Chapter 866 The Bubble Collapse Is the only Way to Go
On May 12, Sohu officially landed on Nasdaq, with an issue price of US$16.
This price is similar to that of NetEase, which shows that Comrade Chaoyang has ambitions and confidence in his own company that is no less than that of Ding Lei.
At the same moment, the Nasdaq index broke through the 5,000-point mark in one fell swoop, just one step away from the collapse point in Wu Tao's memory.
Sohu's stock price broke through 20 US dollars in one fell swoop, but soon fell back to around 18 US dollars.
As of the local closing time in New York, it was still fluctuating around this price.
Wu Tao looked at the fax document sent by Wu Yingying and determined that although the situation was not in line with his estimate, it was not far from it.
In addition, the trading volume of Sohu's stock on the first day was obviously not as active as NetEase's at the beginning, and the situation can be said to be very clear.
This also shows that the financial elites and bankers on Wall Street in the United States are not all fools.
Such obvious overheating was obviously something they had expected.
However, even though Sohu's performance on Nasdaq was not ideal, Comrade Chaoyang and his team, as the founders and senior management of Sohu, still made a lot of money and completed their personal transformation.
Therefore, domestic media still maintain an optimistic attitude towards this.
Continuously publish articles and promote them with special headlines such as "Internet industry equals black gold industry" and "Internet creates billionaires in the new century".
Wu Tao couldn't stand it any longer, so he published an analysis article on his blog entitled "When the tide recedes, you will know who is swimming naked." He pointedly pointed out that there are bubbles in the global Internet and even China's Internet industry. The day of collapse is in the not too distant future.
However, good advice is offensive and no one likes to hear it.
When articles like this were posted on the Internet, they didn't create much of a splash. They were quickly submerged in the flourishing music of singing and dancing.
But it doesn't matter, he had no intention of using this article for anything, not to mention that this article was just excerpted from a short paper he took as part of his economics and management course.
Near the end of May, Ding Lei still came. It had been half a month since Sohu was listed on Nasdaq.
It's just a coincidence that Wu Tao is receiving Reina Fujiwara that day and has no time to talk to him.
Fujiwara Rena, whom I haven't seen for more than half a year, is now even more charming and attractive.
As the president of the Mitsui Foundation, under his stern expression, his whole person became much colder.
It wasn't until she entered Wu Tao's courtyard that Rina Fujiwara suddenly lost her outer shell and became relaxed.
After nearly a year of renovations, this courtyard house in Houhai finally has its appearance.
Although it has not recreated the original splendor of a certain prince's residence, it at least looks brand new, antique, quiet and elegant, but without the convenience and enjoyment of high-end residences.
The weather is already a bit hot at the end of May.
Wu Tao invited Fujiwara Rena to sit down in the pavilion in the courtyard. The four pillars around the pavilion were all lit with soft incense. The smell was refreshing but not pungent, and it could drive away mosquitoes.
Fujiwara Reina glanced around, then sat down elegantly on the solid wood stool, her eyes looking at Wu Tao's face, full of burning passion.
"Wu Sang, why do you always feel that you are so different from before?" When saying this, Fujiwara Rena's beautiful eyes were wandering. It is said that she is now the helmsman of the four major Japanese consortiums, but when she sees Wu Tao again, she always I feel a bit inferior.
Wu Tao smiled with appreciation, took the tea brought by Xiao Zhang, the servant in the courtyard, and said casually: "Maybe the environment of this courtyard has affected your perception. Try this tea."
Fujiwara Rena took another look, but felt that she still couldn't grasp the difference, so she simply gave up. She picked up the tea cup, opened the lid lightly, and suddenly felt a refreshing fragrance.
“Good tea!”
Wu Tao smiled, this was the top quality Longjing that he had collected from Liang Yancheng, so it was certainly not bad.
The two smiled tacitly, and then drank from the tea cups, making Alyssa next to them unable to help but want a drink.
Fortunately, the next moment, the two stopped talking about tea and started to get down to business.
"Wu Sang, to be honest, I paid attention to your blog article this time, so I made a special trip to visit you."
Wu Tao raised his eyebrows. Not many people in China paid attention to the article he wrote, but it gave this Japanese woman an idea.
Fujiwara Rena's voice continued, "There were rumors before that the Internet industrial revolution will be the fourth technological revolution, so the Mitsui Consortium has also made a lot of arrangements and investments in this industry. If Wu Sang thinks that the industry is overheated now, will he? Does this mean that all venture capital investment in the Internet industry should be stopped and losses should be stopped in a timely manner?”
Wu Tao smiled and waved his hand: "The overheating of the global Internet industry does not mean that this industry is about to die. In fact, truly valuable Internet companies are still emerging, but they are invisible to everyone and are not easy to be discovered."
"...What's more, the Internet industry will still be a pillar industry in the future. The collapse of the Internet bubble this time is just the only way for the Internet industry to transform from barbaric growth to healthy development."
"...In Chinese terms, this is a process of scouring the sand and removing the bad while retaining the good. Although it is cruel, it is wonderful."
Hearing this, Fujiwara Rena's beautiful eyes lit up, and then she nodded and said, "Rena has learned a lesson, Wu Sang!"
Wu Tao waved his hand and said nonchalantly: "If you can listen to this, then it is valuable. Otherwise, it is meaningless. What's more, I haven't thanked you for the acquisition of Ericsson's mobile phone division. Otherwise, I haven't thanked you yet. Let’s settle things, okay?”
"Hai!" Fujiwara Reina took off her coat, revealing the bursting vest underneath and said: "But this time China implemented it, Alyssa and I just facilitated two foundry projects to settle in Wusu City. Secretary An said We’re rated very high.”
After saying that, Fujiwara Reina looked at Wu Tao with burning eyes. The meaning is self-evident. How are you going to thank me?
Wu Tao looked awkward, then smiled to cover it up: "I'll treat you to a Manchu-Han banquet here tonight, how about it?"
Without waiting for Fujiwara Reina to express her position, Alyssa said impatiently: "If possible, we would like to stay here for one night today."
Wu Tao glanced at Alyssa, then returned to Fujiwara Rena's pretty face and said, "No problem, if you still feel that you are still unsatisfied, I will give you another free suggestion."
"Oh?" Fujiwara Reina's upper body leaned forward slightly, and a large area of her fair skin was exposed under the collar of the suspender belt.
Wu Tao said confidently: "If my prediction is correct, Japan's Walkman, CD player and other businesses should be declining now, right? I suggest you transform as soon as possible, or cooperate with the Lotus MP3 product department to jointly create new products that adapt to the new situation." The Walkman product of the era!”
"Nani?" Fujiwara Reina was stunned. "Wu Sang, you mean that the decline in the Walkman business of Sony and Panasonic was affected by the new MP3 products? But how can the sound quality of MP3 be comparable to that of the Walkman? It’s incredible!”
Wu Tao didn't say much and stopped at the point: "So, this is just a suggestion."
The implication is, if you don’t believe it, just don’t regret it in the future.