Chapter 400: The Completely Collapsed Game Market

William White has a good idea, but the game market is hopeless. The flood of all kinds of garbage games has completely destroyed the confidence of consumers.

Laomei's summer vacation is not only a time for movie theaters to make a fortune, in fact, electronic products during this time period are also very popular. In other words, everything that is suitable for students will sell well.

It is a pity that well-prepared game manufacturers did not meet the peak season they expected. The sales data collapsed very quickly, and in just over a month, the sales data fell to the bottom.

When doing business in the United States, no one talks about friendship with you. The first thing everyone needs to look at is the data. If your data collapses, these products will be taken off the shelves, and they will not let these unsalable items continue to occupy the shelves.

The sudden news immediately shattered everyone's dream of getting rich. Game companies, including Legendary World, have suffered a serious blow.

It plummeted 19 percent at the opening, which greatly exceeded everyone's expectations. You know, the fundamentals of Legendary World are pretty good. Even if you fall, it should be the software company that was spun off, right? There is no reason for this situation to arise.

Only this time, Legendary World didn't make any announcements, didn't ask for trading suspension, and didn't even mean to explain.

"You succeeded!"

A week later, the Legendary World issued such a statement, which was completely out of the question. At this time, the stock price has fallen by half. Bundling several companies together is still less than half of the peak value.

If Legendary World suffered heavy losses, other game companies were devastated. A large number of game cartridges piled up in the warehouse are simply a disaster.

In less than a year, tens of thousands of games have been produced. How dare you expect them to have any quality?

Facing a market that is directly collapsing, the Ministry of Justice can only describe itself as wanting to cry but without tears. Most importantly, the footbath market seems to have had little impact.

Well, they seem to have a spontaneous guild. For games that enter the market, they have the right to review and grade suggestions.

Since there is a foot basin, let's just make one too. It doesn't seem difficult, does it?

Yes, of course the United States can also have it, but the industry leader does not intend to do so and chooses to ignore it.

Legendary World is indeed the only one in the United States. Since they lack interest, others will lose their temper. A few small fish and shrimps, really think that some kind of industry association can't be established?

These associations in the United States are very interesting. Rating agencies such as film news are all non-governmental organizations without government participation.

The only difference may be the comic review department. It's just that Marvel has ignored it, and many of their comics are sold in stores, and they don't care at all.

As for the Vikings, if you pass the review, he will sell weekly magazines at newsstands. If you dare to blah, they will ignore them and sell them directly in comic shops.

This so-called review of comics is actually meaningless.

Without the confirmation of industry giants, no matter how many ideas you have, you will give them in vain. There is really no way to do this thing, if you don’t buy it, you won’t buy it.

"Boss, if you don't repurchase now, there may still be a risk of falling." Filson's face was a little heavy. Although he had expected all this, he didn't expect it to be so serious.

"How many tradable shares are there in the market for repurchase at this price?" William White was also very speechless, it might not be privatized and delisted, right?

Besides, why should he bear the loss?

What a company, it has been tossed into what it is now, it is no wonder that William White is not popular. He didn't realize what kind of back-up man he was, so what if the stock price fell, it's fine, it's all paper wealth anyway.

The only good news is that a considerable part of the loans mortgaged by the shares of Legendary World has been repaid. The banking system didn't intend to trouble him either. After all, the remaining loans were not large, and the problem was only Legendary World, and his other companies didn't have too many problems.

He has no problem here, but some institutions and fund companies have a headache. If the stock price cannot rebound as soon as possible, they also need to increase collateral.

It's just that, in the current game market, it seems that there are no opportunities. Even if it may get better in the future, it is impossible to restore the previous state.

An anti-monopoly investigation brought down an industry, which can be regarded as an ancient anecdote. When the legendary world once again raised the banner of layoffs, the politicians in Peanutton could no longer sit still.

They also understood that William White didn't care about this company at all. In other words, he has enough confidence to get it all back.

"Boss, the Department of Justice is in serious trouble this time."

"Hey, this guy is really ruthless. Is this considered to be a dead end?" The old guy from the Big Moore said that because he didn't understand the particularity of this industry. What kind of fish come from there, as long as there is no moth in the foot basin, his position in the game industry cannot be shaken.

"Boss, some organizations have chosen to ship, how should we deal with it?"

"Well, I'm not worried about this company, it's just that the book is too ugly. Before the PS2 appears, the situation will not change."

"Boss, shall we maintain this state?"

"Hehe, what else can I do? The quantity is too large. If it is sold, the stock price may collapse directly."

A very discordant scene took place in the U.S. stock market this summer. Most of the stocks are rising, only the world of legends is plummeting.

As for the culprit who caused all this, he is enduring the censure of a large number of congressmen. You are not incapable of anti-monopoly. What is your standard? This thing cannot be done arbitrarily, and a hearing must be passed.

See you in the picture?

Possibly, no one knows what William White's motives were, except that the Department of Justice's purview had to be constrained.

After all, it is wrong to wantonly attack American companies, and this tragedy cannot be allowed to happen again.

Well, congressmen are also very good at snapping hats, and this is not your exclusive skill for William White.

Things have come to this point, and the Legendary World has become a passerby. The noise of a group of bigwigs turned the whole peanut into a pot of porridge.

"William, is this your purpose?"

"Ha, what are you kidding, can a Ministry of Justice be worth that much money? George, my book loss exceeds 5 billion, and the company's market value loses 10 billion. The loss of the entire industry is even more difficult to calculate. Do you think that the Ministry of Justice has So valuable?" Little Bush was speechless, William White really didn't need it.

"Oh, this trouble is not small." Little Bush smiled wryly.

"Hehe, the trouble has just begun. If the rights are not restrained, we businessmen will have no way to survive." Of course William White was upset. If it weren't for the gold at the bottom of the box, he would have gone mad by now.