Before the subprime mortgage crisis in the United States, the leverage of U.S. stocks was very high, and the cost of securities lending was very low, so there were many cases of shorting, and often a simple piece of negative news could cause the stock price to plummet.

Coupled with the horrific impact of the subprime mortgage crisis, the federal government has issued draconian decrees with severe penalties for illegal short selling. Therefore, after 2008, most of the short-selling, except for individual institutions, has a ratio of 1:1, and there is no leverage.

But in the year 2000, no worries!

In today's futures market, as long as the customer has good credit, 10 times leverage is easy, and even 100 times leverage is not a problem!

But then, here's the problem.

Don had simply learned the relevant knowledge, but he didn't expect that things would be far more complicated than he imagined.

U.S. law requires that shares held in excess of 5% of the total share capital must be reported to the company and the stock exchange.

Yahoo's total share capital is less than 250 million, which means that Don cannot hold more than 12.5 million shares, which is what Scott said can only borrow about 10 million shares.

Even if each share can bring Don $200 in income, the total is $2 billion.

U.S. tax law stipulates that capital gains from holding shares for more than one year are said to be 15%, and capital gains for holding shares for less than one year are said to be 20%.

Add to that the high interest rate of futures, at least 5%.

How much money can I make from this?

Universal Pictures has been losing money year after year since the 90s, but in the end, the six major movie giants can't afford to eat without four or five billion dollars.

Fortunately, Donne's principal is now sufficient.

$1 billion, 10x leverage is equivalent to $10 billion in purchasing power, 100x leverage...... That's $100 billion!

If the Yahoo family can't eat it, then come to a few more companies!

In March, after the performance statements of Internet companies in the first quarter came out, the staggering losses would shake the confidence of investors, and then there would be a wave of extremely bearish expectations.

Don can make a decisive move at the end of February, Microsoft, Apple, Amazon, Cisco, Oracle, none of them can run!

And, of course, AOL, the 10th largest internet company in the world by market capitalization, has recently been fooling Time Warner to complete a merger.

Don hates getting involved in Hollywood the most, even if Time Warner is his potential rival, and he doesn't want Time Warner to be deceived for the collective good of Hollywood.

AOL is the biggest joke of the new century, and Donn doesn't mind stomping on it in the back and teaching it a lesson!

……

For the current Donn, making money is no longer important, and just 10% of Google's shares are enough for him to eat, drink and be merry for a lifetime.

The reason why he is still running for money is mainly to promote his film career.

Movies are his ideals, and they live up to the sunglasses system rewarded by God.

Donn returned to California, mainly to ILM, reviewing the production of special effects shots for Spider-Man, which were then turned into film and shipped to the UK.

"The Soul Shifter" has completed post-production, and at Down Pictures, Don meets the high-spirited young director Sam Mendes.

"Sam, congratulations! I have to say, "American Beauty" is so good!" Don said with a sincere compliment.

Sam Mendes received a traditional British education, behaved very gentlemanly, and said modestly: "Don, you are too polite, compared to you, my achievements are too small." ”

Donn shook his head, "You're too modest, I haven't won an Oscar." ”

Sam Mendes laughed, "I haven't taken it either." ”

"American Beauty is your Oscar!" Donn glanced at him deeply, then smiled, "Anyway, my vote is for you for Best Director and Best Picture." ”

"Thank you!

Sam Mendes is a newcomer who is not yet a judge at the Oscars, and he is grateful to Donn for his support and for giving him the opportunity to shoot "Soul Shifter".

In terms of value and art, "Soul Girl" is no worse than "American Beauty"!

"By the way, I have a friend, Christopher Nolan, who is also a British director, a few years younger than you, who is filming "Memory Fragments", have you seen it?"

Don has been in the industry for a short time, has a shortage of contacts, and after gaining the favor of the "Australian Gang", he wants to integrate with the British circle.

Hollywood Americans, the situation of seniority is very serious, and they all have a fixed circle of interests, which is difficult to break.

Relatively speaking, foreigners are better to woo, especially newcomers.

Kate Winslet, Jude Law, Sam Mendes, Christopher Nolan, David Heyman...... Coupled with the future "Harry Potter", Donne's interaction with the British will not be too small.

Seeing off Sam Mendes, Donn called his new secretary, Ira Fischer, a 24-year-old Australian beauty with convex and backward hair.

"When did you come?"

Don looked at her body with unabashed eyes, a narrow lady's shirt, a tight hip-wrapping skirt, charming flesh-colored stockings, and ten-centimeter high heels, which set off the whole person slim.

Ella Fischer pursed her lips and smiled, turned around generously, and gave Don an all-round appreciation, "I came here half a month ago. ”

"Familiar with the work?"

"It's alright, in the company...... It's quite leisurely, not as busy as expected. Ella Fischer pulled the shredded hair from her ears, blinked her eyes, and unbuttoned her two shirts, revealing her red underwear and plump breasts, "Boss, do you need me to lock the office door?"

Tang En smiled and waved his hand, "Don't be in a hurry for this first, let's talk about work, what are the important things in the company recently?"

"Oh. Ella Fischer seemed to be a little disappointed, and she didn't need to look at her notes, she just opened her mouth, "The box office of "Wedding Guest", Fox has turned around. The North American box office was 210 million, the overseas box office was 80 million US dollars, and Fox received a total of 144 million US dollars. Excluding issuance costs, $20 million in advance advances, and some necessary expenses, we received a total of $64 million. ”

"Oh, quite a bit!" Don said.

Ella Fischer nodded, "The video rental dividends for "My Grand Greek Wedding" and "Following" have also arrived, totaling $8.2 million. The company now has nearly $110 million on its books. ”

"Not bad. ”

Tang En was a little surprised, it seems that he doesn't need funds from the stock market to repay his debts. Of course, if you want Tangen Pictures to develop in an all-round way, you must need more capital injection.

Russell said that he loved the book "A Beautiful Mind" and that he was looking forward to playing the role of Mr. Nash. ”

"Hmm. ”

"Time Warner is urging again, asking when exactly we will start the Harry Potter project. ”

"Don't bother. ”

"Marvel Entertainment is in contact with a lot of companies because you did Spider-Man, and a lot of companies want to get the image rights for Spider-Man. ”

"Hmph! Inform Marvel that we must not relax in terms of price! When I first made the movie, I didn't want to invest a penny in advertising, why did I see that "Spider-Man" is gaining momentum now, and I want to take advantage of the opportunity?"

Donn was dissatisfied.

When he filmed "Spider-Man", many businesses were not optimistic, and the sponsorship fee was pitiful. Now Towne Pictures paid $4.5 million for a 45-second ad at the Super Bowl on January 30 for an average of $100,000 per second!

No way, now Internet companies are too rich, they all want to advertise at the Super Bowl, and the competition is fierce.

Down Pictures was able to stand out in terms of price, which naturally caused heated discussions, and the expectations for "Spider-Man" were even more than usual.

"Okay, I'll inform Marvel. Finally, the Gold Club has been investigated by the FBI and officially designated as a criminal venue, and those responsible have been prosecuted. ”

"Oh, that's a good thing!" Donn's eyes lit up, "Bruce Willis must have been low-key lately, right?"

Ella Fischer shook her head, "On the contrary, Disney has been supporting Bruce Willis. The success of "The Sixth Sense" made director Nate Shyamalan popular, and Bruce Willis also took advantage of the situation, it is said that ...... Disney has launched another thriller called "Immortal", which is a collaboration between these two people. ”

"Disney?"

Don's face sank.

"And, Disney ......" Ella Fischer paused in her voice and glanced at Donn carefully, "Disney also asks you to clarify Bruce Willis's false statements, otherwise it will ......"

"Otherwise what?"

"Otherwise they don't mind teaching you a lesson. ”

"Hahahaha!"

Don laughed loudly, a little arrogant.

(The last chapter before the shelves, I hope you will support a lot, thank you.) ）