Chapter 143: Frenzy (3/4)
Facebook has grown under Mr. Ye's supervision, and in order to develop the program, he didn't mind spending a lot of money in the early days, hiring the best programmers, renting a comfortable and spacious office, and purchasing the best computers on the market for his employees to use.
Knowing that it would be successful, I bought a good server from Oracle and developed a supporting customer management tool, and even spent more than $4 million to advertise the product in the campus forums of various universities and high schools.
Pay is rewarded, and Xiao Zha when he first started a difficult environment, Ye Dongqing himself can provide a relatively good flow of capital support, so this program has shown a trend of explosive growth of users in the near future, the total number of users on March 7, officially exceeded 8 million people, can retain more than 77% of registered users, and recently it is still expanding wildly with a number of about 400,000 people per day, sweeping countless college students, high school students, and even more than 200,000 registrations in Europe!
It's a terrifying number, given that it's been less than four months since Facebook went live, and if it was only worth $30 million last month, there are already institutions willing to raise money at a $160 million valuation, given the recent stellar performance.
It's not the first institution to try to raise money recently, but this time it's a very strong institution, called Waterfall Investments, and the founder is Mr. Bill Gates, the founder of Microsoft.
Ye Dongqing is very skeptical that Gates himself knows about this investment, but being valued by these institutions is enough to prove its strength, and users are passing it on one by one, and the expansion speed is very rapid.
The company's programmers were busy working day and night to perfect the program, and the second rented server was full again, but the company's brand new server had not yet been completed, so they had to continue to rent.
The reason for its popularity has something to do with the fact that it is more comfortable to use, when Ye Dongqing first registered a Facebook account in 2008, and now the feeling of using it is similar to that time, and it is already a relatively mature product.
The pace of development was far faster than expected, so that the employees in the company were busy all day long, and there was a serious shortage of manpower, so Ye Dongqing personally went to Silicon Valley to ask human resources agencies to help recruit outstanding employees, and at the same time, he also rented a four-story office in the Santa Clara area.
He wanted to own his own headquarters building, but the financial situation did not allow it, and after taking out a $10 million loan from Amazon stock and squeezing out another $6 million from Freshwater Investment Group, it was time for a new round of expansion.
Let Mr. Alfred and several employees stay in Silicon Valley to help with interviews, quickly arrange for new employees to work, and he returned to Freshwater Investment Group from Silicon Valley, because the matter of shorting crude oil still needs to be handled by Ye Dongqing himself, and he missed this opportunity to make money, and he may have to wait a long time to make quick money next time......
The breakdown of the cooperation with Edward Johnson Jr. came too suddenly, and Ye Dongqing originally felt that he had helped him earn such a large sum of money, and the other party should believe in him more.
But the fat man finally resolutely withdrew his capital, leaving half of the profits to Leo-Y, and siphoned off the remaining funds, totaling more than $100 million, betting on the rise in oil prices with nearly seventy percent of his position, and little Edward was a little less courageous, only using eight times the leverage, but even so, after the time entered March, he also earned more than $100 million in book wealth!
Ye Dongqing seriously misjudged the form, this round of oil price rise is stronger and faster than he expected, in recent days, crude oil futures prices have almost frantically exceeded 36 and 37 US dollars one after another! And it is still rising!
In other words, if Ye Dongqing hadn't chosen to sell at more than $29 at that time, then he would have made almost $200 million more so far!!
The money slipped through his fingers in vain, and he no longer talked about anything safe, feeling more uncomfortable than eating a full pot of flies, and he didn't want to look at the crude oil futures price anymore, lest he want to hit the wall with his head.
Of course, more than half of this profit belongs to Little Edward, but Ye Dongqing does not have a wealthy mother like him, so he is more uncomfortable......
Some time ago, the "Wall Street Times" just praised Ye Dongqing, and today this newspaper published follow-up news, as if treating Ye Dongqing as a joke, missing hundreds of millions of dollars in profits in vain, if this is not a decision-making error, then what is?
It was too late to regret it, but fortunately there was still a chance to remedy, he thought that the higher he rose, the harder he fell, and since the morning, he has met with several investment banks and brokerages one after another, trying to use the margin of five percent of the total amount of the order to be bearish on crude oil.
Some people are willing to take orders, but the margin requirements are relatively high, so he must prove that he has the ability to repay, and the chips in his hand are insufficient, so Ye Dongqing took Facebook's shares as a mortgage guarantee, and negotiated some one after another.
The price of crude oil futures fluctuated around $36 and 40 cents, and today it peaked at $39 and 99 cents, which is even crazier than a wild horse, and various oil product companies have announced an increase in oil prices, and then fell back to $38 and 71 cents per cent.
In this case, Ye Dongqing paid a total of $40 million in deposits, $20 million in follow-up deposits, and almost 15 percent of Facebook stocks, and tremblingly held crude oil futures contracts worth more than $790 million.
Ms. Vigo and a group of executives clearly understand what it means to have a racing heartbeat, after all, the recent rise in crude oil is really good, and the military has already been moving, and there is a kind of posture that has to be sent on the string, and the fleet has moved towards its destination.
Ye Dongqing is now bearish on crude oil, which is tantamount to dancing on the blade, in fact, even he doesn't know what will happen, but after a round of crazy rises, the possibility of being forced to close the position is not very large, and the oil price is about to peak, at least in his opinion......
Today is March 17th, there are a few more contracts in the company's safe, the night view of the city outside the office is bright, and the real-time oil price is displayed on the office wall.
Laura came to his office at this moment, holding a bento box full of cut fruit, walked in and said, "You haven't changed your clothes, I know you're still in the company, and the other employees are gone, why are you still here?"
Fruit or steak rice bought from a convenience store, you can eat anything, and then go to a party, and then you can't go hungry, after all, you eat so much at every meal......"