Chapter 910: 910
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The Internet bubble, which began in the last ten years of twentieth Century, is both a gluttonous feast for investors and a tragedy that has been brewing for many years.
In 1993, the NCSA organization of the University of Illinois in Illinois, Urbana published mosaic, the first widely used web browser in the history of the Internet.
The alpha version, the first version of mosaic released in January 1993, can only be run on the XWindow system. It did not support operating systems such as Macintosh and windows until September of the same year.
At this time, Mark Anderson, the core figure of mosaic browser development, and Jim Clark, the founder of Silicon Graphics, saw the broad prospects of mosaic browser, so they worked together to establish "mosaic Communication Corporation" in California, USA on April 4, 1994
However, after the establishment of mosaic, because the NCSA organization of the University of Illinois owns the trademark copyright of mosaic, and the University of Illinois has transferred the technology to telescope entertainment, the development team of mosaic must completely rewrite the browser code.
On October 13, 1994, the browser mosaic Netscape 0.9 developed by the company was released. Although it was still a beta version, the browser achieved great success and became the most popular browser at that time. On November 14, 1994, in order to avoid the problem of trademark ownership with NCSA, mosaic company was renamed Netscape communication company, and this browser was also renamed the famous "Netscape browser".
Before the success of Microsoft's IE browser, Netscape was the most popular browser on the Internet at that time. Although this browser and even Netscape company eventually disappeared in the long river of history, no one can deny the great contribution of mosaic browser to the Internet.
In fact, with the emergence of mosaic browser and WorldWideWeb, the Internet began to attract public attention and really entered thousands of households. By 1996, for most listed companies in the United States, a public website had become a necessity.
In the early stage of the formation of the Internet market, people only saw that the Internet had the characteristics of free publishing and instant world information. However, when people gradually began to adapt to the two-way communication on the Internet, the direct commerce with the Internet as the media and the global instant group communication were completely opened.
These new concepts have fascinated many young talents. They believe that this new business model based on the Internet will rise, and expect to be the first to make money with the new model.
This is the fundamental driving force of the initial Internet market!
An emerging market is bound to attract the attention of investors, and the rise of new concepts has led to the sharp rise of the share price of Internet enterprises. Those investors who originally invested in Internet enterprises have obtained great benefits, which has attracted more investors' investment behavior.
Moreover, the immaturity of the Internet market at this time leads to the pursuit of many investors even if an Internet enterprise has only one concept. Therefore, when more and more "concepts" appear, the popularity of the Internet market is naturally difficult to avoid.
Therefore, with the success of a series of Internet enterprises such as Netscape and Yahoo, as well as the rapid expansion of old IT companies such as Microsoft, Oracle and Cisco, the Internet market in the United States began to develop unconventionally since 1995. In just six years, the entire Internet market grew from nothing, and finally formed a huge market with a market value of up to $5 trillion in only six years. The previously unknown NASDAQ index soared from only a few hundred points to the highest 5132.52 points in just a short time!
With the rapid rise of the Internet market, this emerging market that has not experienced any market test has been sought after by many people, followed by the soaring market value of those Internet enterprises, and the owners of those Internet enterprises are bound to have psychological expansion.
For the owners of these Internet enterprises, the pursuit of many investors has made their wealth soar like blowing air. This is no different from Zhafu.
Therefore, the mentality of these Internet enterprise owners who become rich overnight only by virtue of an "idea" or "concept" will inevitably change. The money comes so easily that it can't be spent vigorously?
As a result, many Internet companies began to spend lavishly, such as elaborately customizing business facilities, providing employees with luxury holidays and so on.
Most importantly, most of these Internet companies pay stock options rather than cash to their executives and employees, so when the company's IPO, these executives and employees immediately become millionaires. And a large part of these people will invest their new wealth in more Internet companies.
This has formed a snowball situation, which eventually led to the snowball rolling bigger and bigger. In just six years, it has formed a huge market with a market value of up to $5 trillion.
However, what supports such a large market is not real performance, but one incredible "idea" or "concept". In other words, in such a big market, as long as you can come up with a popular concept, you will immediately become a billionaire!
This is equivalent to investors using the "concept" to build a skyscraper. Although the skyscraper is tall, beautiful and magnificent, its foundation is made of sand and can't stand any vibration at all. Once the market shakes a little, the building will fall down immediately.
However, investors who have lost their eyes and hearts by the popularity of the Internet market simply can't see this danger, or they see it, but their subconscious is unwilling to believe it is true.
So, on March 13, 2000, an inadvertent "coincidence" caused a shock, and then the shock, driven by other inadvertent shocks, finally evolved into a strong earthquake wave enough to subvert the building in a very short time, and finally caused the beautiful building to collapse in an instant!
On March 10, 2000, the US stock market entered the last trading day of the second week after March. On this day, the NASDAQ index was still very popular. The NASDAQ index even touched the high point of 5132.52. Although it finally closed at 5048.62, many investors were still optimistic about the NASDAQ index.
Then, after two days of rest on Saturday and Sunday, NASDAQ opened as usual on the morning of March 13, but on this day, the stocks of Cisco, Oracle, Microsoft, Yahoo, Dell and other companies, the leader of high-tech Hu, encountered a lot of selling. Of course, this sudden selling is likely to be profitable selling by some investors, but they all arrived together. Therefore, on this day, the NASDAQ fell by 259 points, or more than 4%.
At the same time, many Internet companies have published last year's annual reports, which reflect an unavoidable failure, that is, during Christmas 1999, the sales of many Internet companies did not reach the expected figures.
The annual report and the sudden sell-off immediately triggered a series of chain reactions. In fact, with the development of the Internet market, many institutions have seen the danger.
Then, this inadvertent shock immediately led to the liquidation of many investment institutions and various funds, which led to an avalanche of collapse.
In just six days, the NASDAQ plunged 900 points!
The collapse of the Internet market bubble has been unchecked.
Finally, the crash lasted 31 months from March 2000 to October 2002, and the NASDAQ fell from the highest 5132 points to 1108 points!
In two and a half years, the NASDAQ fell 80% of its value! The market value of $4 trillion in the Internet market has evaporated
In those two years, the entire Internet market was like Gloria Tang's "bubble" - all bubbles.
For speculative giants such as KY investment fund, isn't it a natural thing to let go of such a good market and such a gluttonous feast?
So Yang Jing came back, and he wanted to sit here and shoot the first shot of the KY investment fund attacking the Internet bubble.
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The Internet bubble, which began in the last ten years of twentieth Century, is both a gluttonous feast for investors and a tragedy that has been brewing for many years.
In 1993, the NCSA organization of the University of Illinois in Illinois, Urbana published mosaic, the first widely used web browser in the history of the Internet.
The alpha version, the first version of mosaic released in January 1993, can only be run on the XWindow system. It did not support operating systems such as Macintosh and windows until September of the same year.
At this time, Mark Anderson, the core figure of mosaic browser development, and Jim Clark, the founder of Silicon Graphics, saw the broad prospects of mosaic browser, so they worked together to establish "mosaic Communication Corporation" in California, USA on April 4, 1994
However, after the establishment of mosaic, because the NCSA organization of the University of Illinois owns the trademark copyright of mosaic, and the University of Illinois has transferred the technology to telescope entertainment, the development team of mosaic must completely rewrite the browser code.
On October 13, 1994, the browser mosaic Netscape 0.9 developed by the company was released. Although it was still a beta version, the browser achieved great success and became the most popular browser at that time. On November 14, 1994, in order to avoid the problem of trademark ownership with NCSA, mosaic company was renamed Netscape communication company, and this browser was also renamed the famous "Netscape browser".
Before the success of Microsoft's IE browser, Netscape was the most popular browser on the Internet at that time. Although this browser and even Netscape company eventually disappeared in the long river of history, no one can deny the great contribution of mosaic browser to the Internet.
In fact, with the emergence of mosaic browser and WorldWideWeb, the Internet began to attract public attention and really entered thousands of households. By 1996, for most listed companies in the United States, a public website had become a necessity.
In the early stage of the formation of the Internet market, people only saw that the Internet had the characteristics of free publishing and instant world information. However, when people gradually began to adapt to the two-way communication on the Internet, the direct commerce with the Internet as the media and the global instant group communication were completely opened.
These new concepts have fascinated many young talents. They believe that this new business model based on the Internet will rise, and expect to be the first to make money with the new model.
This is the fundamental driving force of the initial Internet market!
An emerging market is bound to attract the attention of investors, and the rise of new concepts has led to the sharp rise of the share price of Internet enterprises. Those investors who originally invested in Internet enterprises have obtained great benefits, which has attracted more investors' investment behavior.
Moreover, the immaturity of the Internet market at this time leads to the pursuit of many investors even if an Internet enterprise has only one concept. Therefore, when more and more "concepts" appear, the popularity of the Internet market is naturally difficult to avoid.
Therefore, with the success of a series of Internet enterprises such as Netscape and Yahoo, as well as the rapid expansion of old IT companies such as Microsoft, Oracle and Cisco, the Internet market in the United States began to develop unconventionally since 1995. In just six years, the entire Internet market grew from nothing, and finally formed a huge market with a market value of up to $5 trillion in only six years. The previously unknown NASDAQ index soared from only a few hundred points to the highest 5132.52 points in just a short time!
With the rapid rise of the Internet market, this emerging market that has not experienced any market test has been sought after by many people, followed by the soaring market value of those Internet enterprises, and the owners of those Internet enterprises are bound to have psychological expansion.
For the owners of these Internet enterprises, the pursuit of many investors has made their wealth soar like blowing air. This is no different from Zhafu.
Therefore, the mentality of these Internet enterprise owners who become rich overnight only by virtue of an "idea" or "concept" will inevitably change. The money comes so easily that it can't be spent vigorously?
As a result, many Internet companies began to spend lavishly, such as elaborately customizing business facilities, providing employees with luxury holidays and so on.
Most importantly, most of these Internet companies pay stock options rather than cash to their executives and employees, so when the company's IPO, these executives and employees immediately become millionaires. And a large part of these people will invest their new wealth in more Internet companies.
This has formed a snowball situation, which eventually led to the snowball rolling bigger and bigger. In just six years, it has formed a huge market with a market value of up to $5 trillion.
However, what supports such a large market is not real performance, but one incredible "idea" or "concept". In other words, in such a big market, as long as you can come up with a popular concept, you will immediately become a billionaire!
This is equivalent to investors using the "concept" to build a skyscraper. Although the skyscraper is tall, beautiful and magnificent, its foundation is made of sand and can't stand any vibration at all. Once the market shakes a little, the building will fall down immediately.
However, investors who have lost their eyes and hearts by the popularity of the Internet market simply can't see this danger, or they see it, but their subconscious is unwilling to believe it is true.
So, on March 13, 2000, an inadvertent "coincidence" caused a shock, and then the shock, driven by other inadvertent shocks, finally evolved into a strong earthquake wave enough to subvert the building in a very short time, and finally caused the beautiful building to collapse in an instant!
On March 10, 2000, the US stock market entered the last trading day of the second week after March. On this day, the NASDAQ index was still very popular. The NASDAQ index even touched the high point of 5132.52. Although it finally closed at 5048.62, many investors were still optimistic about the NASDAQ index.
Then, after two days of rest on Saturday and Sunday, NASDAQ opened as usual on the morning of March 13, but on this day, the stocks of Cisco, Oracle, Microsoft, Yahoo, Dell and other companies, the leader of high-tech Hu, encountered a lot of selling. Of course, this sudden selling is likely to be profitable selling by some investors, but they all arrived together. Therefore, on this day, the NASDAQ fell by 259 points, or more than 4%.
At the same time, many Internet companies have published last year's annual reports, which reflect an unavoidable failure, that is, during Christmas 1999, the sales of many Internet companies did not reach the expected figures.
The annual report and the sudden sell-off immediately triggered a series of chain reactions. In fact, with the development of the Internet market, many institutions have seen the danger.
Then, this inadvertent shock immediately led to the liquidation of many investment institutions and various funds, which led to an avalanche of collapse.
In just six days, the NASDAQ plunged 900 points!
The collapse of the Internet market bubble has been unchecked.
Finally, the crash lasted 31 months from March 2000 to October 2002, and the NASDAQ fell from the highest 5132 points to 1108 points!
In two and a half years, the NASDAQ fell 80% of its value! The market value of $4 trillion in the Internet market has evaporated
In those two years, the entire Internet market was like Gloria Tang's "bubble" - all bubbles.
For speculative giants such as KY investment fund, isn't it a natural thing to let go of such a good market and such a gluttonous feast?
So Yang Jing came back, and he wanted to sit here and shoot the first shot of the KY investment fund attacking the Internet bubble.
The Internet bubble, which began in the last ten years of twentieth Century, is both a gluttonous feast for investors and a tragedy that has been brewing for many years.In 1993, the NCSA organization of the University of Illinois in Illinois, Urbana published mosaic, the first widely used web browser in the history of the Internet.The alpha version, the first version of mosaic released in January 1993, can only be run on the XWindow system. It did not support operating systems such as Macintosh and windows until September of the same year.At this time, Mark Anderson, the core figure of mosaic browser development, and Jim Clark, the founder of Silicon Graphics, saw the broad prospects of mosaic browser, so they worked together to establish "mosaic Communication Corporation" in California, USA on April 4, 1994However, after the establishment of mosaic, because the NCSA organization of the University of Illinois owns the trademark copyright of mosaic, and the University of Illinois has transferred the technology to telescope entertainment, the development team of mosaic must completely rewrite the browser code.On October 13, 1994, the browser mosaic Netscape 0.9 developed by the company was released. Although it was still a beta version, the browser achieved great success and became the most popular browser at that time. On November 14, 1994, in order to avoid the problem of trademark ownership with NCSA, mosaic company was renamed Netscape communication company, and this browser was also renamed the famous "Netscape browser".Before the success of Microsoft's IE browser, Netscape was the most popular browser on the Internet at that time. Although this browser and even Netscape company eventually disappeared in the long river of history, no one can deny the great contribution of mosaic browser to the Internet.In fact, with the emergence of mosaic browser and WorldWideWeb, the Internet began to attract public attention and really entered thousands of households. By 1996, for most listed companies in the United States, a public website had become a necessity.In the early stage of the formation of the Internet market, people only saw that the Internet had the characteristics of free publishing and instant world information. However, when people gradually began to adapt to the two-way communication on the Internet, the direct commerce with the Internet as the media and the global instant group communication were completely opened.These new concepts have fascinated many young talents. They believe that this new business model based on the Internet will rise, and expect to be the first to make money with the new model.This is the fundamental driving force of the initial Internet market!An emerging market is bound to attract the attention of investors, and the rise of new concepts has led to the sharp rise of the share price of Internet enterprises. Those investors who originally invested in Internet enterprises have obtained great benefits, which has attracted more investors' investment behavior.Moreover, the immaturity of the Internet market at this time leads to the pursuit of many investors even if an Internet enterprise has only one concept. Therefore, when more and more "concepts" appear, the popularity of the Internet market is naturally difficult to avoid.Therefore, with the success of a series of Internet enterprises such as Netscape and Yahoo, as well as the rapid expansion of old IT companies such as Microsoft, Oracle and Cisco, the Internet market in the United States began to develop unconventionally since 1995. In just six years, the entire Internet market grew from nothing, and finally formed a huge market with a market value of up to $5 trillion in only six years. The previously unknown NASDAQ index soared from only a few hundred points to the highest 5132.52 points in just a short time!With the rapid rise of the Internet market, this emerging market that has not experienced any market test has been sought after by many people, followed by the soaring market value of those Internet enterprises, and the owners of those Internet enterprises are bound to have psychological expansion.For the owners of these Internet enterprises, the pursuit of many investors has made their wealth soar like blowing air. This is no different from Zhafu.Therefore, the mentality of these Internet enterprise owners who become rich overnight only by virtue of an "idea" or "concept" will inevitably change. The money comes so easily that it can't be spent vigorously?As a result, many Internet companies began to spend lavishly, such as elaborately customizing business facilities, providing employees with luxury holidays and so on.Most importantly, most of these Internet companies pay stock options rather than cash to their executives and employees, so when the company's IPO, these executives and employees immediately become millionaires. And a large part of these people will invest their new wealth in more Internet companies.This has formed a snowball situation, which eventually led to the snowball rolling bigger and bigger. In just six years, it has formed a huge market with a market value of up to $5 trillion.However, what supports such a large market is not real performance, but one incredible "idea" or "concept". In other words, in such a big market, as long as you can come up with a popular concept, you will immediately become a billionaire!This is equivalent to investors using the "concept" to build a skyscraper. Although the skyscraper is tall, beautiful and magnificent, its foundation is made of sand and can't stand any vibration at all. Once the market shakes a little, the building will fall down immediately.However, investors who have lost their eyes and hearts by the popularity of the Internet market simply can't see this danger, or they see it, but their subconscious is unwilling to believe it is true.So, on March 13, 2000, an inadvertent "coincidence" caused a shock, and then the shock, driven by other inadvertent shocks, finally evolved into a strong earthquake wave enough to subvert the building in a very short time, and finally caused the beautiful building to collapse in an instant!On March 10, 2000, the US stock market entered the last trading day of the second week after March. On this day, the NASDAQ index was still very popular. The NASDAQ index even touched the high point of 5132.52. Although it finally closed at 5048.62, many investors were still optimistic about the NASDAQ index.Then, after two days of rest on Saturday and Sunday, NASDAQ opened as usual on the morning of March 13, but on this day, the stocks of Cisco, Oracle, Microsoft, Yahoo, Dell and other companies, the leader of high-tech Hu, encountered a lot of selling. Of course, this sudden selling is likely to be profitable selling by some investors, but they all arrived together. Therefore, on this day, the NASDAQ fell by 259 points, or more than 4%.At the same time, many Internet companies have published last year's annual reports, which reflect an unavoidable failure, that is, during Christmas 1999, the sales of many Internet companies did not reach the expected figures.The annual report and the sudden sell-off immediately triggered a series of chain reactions. In fact, with the development of the Internet market, many institutions have seen the danger.Then, this inadvertent shock immediately led to the liquidation of many investment institutions and various funds, which led to an avalanche of collapse.In just six days, the NASDAQ plunged 900 points!The collapse of the Internet market bubble has been unchecked.Finally, the crash lasted 31 months from March 2000 to October 2002, and the NASDAQ fell from the highest 5132 points to 1108 points!In two and a half years, the NASDAQ fell 80% of its value! The market value of $4 trillion in the Internet market has evaporatedIn those two years, the entire Internet market was like Gloria Tang's "bubble" - all bubbles.For speculative giants such as KY investment fund, isn't it a natural thing to let go of such a good market and such a gluttonous feast?So Yang Jing came back, and he wanted to sit here and shoot the first shot of the KY investment fund attacking the Internet bubble.
