Chapter 887 It's Good to Have Some Bubbles

When people talk about bubbles in later generations, two things come to mind, one is the real estate bubble in the foot basin, and the other is the Internet bubble. And the starting point of this Internet bubble actually starts from the listing of Netscape.

Yes, bubbles lead to wasteful and distorted investment. But the size of the bubble was not as large as commonly thought.

In fact, in William White's view, it was this part of irrational capital injection that allowed the United States to maintain growth in the following decades.

Of course, there are indeed some companies here that are fooling around, without a complete business plan, and they are just making concepts.

When the sea suddenly ebbs, those bastards without clothes will naturally be eliminated by the market.

"Alan, what, are you hiding from those reporters too?"

Looking at this old man with malicious intentions, Greenspan also looked disapproving.

"Hmph, you still have the nerve to talk about me. If you weren't hiding in the country, you probably wouldn't be much better than me."

Apart from shaking his head and smiling wryly, Buffett seemed to have nothing else to say.

After Lao Ke came to power, he introduced a high-performance computer bill. Unfortunately, just like the Star Wars plan, it was very boastful. When it came to the state government below, this bill basically became a piece of paper.

Well, it's easy to talk about giving money, and we also welcome tax cuts. As for the fiber optic backbone network you mentioned, is it delicious?

If you can't see the benefits, you won't support it at all. It's useless for you to break the sky with peanuts. What kind of Internet is this, don't it be for military use? Now we are fooling around, maybe it is used to launch missiles.

"I can't help it, Allen, all the continents have been mobilized now, and no one wants California to take the top spot. Your stupid place can do Silicon Valley, why can't we do it?"

The reason why Greenspan remains silent now is because of this.

Is the Internet useful?

Of course it works, and William White is right, you just don’t understand.

Since books and audio-visual products can be sold through the Internet, can other commodities also be sold? Will bulk commodities such as cars and real estate be able to be sold online one day?

no?

You say it's useless, you don't understand at all, they are just two outdated antiques.

"Yes, there are too many benefits here, and the public seems to have this demand. However, I really don't know how to evaluate this market value of more than 7 billion dollars."

William White didn't know what the two veterans were talking about, and he wouldn't care if he knew it. Where is this now? You will know by the end of the year, and it may skyrocket. At that time, a valuation of US$20 billion is not impossible.

In the current company, there is no .COM printed on the business card, and I am embarrassed to say hello to people when I go out. Not to mention the United States, the whole world is now in this tune.

Footbath, Xiangjiang, Baodao, Tuguo, there are information superhighways everywhere.

What is the use of this damn thing?

It's really hard to say, at least one thing, the communication between people is more convenient. Work efficiency is also improved.

"Warren, ICQ started charging, and it seems to be doing well. I hear they've got half a million paying customers."

"I don't understand this." Buffett shook his head directly. Whenever these high-tech companies were mentioned, the old guy would instinctively reject them.

"Anyway, his income and expenditure are completely inconsistent. When he has 10 million paying users, I will admit that he is valuable."

I have to say that this is almost the meaning of the generation gap. The figure of 500,000 is actually quite impressive.

Don't forget, the number of registered users has already exceeded 10 million. Moreover, its growth rate has never slowed down for a moment.

Buffett actually didn't know that William White didn't really care about the number of so-called paying users, and he didn't ask ICQ to develop the number of such users.

The difference between paying and not paying is actually very limited. If it is not an enterprise and professional user, there is actually no need to pay.

"James, this ICQ is not much different, it's just that the mailbox is a little bigger."

"Mark, the group is somewhat restricted, and most people can't use it. It's the VIP logo. I have to say, it's quite funny."

"Yeah, many of my classmates don't actually need this, but they still become paying users.

James, are we also developing an instant messaging software? If it is bundled with the browser, we will not have some more profit models.

The current market value, to tell you the truth, I can't sleep at night. "

"Damn it, Mark, don't use those idiots, they won't help you, the threshold for this communication software is too high, unless you plan to do it for free."

"Free?" Mark Anderson curled his lips. Of course, free is impossible. This is a plan that will be sprayed to death by shareholders.

"Mark, since it's impossible for free, what are you using to compete with him? Aren't there similar software for the foot basin and Europe, and they were crushed as soon as they appeared."

"Well, let me just say that the current market value is a torment for me."

James Clark cursed secretly, you are pretending, why didn't you talk about suffering when you went to the nightclub to fool around. Alas, the little guy is still a little impetuous, you go and see William White, what are you playing with.

The two lucky ones in everyone's eyes are now in confusion and entanglement, let alone other colleagues in Silicon Valley.

From this day on, the U.S. emperor has entered an era of wide-open minds. As the stock price of Netscape continued to increase, Silicon Valley, the United States and the world fell into a kind of collective self-indulgence.

Wall Street investment banks not only spread money in Silicon Valley, but also spread money all over the world. As long as you have a little bit of COM now, you might attract angel investment.

Xiangjiang, Treasure Island, Foot Basin, Rabbit Country. This storm set off by the US imperialists is sweeping the world at an unimaginable speed.

Is foam really bad?

Actually not necessarily!

If you look at the Fortune 500 later, how many companies were born in this era. If you add one piece to the stock indexes of these companies, ha, you will be surprised to find that, hey, the money evaporated from the Internet bubble seems to have come back again.

The Internet bubble collapsed, roughly losing five trillion in market value. So, here comes the question, what is the total market value of those high-tech companies that followed?

That is, you bought Nasdaq stocks at the height of the dot-com bubble. As long as you hold it long enough, you may not lose money. Well, it's not a question of how much money you lose, it's a question of how much money you make.

To be honest, without this wave of Internet, the US economy would have collapsed a long time ago. In addition to these Internet companies, you have one. After the new millennium, does the United States have any decent companies?

Do you know what is the cutest thing?

When the bubble burst, it wasn't just US imperial money that was burned. In fact, a large group of local tyrants in the desert, foot basin, and Germany suffered heavy losses.

As for the U.S. imperialists, what they lost was only paper wealth. For companies like Yahoo, Cisco, and Microsoft, it didn't take long for the stock price to come back.

Ahem, it seems that the one who was cheated was not the US Emperor.

Use international hot money to develop their own Internet companies. After using them, they dig a hole and bury them. When these companies recover, those local tyrants dare not invest again.

Nima, you are too shameless.