When it comes to bubbles in later generations, two things appear in everyone's minds, one is the real estate bubble of the foot basin, and the other is the Internet bubble. And the starting point of this Internet bubble actually starts from the listing of Netscape.

True, bubbles lead to wasted and distorted investments. But the bubble is not as big as is usually thought.

In fact, in William White's view, it is this irrational injection of funds that has allowed the country to maintain growth in the following decades.

Of course, there are indeed some companies that are foolish, without a complete business plan, and are completely engaged in concepts.

When the sea suddenly recedes, those bastards who have no clothes will naturally be eliminated by the market.

"Alan, what, are you hiding from those reporters too?"

Looking at this ill-intentioned old thing, Greenspan also looked disapproving.

"Hmph, you're embarrassed to say me, if you weren't hiding in the countryside, I guess it wouldn't be much better than me. ”

Buffett doesn't seem to have anything else to say except shaking his head and smiling bitterly.

After Lao Ke came to power, he made a high-performance computer bill. It's a pity, like the Star Wars project, it's a lot of bragging rights, and when it comes to the state governments below, this bill is basically a waste of paper.

What's the matter, it's easy to talk about money, and we welcome tax cuts. As for the fiber optic backbone you are talking about, is this thing delicious?

If you don't see the benefits, you won't support it at all. It's useless for you to blow through the sky, what kind of Internet is this, isn't it for military use? Now fooling us into doing it, maybe it's used to launch missiles.

"Allen, who can't help it, now that all the continents are mobilized, no one wants California to take the lead. You guys can do Silicon Valley where birds don't, so why can't we?"

That's why Greenspan is silent now.

Is the internet useful?

Of course it works, William White is not wrong, you just don't understand.

Since books and audio-visual products can be sold through the Internet, other goods can also be sold. Commodities such as automobiles and real estate will also be able to be sold online one day.

No way?

You say it's useless, you don't understand it at all, it's just two outdated old antiques.

"Yes, the stakes are too great, and the people seem to have this need. However, I really don't know how to evaluate the market value of more than 7 billion US dollars. ”

William White didn't know what the two veterans were talking about, and he wouldn't care if he knew. Now where is this, you will know at the end of the year, and people may skyrocket. At that time, the valuation of 20 billion US dollars is not impossible.

In today's company, a COM is not printed on the business card, and I am embarrassed to say hello when I go out. Not to mention the United States, the whole world is now in this tune.

Foot basin, Xiangjiang, treasure island, rabbit country, what information highway is everywhere.

What the hell is this thing for?

It's really hard to say, but at least one point, it's easy to communicate with people. The efficiency of the work has also increased.

"Warren, ICQ is starting to charge, and it seems to be working well. I've heard that they already have half a million paying subscribers. ”

"I don't understand this. Buffett shook his head directly, as soon as he talked about these high-tech companies, the old guy instinctively rejected them.

"Anyway, his income and expenses are completely unequal. When he goes to 10 million paying users, I will admit that he is valuable. ”

I have to say that this is almost the meaning of the generation gap. The figure of 500,000 is actually very powerful.

Don't forget, the number of registered users has long exceeded 10 million. And its growth rate has never slowed down for a moment.

Buffett actually didn't know that William White didn't care about the so-called number of paying users, and he didn't ask ICQ to develop the number of such users.

The difference between paying and not paying is actually very limited. If you are not a corporate or professional user, there is no need to pay.

"James, there's not much difference in this ICQ, it's just that the mailbox is a little bigger. ”

"Mark, the group is somewhat limited, and the average person can't use it. It's this VIP logo, I have to say, it's quite a bad taste. ”

"Yes, many of my classmates don't actually need this, but they still become paying users.

James, are we also developing an instant messaging software? If it's bundled with browsers, we don't have a more profit model.

Now a market capitalization, to tell you the truth, I can't sleep at night. ”

"Damn, Mark, don't use those grasses, they won't help you, the bar is too high for this messaging app, unless you're going to do it for free. ”

"Free?" Mark Anderson pouted, of course free is not possible, this is a plan that will be sprayed to death by shareholders.

"Mark, since it's impossible to be free, what are you going to fight with him? Aren't there similar software in the footbasin and Europe, and it was crushed as soon as it appeared. ”

"Alas, I'll just say that the current market value is a torment for me. ”

James Clark secretly scolded, you pretend, when you go to a nightclub to fool around, why don't you say that you are suffering. Alas, the little guy is still a little impetuous, you go and see William White, what are you playing with?

The two lucky ones in the eyes of everyone are now in confusion and entanglement, not to mention other peers in Silicon Valley.

From this day on, US imperialism entered an era of brain-blowing. As Netscape's stock price continues to grow, Silicon Valley and the world have fallen into a kind of collective self-congratulatory.

Wall Street's investment banks are not only throwing money in Silicon Valley, but also around the world. As long as you have a little bit of contact with COM now, you will attract angel investment.

Xiangjiang, treasure island, foot basin, rabbit country. This storm, set off by US imperialism, is sweeping the world at an unbelievable speed.

Are bubbles really bad?

Not necessarily!

If you look at the Fortune 500 companies that followed, how many companies were born in this era. If you add another piece of the stock index of these companies, ha, you will be surprised to find that, hey, the money that evaporated from the Internet bubble seems to be coming back.

The dot-com bubble burst, losing roughly five trillion in market value. So, the question is, what is the total market value of those high-tech companies that followed?

This means that you buy a Nasdaq constituent stock at the height of the dot-com bubble. As long as you hold it for a long enough time, you may not lose money. Well, it's not a question of how much you lose, it's a question of how much money you make.

To tell the truth, if it weren't for this wave of the Internet, the economy of US imperialism would have collapsed long ago. In addition to these Internet companies, if you have one, after the new millennium, will there be any decent enterprises in the United States?

Do you know what's the cutest thing about?

When the bubble bursts, it is not only the money of the US imperialists that is burned. In fact, the desert tyrants, the footbasins, Germany, a large group of tyrants suffered heavy losses.

As for the US imperialists, they have lost only paper wealth. Yahoo, Cisco, Microsoft, and other companies, it didn't take long for the stock price to come back.

Ahem, the one who was cheated doesn't seem to be the US imperialists.

Use international travel funds to develop their own Internet companies, and after using them, dig a pit and bury them, and wait for the truth that these enterprises have recovered, but those local tyrants dare not invest again.

Nima, you are so shameless.