Chapter 371 The Second Mass Layoff

According to the relevant information provided by Legendary World, the Ministry of Justice still believes that further investigation is necessary after confirmation.

Things have reached this level, that is, the fact of monopoly has been basically confirmed. As for the corresponding measures, a lengthy hearing will naturally be required.

After hearing the news, the related stocks of Legend World began to fall. Risk aversion is the same everywhere.

Everyone knows that if World of Legends cannot secure a win, its valuation will face a sharp decline.

"In order to ensure the company's profitability, World of Legends will lay off employees again. We deeply regret the more than 2,000 employees who have lost their jobs." The above is a document of World of Legends.

The world of legends still ignores the decision of the Ministry of Justice.

Since the compensation was quite gratifying, there were no major problems within the company. The stock market began to fluctuate violently.

To be honest, if it weren't for the very gratifying profits of this product, the stock might have become a penny stock long ago.

Even so, it's down 40% from its highs.

For this situation, small and medium shareholders are naturally extremely resentful. A company whose earnings continued to be bullish, unexpectedly encountered such an indiscriminate disaster.

"Boss, William White should have given up. Only a few interns attended this hearing."

"Hey, I hope this time the waves won't be too big."

Generally speaking, people's good expectations will always fail. The old guy from Morgan Stanley obviously thought too much. Today's Legendary World is not a small fish or shrimp. The addition of a few related companies has already exceeded the market value of tens of billions.

In the face of volatile stocks, William White was also very helpless. There are many ways to boost the stock price, but he doesn't want to use it. In the current situation, it is obvious that some dealers are trying to short for profit. If they enter the market rashly, there will be absolutely no good results.

"Boss, are you sure?"

"Well, it's decided, just 500 million, if it doesn't work, then add another 500 million."

"As a result, Legendary World's financial reserves will be empty, and it will still bear certain debts."

"It's okay, if it doesn't make people afraid, I might as well go to make peace with the Ministry of Justice."

"Understood, I will arrange it right away."

Repurchase and cancellation of stocks will greatly reduce market liquidity. Not great for a stock of this caliber.

"Suspension? Why?"

"What important news is announced."

"Cut, it's not the matter of the Ministry of Justice. It's really unlucky. This is another day's profit."

"West, be careful, there is nothing wrong with shorting Legendary World, it's best to end it in time."

"Hmph, the richest man in the world, he speaks so loudly. I want to see how he passes this test."

The eyes of the people around were indifferent, disdainful, and a little eager to move. When the news of Legendary World's announcement of the buyback came out. The expressions of these people all turned into sympathy, or gloating.

West is dead, he doesn't need to wait for the next day. There are not many tradable shares in Legendary World, and if nothing goes wrong, tomorrow's gap and high opening is a foregone conclusion.

He is just one of the unlucky ones.

It is not uncommon to repurchase and write off, but to repurchase one billion dollars of stock and write off? Why don't you delist directly?

Short selling in order to lock in profits is easy to say, this has little impact, you just take advantage of the trend to unwind. Naked short selling can be miserable, and unleveraged ones are okay, but if you use leveraged operations, then you will die ugly.

This wave of operations can be described as extremely ruthless, with leverage exceeding ten times, liquidation is the only option.

Of course, if a consortium jumps out to carry it out, there may be twists and turns in the matter. It's just, who dares to provoke this lunatic at this time.

Today's consortiums are all farming in the foot basin. Whoever cares about this kind of thing patiently thinks that William White is easy to bully.

There are unlucky people on Wall Street every day. Although there are a few more today, no one cares too much. They are more concerned about William White's means.

In fact, William White has always been simple and crude. You have the ability to make money, of course he doesn't care. If greed is not enough, it must pay the price.

Faced with such a situation, a group of Wall Street elites are also scalp-numbed. Among them, there are obviously a few fewer. All the high-spirited guys from the past two days disappeared without exception.

What is extremely painful is that the Ministry of Justice has apparently not yet reached a conclusion. That is to say, the world of legends can get nervous at any time.

So this time?

Well, just a warning.

The strange scene in the stock market is Hong Guoguo's slap in the face. As for whom? Just sit in your seat.

When it comes to anti-monopoly, the history of the United States has been reversed many times, and it is easy to kill people. This is the first of its kind, but I don’t know how many tragedies will be faced in the future.

Facing a madman with a huge amount of cash in his hand, the market can't solve the problem. As for the policy level, unless you change the law. Otherwise, there is still no solution.

This chaos of the old beauty is very puzzling. At least the foot basin people don't understand what it means. Are you sick? Is it really okay to deal with your own business?

They actually figured it out, no matter how to split it up, as long as this company belongs to William White, their game makers would have no chance.

"Please resign? Bastard, let him stay. If there is someone on the donkey, let him recommend one." In the oval office, the big boss's hair stood on end, and he left a mess and ran away. What kind of saying is this? .

It's not impossible to let people take the blame, but the question is, what are the benefits?

His chief of staff has said that the next wave of layoffs is imminent. If there are no accidents, it will definitely be carried out before the end of the year.

"William, someone wants to ask you, is there any room for relaxation?"

"It's too late. Since those games have been developed, there is no reason to give up. In fact, the game field is obviously in decline. After this turmoil, there are not many left."

"I know, that's the only way to go."

When things got here, they had to resign themselves to fate. A simple anti-monopoly investigation can turn out to be a mess. It has to be said that someone's destructive power is still very strong.

"Boss, if he tries hard now, the Ministry of Justice may give up."

"Hehe, I don't know about this. What I know is that William White doesn't want to reconcile at all."

"Do this? What is the purpose?"

"I don't know. Looking at this posture, it seems that it intends to destroy the entire industry."

"Ahem, in this way, he might really monopolize."

"Hehe, I'm afraid the leftovers in the US are useless long ago." The old guy's knowledge is not bad, but he is already clear about the situation that others can't understand. But what William White would do next made him very curious.

It's easy to destroy nature, but have you finished destroying it? Doesn't it really ruin the company?

As a moderate shareholder, Morgan Stanley is naturally very concerned. There are a lot of beautiful knives in it, and he must not be let go.