['The richest cartoonist in history', 'The creator of 'Peanuts', and 'The Father of Snoopy' Charles Schultz died of colon cancer on February 12, 2000, at the age of 77!] 】

[The 10th session of the United Nations Conference on Trade and Development opened on 12 February 2000 at the National Convention Center in Bangkok, Thailand, with the theme of "Globalization and Development Strategies for the New Century"]

[On February 17, 2000, Microsoft held its first press conference after announcing its "willingness to reach a settlement agreement with the Ministry of Justice on the antitrust case of operating systems" and announced a new generation of Windows system products, Windows 2000.

[Viacom and CBS merger complete!] 】

[Following AOL's acquisition of Time Warner, Comcast also announced that it will discuss the acquisition or merger with the largest cable TV operator AT and T Broadband in the United States, if this acquisition or merger is reached, then Comcast will become the largest pay TV company in the United States, the largest cable TV company and the largest home Internet service provider, the third largest home telephone service provider in the United States, and the second largest broadcast and cable TV company in the world! 】

[The world's most popular home game console, PlayStation, will officially release its second generation in Tokyo on March 4th!] The sales volume reached a record 980,000 on the same day! But there is no matching game, which has become the most regrettable thing for players. 】

[On the 10th, the Game Developers Conference in San Jose, California was successfully held, and Microsoft co-founder and chairman Bill Gates announced at the meeting that Microsoft will enter the home console market and announced the console that has been secretly developed for a long time - Xbox]

[The Nasdaq Composite Index climbed to 5048.62!] Double the maximum amount in '99! The biggest bull market in history is coming! 】

[On March 13, the Nasdaq Composite Index fell four percentage points to 4879! 】

[On March 15, the Nasdaq Composite Index fell below 4600 to 4580! In 6 days, the index fell by more than 500 points! 】

[The stock price of Internet companies has been cut in half! The worst bear market in history has struck! 】

During the period when Roland and Kate were preparing for their wedding, America on the other side of the ocean was like a front-line war zone, with frequent thunderstorms, first a series of acquisitions driven by economic globalization, which made Time Warner, Viacom, Comcast and other telecom giants invest more than $500 billion.

Then Sony handed over a perfect answer, PlayStation2 on the day of its release, sales in Japan soared to $250 million, and in the month of release, the total sales exceeded 1 billion, so that the outside world saw the 100 billion market for video games, and Microsoft, which announced its entry into the home console industry, added fuel to the fire.

If that's all there is to it, then forget it.

Because of this positive news, the Nasdaq Composite Index climbed to a new all-time high.

But the problem is that when people are full of illusions about the bull market, they spend the two days off on March 11 and 12, and as soon as the new week comes, people are forcibly slapped by the bear.

At the beginning, it was the stock prices of major companies that began to fall slightly, and market analysts at the time said that this was a self-correction of the stock market, and the bulls would continue, but when people believed the words of experts and wanted to buy a small bottom and pick up a leak......

The stock market plunged for two consecutive days, which made everyone confused!

If a drop of four percent in one day is a slight adjustment, then what is a decline of more than four percent in three consecutive days?

Don't be afraid, it's a technical adjustment?

Hold the grass! Isn't this the arrival of the Ding Crab?

If you don't run quickly, you're looking for death!

At this time, the stupid people also understood that the big bull who had been walking for a few years was about to fall.

Not only that, but they also discovered that the Internet, which was once popular, was no longer popular in an instant.

In fact, Roland had known about the Internet bubble in his previous life.

According to experts' explanations, this is a serious overvaluation of a certain industry by capital in the pursuit of extreme profits, so as to enter the market frantically, but in a short period of time, the emerging industry cannot find a way to make profits that match the amount of investment, so countless bubbles are piled up.

Due to the short-sighted nature of capital, such extreme events can never be avoided.

Because there is no way in the world to control the crazy pursuit of profit in capital.

Because of this, Roland never thought that his blind tossing behavior could affect such a big event that would inevitably happen.

Not only that, but he is also curious about how the wolf king and Microsoft will face all this when the Internet bubble bursts.

But when this day came, he realized that capital is always capital......

Because the Internet bubble is not caused by the coincidence that the major Internet companies have burned out of money, as some experts say, but by various capitals.

On March 10, after the Nasdaq Composite Index exceeded 5,000 points, on March 13, the stocks of a bunch of high-tech companies such as Microsoft, Cisco, Dell, and Qualcomm were frantically sold by institutions.

If these capitalists' smashing behavior is destroying everyone's interests, Chiguoguo's robbery can't hide from the public's eyes at all, and the people can smell the abnormal smell after taking over on the first day, because other media will more or less disclose their behavior, then ......

What if the bosses of these media outlets are also selling stocks?

Philip Anschutz, the owner of the Staples Center, controls a company called Quest International Communications, which provides telecommunications services to 14 states in the Midwest of America, and when the dot-com bubble burst, he frantically sold his telecommunications stocks and swept away 1.9 billion in cash.

Carl Icahn's teammate, Michael Milken's subordinate Gary Winnick, controls the world's first private underwater fiber optic cable across the Atlantic, providing information services to Microsoft, SoftBank and other media companies.

And when the Internet bubble burst, he swept away nearly 750 million in cash.

Mavericks owner Mark Cuban, perfectly circumvented the dot-com bubble.

He sold all the stocks that could be sold, and the stocks that controlled the company's voting rights were hedged by him to offset the losses caused by the catastrophe.

Not only that, but even those financial institutions have also made corresponding countermeasures, while selling stocks, the guys led by Merrill Lynch and Citibank are quietly tightening their own loan business, and when those companies go bankrupt directly because of the double pressure of stock prices and funds, these capitals walking in the dark night use trumpets to collect them.

It's hard to explain exactly how the dot-com bubble was born.

But there is one thing that has actually been placed on the table that the public cannot see.

That is, the retail investor died violently, and the dealer was killed.

Many people may find it strange that the stock prices of those large companies have plummeted, and the capital behind them has been shrinking, so why can they, as bookmakers, still be regarded as victories, and can they still be called killing?

It's actually a very simple question.

Because the stock price has plummeted, for them, there is no loss.

The par value of the stock has fallen, but the number of shares is still there, and the market value of the company has fallen, but the market owned by it is still there.

Before the stock market crash, I controlled 70 percent of the market share of the single market, but after the stock market crash, will the market share of the single market I control fall from 70 to 65?

Apple fell 8 percent on the day, losing $179.92 billion in market value, the largest one-day loss on record for America's listed companies, but ...... How can this be?

For capitalists, it doesn't matter if their net worth shrinks.

As long as you put the stock into cash while grasping the tools of production, it is a net profit.

And what about retail investors?

As tools of production, they have nothing but cash.

For them, losing money is called losing the world.

Therefore, when Roland learned that Carl Icahn and those guys only held a total of five percent of the stocks, six percent of which had been sold in the past year, and the remaining five percent had entered the market one after another after the board seats were confirmed, he really wanted to admire the wolf king.

Compared with this kind of operation that uses technical means to avoid risks, it is really not enough to see it in a prescient sense.

"Winner takes all, winner takes all!"

…………

It is precisely because of this kind of major event that the stock index has fallen in diarrhea, so Roland promised Warner before Christmas last year that he would come back after the holiday to talk about cooperation, but he was left behind by Warner.

As a combination of the telecommunications, the Internet, and the entertainment industry, their current life is very difficult.

This kind of unhappiness refers not to the fact that the shareholders have lost money and the management cannot explain, but that the two bosses of Time Warner and AOL are about to fight in order to compete for the right to operate!

In the previously negotiated merger, the new company will have 55% of the original AOL and 45% of the original Time Warner Holdings, and the CEO of the new company will be Gerald Levine, the former CEO of Time Warner, and the chairman of the new company will be Steve Case, the former chairman of AOL.

Not only that, but they have also mapped out a future development path based on the Internet, Steve Case said that after the merger, he will promote the integration of the Internet, TV and telephone, so that customers can enjoy the three services of calling, entertainment and Internet surfing with one account......

Three months ago, the resolution was unanimously approved by the boards of directors of both companies.

Everyone felt that there was nothing wrong with it.

Because AOL was worth more than Time Warner at that time, and the Internet at that time was a fire.

If it is pushed back ten years, this development path will be the benchmark of the telecommunications industry!

If you can't move, you can't get through, and you can't trust these three, which one dares not to follow the guiding ideology?

But now, three months later, because of the bursting of the Internet bubble, a moth has appeared.

Time Warner, which is waiting for the approval of the Ministry of Commerce, hopes that AOL can renegotiate the development path with them, and they hope that AOL can slow down the pace a little, while AOL said that in the Internet era, speed is money!

This discourse upsets Time Warner, a traditional media outlet, who believes that the Internet is not a new world, but a new market, and that their merger is just selling old things to a new market.

When AOL heard this, they were not happy, they felt that whether it was a new world or a new market, selling things on the Internet must not follow the traditional media set.

So......

The talk fell apart.

Yes, before the merger, they had already collapsed.

In this case, Time Warner's Gerald Levine wants to change the merger plan and have himself as chairman of the new company, while AOL's Steve Case, as the CEO of the new company.

As soon as the signs of this seizure of power appeared, they were strongly opposed by AOL.

The unwillingness to suspend action and dispersal power has annoyed the veteran media empire Times Warner.

In this way, before the Ministry of Commerce made a ruling, the two sides had already rolled up their sleeves and were ready to fight each other.

Of course, although AOL and Time Warner both don't like each other, it is impossible to separate them.

With the dissipation of the Internet bubble, the American knife symbolizing power continues to evaporate, but there are still countless users pouring into the new market, but it is an indisputable fact, in the case of broad prospects, the two sides only dare to quarrel, dare not break up.

Because after leaving AOL, Time Warner could not find a second good merger partner, and after leaving Time Warner, AOL could not find another traditional media with the productivity of Time Warner.

Because of this, did Roland release his own pigeons?

For Warners, it doesn't matter at all.

Roland wants to get married, so let him get married first!

Anyway, they want to get the merger done first!

…………

When a series of major events that can attract the attention of the people appear in a row, the entertainment industry is really no bright spot.

Eat the star's melon?

How can the melon of an entertainment star be as delicious as the melon of the richest man in the world!

Watching movies from major companies?

I'm sorry, the Internet bubble has shattered countless people's dreams of making money, and when many people's lifeblood evaporates with the fall of the stock index, they are not in the mood to watch all kinds of interesting movies.

Again, spiritual entertainment is always based on material foundations.

When your stock account keeps shrinking, not jumping off the building and quietly accepting the pain is already the best entertainment.

But when the annual Academy Awards kicked off on March 26, compared with previous years, ABC's ratings had a slight rebound, and the unexpected and reasonable result made everyone feel a little emotional.

This kind of free entertainment that doesn't pay attention to the process, just cares about the result.

Perhaps it is the best spiritual comfort for people when they are in pain.

Lie down on the sofa with the TV on, your eyes open and waiting for cheers.

Acquisition without thinking is the best way to paralyze the nerves.

Because you don't have to worry about the passage of time, when you open your eyes again, it's a new day.

And after the Oscars are over, Warcraft Film and Television is also running, as a capitalist money-making machine, it is working hard to produce the movies that the capitalist Roland cares about the most-

The Princess Diaries.