Section 45 Investing in the Friendster Social Network

Chen Dong packed all the gold and silver coins and metals detected by the metal detector into the gold bead space. Pen ~ fun ~ pavilion www.biquge.info

It took a week to explore a large area of the seabed, probed it again, and re-sorted it again, and after confirming that there were no omissions, Chen Dong floated to the surface.

The speedboat left the sea and returned to the United States.

A few days later, I returned to the coin farm.

Took stock of the harvest.

Some daily necessities made of metal, tableware are not counted and are worthless.

Mainly gold and silver coins, the amount is very large.

News reports at the time said that the goods on board the "Republic" exceeded $400,000.

To use an analogy, if $400,000 is all gold and $1 coins, then it's 400,000.

The $400,000 property includes silver 3 cents, 5 cents, 10 cents, 25 cents, 50 cents, as well as gold 1 dollar coins, quarter eagle gold coins, half eagle gold coins, eagle gold coins, double eagle gold coins, the number must be far more than 400,000, after Chen Dong's count, this number is 1.5716 million, silver coins are the majority, and there are many gold coins.

Chen Dong actually found some rare coins in these gold and silver coins, 5 gold coins from 1787 and 7 silver dollars from 1804.

The value of these gold and silver coins is high.

The U.S. Federal Mint only began to mint coins in the 90s of the 18th century, and when the federal government did not have a mint, the United States did not have a monetary standard, so all states opened mints, but most of them minted small copper coins. Only President George Washington's neighbor, Ifrem Brascher, minted gold coins in New York at the end of the 18th century.

The gold Brache coin is called doubloon because it weighs about the same as the Spanish doubloon coins popular in the American colonies.

The Brasher Gold Coin contains 26.66 grams of gold and weighs nearly an ounce. The coin was worth about $15 when it was minted, but at today's gold price, it is worth more than $1,500.

In 1897, a gold brasher coin appeared in the sewers of Philadelphia, which was later owned by the American newspaper tycoon Hirst.

In a previous life, in December 2011, a rare 1787 gold brasher coin was sold for a whopping $7.4 million.

Only 15 of the 1804 silver dollar, known as the "King of American Coins," survived, and in 1999 an 1804 silver dollar changed hands for a whopping $4.1 million.

Chen Dong has 5 gold coins from 1787 and 7 silver dollars from 1804 in his hands for these rare coins.

Compared to China's antique coin collections, the U.S. coin collection has a much broader market, with about 1 million coin collectors in the U.S., and large coin auctions are held once a month, while smaller ones are held every weekend.

According to his understanding of ancient gold and silver coins in his previous life, Chen Dong checked some information on the Internet, and spent half a month calculating the value of this batch of gold and silver coins, 140 million US dollars, a very large wealth.

Chen Dong did not intend to collect these gold and silver coins, and the collection is of little significance, so if you want to collect them, you can collect some fine products, for example, collect a gold coin of Brasher and a silver dollar from 1804,......。

Chen Dong was ready to sell all the gold coins.

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Chen Dong made an investment.

Chen Dong wholly acquired Friendster for $5 million, a price that is many times higher than that of a newly established innovative social networking company, and Friendster only spent $26.4 million in 2009 when Malaysia's Molglobal acquired it.

A lot of people have certainly not heard of friendster.

Friendster is dedicated to helping people stay in touch with their friends and discover new people and things that are important to them.

is a social network.

Founded in 2002, four years before Twitter was born and two years before Facebook, it is the originator of SNS.

In his previous life, Chen Dong knew that Friendster was doing well, and after its launch, it quietly became popular, and has been called the world's first social networking site by the SNS industry.

In 2002, with the help of friendster, online social networking was a smash hit.

By 2004, Friendster had outgrown the size of the software, reaching 3 million in the first few months of its launch in 2002, doubling to 8 million a year later, and peaking at 200,000 new users per week and 20 people per minute,......。

As a result, the website becomes very slow and slow, waiting for competitors to take advantage of it, such as Facebook, Twitter, .......

......

Friendster died in 2015, and its demise had a lot to do with the success of Facebook and Twitter.

A hundred searches for friendster will surely reveal a whole bunch of entries, such as, history of social networking site failures: how did friendster and myspace die? How did friendster, the originator of social networking sites, fail?

Dissecting the Death of Friendster, a social network that has passed away.

Friendster: How social networks died.

.....

Chen Dong bought Friendster when it was first established, and Friendster in this life will definitely not make the mistakes made by Friendster in the previous life, and will not give Facebook, Twitter and other competitors the opportunity to take the opportunity to replace it, and smoothly develop to 2010 years, it must be stronger than Facebook and Twitter, the world's largest social network.

Chen Dong still asked Jonathan Abrams to be the CEO of Friendster, in his previous life, he did a good job, if he ignored his death, the website would run very slowly, very slowly, netizens would definitely vote with their feet.

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