper loss of Wall Street shorts is likely to have exceeded nearly $1 billion.

If Westeros technology stocks such as Ygritt continue to maintain their current growth rate, many shorts will be liquidated for a month at most.

In the game, Simon's information is more accurate, so he also knows the inside story in more detail.

According to the information gathered by the team of Cersei Capital, the shorts of the Westeros system technology stocks have recently lost no less than $1.6 billion. However, Cersei Fund Management, which focuses on hedging operations, has a book profit of less than $500 million, because there are also many longs who have entered the market.

Wolves have more meat and less meat.

On the contrary, Julian Robertson's Tiger Fund actually did not lose much.

The Wall Street financier apparently instigated a large group of cannon fodder to strike first, and the Tiger Fund did not build many short positions.

After finishing the day's work, Simon also had a dinner with Raymond Smith, CEO of Verizon Telecommunications, in the evening, mainly to discuss the layout of the Westeros system telecommunications field after the Clinton administration is about to enact the "Telecommunications Act".

When he bought Bell Atlantic, the predecessor of Verizon Telecom, Simon was mainly interested in Raymond Smith, who single-handedly expanded a local Bell into a telecommunications giant on a par with AT-T. Limited to U.S. telecommunications regulations and industry antitrust regulations, Verizon Telecom has only concentrated its fixed-line business in a few states on the East Coast of the United States for the most years.

However, the fast-growing mobile communications service does not have such limitations, as is the case with Internet access services that have been overtaken by AOL.

Therefore, Verizon Telecom's business center in recent years has been mobile communications.

With Simon's unremitting support, in the process of auctioning the mobile communication spectrum license held by the Washington authorities last year, Verizon alone spent $1.8 billion and directly won half of the spectrum resources.

In addition, Verizon Telecom's overseas spending with Westeros companies such as AOL has also expanded rapidly.

Forbes magazine's wealth list was calculated this time, as a privately owned wholly-owned subsidiary of Westeros, Forbes magazine gave a valuation of $30 billion, and also claimed that because there were no listed employees, the valuation of $30 billion was still very conservative.

To avoid being crowded, dinner was held directly at Simon's apartment on 68th Street on the Upper East Side.

Waiting for Girl A to personally bring lunch to the two and then quietly leave, Raymond Smith chatted with Simon, looking at the still young face across the table, and his heart was full of emotion.

Raymond Smith also got the latest issue of Forbes magazine for the first time in the morning.

$700 billion.

Just seeing this number, Raymond Smith's first reaction was incredible, even though his boss's net worth reached $300 billion last year.

You know, 700 billion dollars, which is already close to 10% of the federal GDP.

According to the U.S. Treasury Department, the federal GDP for the whole year in 1995 is expected to be only $7.6 trillion. It is equivalent to Simon's wealth alone has reached 9.2% of the federal GDP, which is far more than the 1.5% ratio of the Rockefeller family at its peak, even if the three major families of Morgan, Rockefeller, and Carnegie together cannot be compared.

Globally, this figure is even more exaggerated.

Not to mention the year 1994, which already has detailed figures, but the year 1995 has not yet ended, and there are less than 10 countries with an estimated annual GDP of more than 700 billion US dollars, Raymond Smith specially checked the information in the morning, and this year's GDP is expected to rank 8th in the world, China, with an annual GDP of only about 730 billion US dollars.

China is a huge country with a population of 1 billion people.

Spain, ranked ninth, is expected to have a GDP of only $610 billion in 1995.

That is to say, the personal wealth of his young boss is enough to rank 9th in the world.

Rich to rival the country.

As for whether the figure of $700 billion has water, after reading the Forbes feature article, Raymond Smith has no doubts at all.

The shares of Cisco, AOL, Igritt and Daenerys alone have contributed $500 billion in personal wealth to their own bosses.

This is based on the market capitalization of companies at the beginning of the month, when the market value of Igrete was less than $230 billion.

And just today, the market value of Ygritt rushed to a high of $283.6 billion.

According to his boss's shareholding in Ygrit, it is equivalent to an increase of nearly $30 billion in net worth in one day, which has surpassed everyone else on this year's Forbes list except for the second place Bill Gates $57.3 billion, and the third place Warren Buffett has a personal net worth of only $12.6 billion, less than half of Simon's net worth in a day.

In addition to the four most valuable companies such as Cisco, the entire Westeros system, not counting the many subsidiaries of the Big Four, Simon has invested or controlled countless companies over the years, including only companies with a market value or valuation of more than $10 billion, still not counting the Big Four, there are 11 others.

With so many other billion-dollar companies like Qualcomm, Alia, Instagram, Aldeck, ATI, and so on, it's hard to say which one of them will suddenly start to skyrocket and become a corporate behemoth.

The shares of these companies alone are enough to make up another $200 billion and have a surplus.

And that's just the assets.

According to various rumors over the years, in addition to a large number of unlisted companies at home and abroad, Westeros even bought a large number of shares of traditional corporate giants such as General Electric, Boeing, and Freddie Mac, but there is no specific information because the shareholding does not exceed 5% and does not need to be disclosed.

As for how Simon got enough money to make the investment he wanted, it is not difficult to imagine that Forbes directly gave Cersei Capital a valuation of $30 billion this time. Cersei Capital is a Wall Street financial upstart that is fully owned by the Westeros, and only shares in its subsidiaries are distributed to others.

In recent years, every major financial upheaval, whether it is the European currency crisis or the collapse of the Mexican peso, has not lacked the shadow of Cersei Capital.

What's more, even without Cersei Capital, with the influence of the name Westeros, it is easy to borrow money from various banks, even if it is billions or tens of billions of dollars.

The way of the world is that the richer the person, the more the bank likes to lend money to each other.

Moreover, it is worth mentioning that the hundreds of billions of dollars of social assets controlled by Black Rock Asset Management, a subsidiary of Cersei Capital, are a capital bargaining chip in the hands of the Westeros system.

Compared with those ordinary people who are confused, Raymond Smith, who is at the top of the social pyramid, also understands what this wealth really means.

Today's Americans, almost every day, inevitably come into contact with information related to the Westeros system, almost every day may use various products and services related to the Westeros system, this is the most intuitive display of Simon's personal wealth, the Westeros system has begun to affect all aspects of Americans.

The industries involved in the Westeros system may not be as sensitive as the energy fields such as electricity and oil, however, if the Westeros system wants to deal with some people now, it only needs to cut off the various industrial services it is involved in, and the people targeted will be very unhappy.

Up to the White House, down to civilians, without exception.

Therefore, after Raymond Smith learned about the things in the Wisconsin logistics distribution center, he felt that the American Truckers Union was really out of a big stupid move.

The United Auto Workers' demands have brought down the huge automobile industry that the United States could have dominated the world, and how can the Eaglet Company succeed in the current anti-union trend in American society?

Coming up with these unseemly methods, wanting to directly lie on the Igrett company and suck blood, not only will it not succeed, but it will only make Igrett more jealous of the truck drivers' union. Coupled with the various ills accumulated over the years within these old trade unions, it is too easy to deal with.

What's more, it is the only $700 billion super-rich in the world who controls Igret.

Not only that, on this year's Forbes list of the 400 richest people in the United States, in addition to the high-flying Simon, the entire Westeros system is emerging, and the list of 400 people, not counting Bill Gates, Larry Ellison, who are only super-rich people who are related to shareholdings rather than the core of the system, there are 37 members of the Westeros system who are supported by Simon himself or the core executive of the Westeros system and are on the list.

Again, almost one in ten percent.

Through a generous contract Simon gave him a few years ago, Raymond Smith himself was fortunate enough to be included with a personal fortune of $450 million.

In a capitalist world like the West, all these people are a terrifying force capable of destroying any force.

The entire Westeros system, all the forces gathered together, not to mention just against a certain person or a certain company, even if it is a country, even if this country is the United States, it is inevitable that it will hurt the muscles and bones, and other small countries are enough to easily destroy the withering and decaying.

In comparison, the capital oligarchs who sold emperors and wars in the long history of mankind are only a drop in the bucket compared to the current Westeros system.