Chapter 322 Good Times, Bad Times (One More)

Cui Xian forgot, but Wei Sheng didn't. Now the problem of Huahui still exists, and the deputy party has another "reckless" that she doesn't like, which she can't bear.

"We have to have less contact in the future, it's the same inside and outside the school." Wei Sheng reminded aloud.

"I know." Cui Xian on the side suddenly stopped.

Wei Sheng was also stunned. Looking back at him, he saw that he was standing there, looking sideways at the grove. The grove was particularly shady, and at the end was the west wall of the school. There were several square benches in the wood. Going up is obviously aimed at targeting students.

Wei Sheng also followed Cui Xian's gaze to the grove, then raised his eyebrows and slowly narrowed his eyes, "You want to..."

"It's a good place to read and memorize words early." Cui Xianqing's cold voice quenched the evil flame in Wei Sheng's heart, and then he turned to look at her calmly, "What am I thinking?"

"It's nothing." Wei Sheng turned his head and raised his chin elsewhere, jumped off the sidewalk and swayed on the small road in an attempt to distance himself from him. He began to interrupt, "Where to eat at night?"

"Just Weston, I heard that the famous chef from S Hai hired by their Chinese restaurant has a unique taste and is open to the public. Many people come to eat with the famous chef." Cui Xian said as usual.

Wei Sheng immediately turned to look at him and said with a wry smile, "Are you really planning to eat poor me?" Siston is the hotel opposite the school. On the first day of reporting to Green Island, Wei Sheng's family of three went in and asked about the price of accommodation, and then turned to war. Stay at the hotel next door.

Wei Sheng only looked at it, and estimated that even if the hotel did not have a five-star brand, it would still be operating at this level. Moreover, the rear of the hotel is still under construction, and it may go straight to five-star after the expansion.

She now regrets asking Cui Xian.

"It's not expensive." Cui Xian's face still had no expression on his face, but his brows were slightly raised, but a smile clearly flashed in his cold eyes.

...

From 1995 to 2001, it was the era of the Internet bubble, also known as the speculative bubble, which is well known in the Internet industry in later generations.

In 1994, the emergence of the Mosaic browser and WorldWideWeb brought the Internet to the public's attention.

In 1996, a public website had become a necessity for most listed companies in country M.

In the early days, people only saw that the Internet has the characteristics of free publishing and real-time world information, but gradually, people began to adapt to the two-way communication on the Internet, and opened the Internet-based e-commerce and global instant group communication.

These concepts have fascinated many young talents who believe that this new Internet-based business model will emerge and expect to be the first to make money with the new model.

In the past few years, in the stock markets of many countries in Europe, America and Asia, the stock prices of technology and emerging Internet-related companies have risen rapidly.

Venture capitalists saw record gains in Internet companies' stock prices, so they shot faster, helped grow total startup capital at low interest rates in 1998-99, and spawned countless Internet businesses.

Most of these invested entrepreneurs lack practical planning and management capabilities. It is not surprising that the mentality of "profit growth" and the invincible atmosphere of the "new economy" in the West have made some companies spend extravagantly inside. Such as carefully customized commercial facilities, providing employees with luxury vacations and so on.

Executives and employees were paid stock options instead of cash, and they became millionaires in the company's initial public offering, and many invested their new fortunes in more dot-com companies.

"Paranoid boss" Andy Grove, chairman of Intel Corporation, issued a cautionary tale in the Internet age: "Hurry up and jump on the high-speed train of e-commerce, or you will die without a place to be buried!"

E-commerce has become the focus of attention and hype from all walks of life in the world. It can be said that in this era when the Internet is just emerging, even in country Z, a country with a relatively late Internet development and a backward country, it is a venture capitalist carrying a cash box. time to find investors.

Maybe everything is booming, and everything will decline. Beginning on March 10, 2000, the Internet bubble began to burst. One of the possible reasons for the collapse of many Internet companies is that a large number of high-tech stock leaders such as Cisco, Microsoft, Dell and other multi-billion dollar sell orders happened to appear at the same time on the morning of the first trading day after the weekend of March 10.

As a result of the selling, NASDAQ fell from 5038 to 4879 at the opening of the market on March 13, a full 4% drop. The chain reaction that triggered the sell-off was that investors, funds and institutions began to liquidate.

By 2001, most dot-com companies stopped trading after burning out their VC dollars, and many were not even profitable.

At this time, Wei Sheng, who was going out of the dormitory alone to go to the Weston Hotel for dinner, hung up the phone and frowned. She was not engaged in the Internet-related industry in her previous life, and she did not understand the rise of the Internet and the process of its decline and rise again. It was little Cyril who just told her on the phone after learning about the development of the Internet in detail with Cyril from another world.

Obviously, it was a good time and a bad time.

Some people say that this is an era when a large number of Internet companies rose up in the bubble and began to fight until the end of the fight, leaving a small number of 'gu kings' to dominate. It's a fight, but a protracted war, a protracted war of independence.

It is well known that the Internet burns money. This industry requires an investment period. Just like a highway, it can only be used and charged after the highway is built.

Therefore, it is normal to have no profit during the investment period. To put it simply, the early stage of this industry is loss-making, but it is based on the establishment of a business model that can bring excess profits.

Loss is not a characteristic, excess profit is its characteristic.

Before the bubble burst in 2001, most companies did not correct their mentality in the early stage, and in the case of a highly prosperous market, these companies abandoned the standard business model and broke through the bottom line of the traditional model, and those that never even made profits. The company relied on the share of stock to greatly misappropriate money and spend it recklessly.

In a situation like that, where the longevity of a company is measured by its burn rate, a company that is neither profitable nor has a viable business model has been relying on the prospect of a rising stock market to lure VCs into investing. This capital chain is broken, and after squandering assets, the bubble will burst, that is, the company will go bankrupt.

Therefore, the bubble era of the Internet is not a problem with the industry model, because this industry will develop in the future and reach a peak that is unmatched by any industry. The problem at the moment is that we need a steady stream of funds for the construction of this expressway, and after this protracted war, it will start to charge for traffic.

Thinking like this, Wei Sheng had already crossed the road and climbed the steps of the Weston Hotel.