Su Mu had a little trouble.

The trouble began with a photo of him with Mr. Ebers, the chief executive of the World Communications Corporation, but because there was not much business between the two companies, except for some small newspapers that poured sewage on him with ulterior motives, and the reports of the big newspapers were more impartial and objective, not many people felt that he had anything to do with Mr. Ebers, who was said to have absconded to Europe.

After the revelation of the fact that the world communications company had falsely reported revenue figures of up to $10 billion, it was tantamount to dropping a bombshell on the NASDAQ market, blowing up countless shareholders and investment institutions, and the market value shrank by 60 percent in just one day, and it was still declining the next day.

Mr. Ebers used his position to get the company to lend him more than $630 million at the beginning of this year, which attracted the attention of the Securities and Exchange Commission, and now he has flown away with this huge amount of money, and no one knows where he is, not even his wife and children.

This matter is not the most critical, the most critical thing is that people began to look at these Internet companies, as the secret was revealed, soon there were media reports that a large number of Internet companies were in a shortage of cash flow, forcing the companies to issue statements and announcements, but I didn't expect the situation to be worse than people imagined!

The NASDAQ has already become a powder keg, and this incident has become the small spark that detonated the fuse, causing the market value of more than 70 small and medium-sized listed companies to fall by more than 30 percent in just one day! More than 200 companies have fallen by more than 20 percent!

The leading stocks with better performance could not bear the pressure to decline, with OO falling as much as 5.7 percent, Bee's stock price falling by 7.1 percent, and the Nasdaq index falling rapidly to 4,190 points on 23 April, a drop of more than 300 points! This degree has gone beyond the scope of normal fluctuations, panic is spreading, and investors have begun to rationally think about a question: "Will the companies they invest in really make so much money in the future?"

Unfortunately, the answer was not what they expected, and the pessimism came directly to the stock market......

April 23 is Monday, Su Mu and Lily and others have returned from Lanai, Hawaii, Lily has no idea of changing her name and her husband's surname "Sue", she is still the same name, the prenuptial agreement has long been signed, and his wealth of about 10 billion dollars has earned a charitable trust, and Lily is the head of this charitable trust.

The NASDAQ market suddenly "exploded", but it made Su Mu's heart that had been hanging back in his stomach more than a year ago, a bubble is a bubble, and sooner or later it will burst, he has reduced his holdings and cashed out about the same, and the high market value is very unfavorable to the long-term development of the future. Originally, Silicon Valley fell into an atmosphere of blind pursuit of wealth, and this reshuffle can clean out some inferior companies, far from the point where he needs to buy the bottom, and he is determined to always hope that the market will stabilize.

I have tried to make more than two billion dollars a day, and now I have experienced the taste of losing more than two billion dollars a day, Su Mu is helpless, but since he does not plan to reduce his holdings in the short term, it seems that there is no need to be annoyed by the decline in stock prices, and they have communicated with Gates for a short time, and they don't feel that there is anything, and the impact must be there, but for the giants of these companies who are not short of cash flow, there is not much pressure to survive the cold winter, after all, it is not the company that has the problem, but the entire market environment.

Since there is no way to tell the good news to the stockholders through them, it is better not to say that as the end of April approaches, the Nasdaq index has fallen again and again, the 3,800-point mark has been broken, and it is approaching 3,700 points, and the people who came to him suddenly became more and more, and the panic spread further, and even investors began to appear in front of the "Big Foot" to demonstrate.

In fact, the decline of Su Mu's companies is already small, with hundreds of millions of users behind them, and many investors who have been trapped still have expectations, and the part of the shareholders who invested in his company very early is still making money by cutting meat and cashing out.

On April 30th, Su Mu felt that it was not a problem to hide all the time, and it was necessary for him to stand up and say something, so at this moment he turned on the computer, logged in to his Bee account, and prepared to send a public message to all users.

He writes:

"In October 1994, I mentioned the signs of the Internet bubble, and many people didn't listen to it at the time, and in February and September last year, I also mentioned it in interviews, saying that the stock prices of many small and medium-sized Internet companies are obviously inflated, and there is a lot of uncertainty, and still no one listens to my advice.

Now, the dot-com bubble crisis has really exploded, and the Nasdaq has fallen 774 points from its highs so far, causing a large number of small and medium-sized Internet companies to go bankrupt, and my company's stock price is also declining. Someone asked me when it will be over, I am pessimistic that there is still a lot of bubble in the NASDAQ market, after all, some companies can't make money now, and there is little hope of making money in the future, their market value will continue to fall until it returns to stability, I think we should refer to the NASDAQ index in March 1994, I don't believe you, the NASDAQ index was around 2,300 points at that time.

As the founder of the company, I have to be accountable to the shareholders who invest in my company, unlike other Internet companies. The companies that you have invested in have a great market prospect, and as the number of users increases, the returns are also increasing, not so much a bubble, I think this is the part of the shareholders who are investing in the future, and keeping the stock now, will definitely be glad that they are smart decisions today in five to ten years, because they will continue to bring you lasting benefits.

My company has a lot of cash flow, and when necessary, I will come up with about $80 to 10 billion dollars in cash to buy back shares or raise funds, starting with a list of companies that I don't think are too big of a bubble, but this time just a list of companies that have been hurt by mistake:

1. Microsoft

2. Intel

3. Oracle

4. OO Browser

......”

One after another, Su Mu drew up a list of more than 50 companies with strong anti-risk ability, and many of his company lists are on it, and finally added: "The stock market crash is not only a stock market crash, but also a major opportunity for some people, this is what Mr. Buffett told me, I think it is very suitable for the recent situation, here I will give it to you." ”

Press Send.

The number of readers continued to rise, and the number of reprints also increased, and Su Mu's pessimism was noticed by many people, which was destined to set off a storm......