Chapter 1208 People Sit at Home, Money Comes From Heaven
Just when Li Dong was worried that the women were going back to Pingchuan, and when Yuan Xue and the others rushed back to Pingchuan. * WwW.suimeng.lā
At this moment, the market will not be calm because of Li Dong's low-key.
On November 15th and 16th, for two consecutive days, the 30-point column of CCTV News conducted a detailed management vulnerability tracking report on the problems existing in Baidu PPC search results.
The Xinhua News Agency also published an editorial at the same time - "Fake medicines are rampant on the Internet, bidding rankings are the bane."
As soon as the news came out, the U.S. stock market closed on the 18th, and Baidu's stock price plummeted.
On the 18th, Baidu's stock price plummeted by 2504. On the 19th, Baidu's stock price continued to plummet, falling by more than 30% in two days.
It wasn't until the U.S. stock market was closed on Saturday, the 22nd, that Baidu gained room to breathe.
However, in a week's time, Baidu's stock price plummeted by nearly 40%.
Before the news reports appeared, Baidu’s price per share was around US$180. On the 22nd, Baidu’s share price closed at around US$120.
In the past year, Baidu's share price was as high as US$420. At this moment, there is really only a fraction left.
Li Dong didn't pay much attention to this matter before, even though Li Yanhong was crying and apologizing everywhere these days, Li Dong didn't bother to care about him.
Unexpectedly, Li Dong didn't care about him, but Li Yanhong took the initiative to find Li Dong.
Because major credit rating agencies have downgraded Baidu's stock rating, Citigroup even lowered it from "buy" to "sell", and the target stock price was cut from $300 to $110.
Baidu's share price is still falling, and some analysts even believe that it may fall below everyone's imagination, falling below the $100 mark.
At this time, Li Yanhong really couldn't sit still.
He himself went to the United States in the past few days, not to mention, he also issued a letter of apology internally, and externally apologized several times in the media, and stated several times that he would rectify his position, and even started rectification.
But these are useless!
The stock price still has the risk of falling below the bottom line, which is an extremely scary thing!
In order to prevent being fired by some capital institutions, Li Yanhong finally thought of asking for help.
And the first person he asked for help was Li Dong.
On the afternoon of the 24th, Huaxia Monday afternoon.
In the United States, it was still in the early hours of Monday, and various negative news poured out these days. After two days of market closure, instead of showing signs of improvement, there is news that Baidu is likely to continue to suffer heavy losses when the US stock market opens today!
Li Yanhong was really unwilling, so he called Li Dong.
The opening is willing to sell part of the stock to Li Dong, the price is negotiable.
The key point is that I hope that Li Dong will cooperate and issue a good announcement to rectify Baidu's name.
Li Dong became famous all over the world some time ago. In the eyes of many investors in Laomei, Li Dong is synonymous with legend.
Moreover, Li Dong has cooperated with various well-known investment banks, and those investment banks are also extremely optimistic about Li Dong.
At this time, Li Dong is optimistic about Baidu, and his influence is definitely not small.
Li Yanhong is actually not worried about those retail investors. The influence of retail investors is limited. What really caused Baidu's stock price to plummet was caused by major securities companies and investment banks.
These people are the main holders of Baidu stock.
They are not optimistic, and Baidu's stock price plummets without end.
And now some people are not only not optimistic, but also some investment institutions are purposefully suppressing Baidu's stock price and preparing to speculate on the bottom.
In less than a year, Baidu's stock price fell from $420 to $120, which is not something retail investors can do.
At least Baidu has not been greatly affected in this winter of the financial crisis. Revenue, profit, net profit, and the reports for the first three quarters are all growing and increasing.
In this case, there is no reason for such a sharp downward trend.
From the peak period, the total market value of more than 40 billion US dollars, and now, Baidu's market value can reach 12 billion US dollars, which is even worse than Ma Yun's Ali.
In less than a year, nearly 30 billion US dollars evaporated, which is equivalent to two and a half Baidu now!
Li Yanhong wanted to die now, so she approached Li Dong as a dead horse doctor, to see if she could use Li Dong's fame to help Baidu stop losses.
This is not the first time this has happened in the industry.
Some time ago, Mengniu's stock price plummeted, and many people in the industry bought Mengniu's stock one after another to help Lao Niu raise its stock price and prevent it from being speculated by foreign institutions.
Now, Baidu also hopes that someone can help to raise the stock price to prevent it from continuing to plummet and being speculated by financial institutions.
And Baidu is listed in the United States, China has this ability, and there are not many people who affect the financial market in the United States.
Li Yanhong himself is one of them, but now his own company has a problem, so of course he can't.
As for the others, at present, Li Dong is the most suitable.
Although he did not go to the United States, his Weibo has just been registered in the United States, and Li Dong has even been hailed as a "Titan". If Li Dong speaks on a media platform such as the international version of Weibo, it can affect foreign countries.
On Weibo, there are also many investment banks supporting it.
Since these investment banks have chosen Weibo, unless they are institutions that intend to speculate on Baidu, otherwise, they have to trust Li Dong's vision no matter what.
So, Li Yanhong found Li Dong.
What he cares about is nothing else. Selling stocks to Li Dong is not for investment. Baidu is not short of cash flow for the time being.
Li Yanhong's only purpose is to borrow Li Dong's fame.
No matter what, try to talk, it's better than being indifferent.
Moreover, a large part of Baidu's investors are also from Huaxia.
Li Dong is synonymous with golden hands in the Chinese business community and financial industry.
His presence can increase the confidence of these investors.
Li Yanhong even doubted whether the plunge of Baidu's stock price had anything to do with Li Dong.
This bastard had previously held 300,000 shares of Baidu, but in the first half of the year, Li Dong sold it at around $400, and cashed out all of it, leaving nothing behind.
As a result, after he left the market, Baidu's stock price plummeted.
Even though Li Yanhong knew that Li Dong's 300,000 shares were nothing, if they were all sold off, it would not be possible to affect Baidu's stock price.
But I couldn't stand it anymore, as soon as Li Dong left the stage, Baidu's stock price fell again and again, it's too mysterious!
When Li Dong held stocks in the past, it was soaring every year and making money every year. Now it is good. Once he left, Baidu almost wanted to cry.
Superstitious employees and executives are now advising Li Yanhong to bring Li Dong back quickly.
Don't care if it's true or not, don't care if it's not mysterious, if you don't try, who knows if it's because of him.
Don't think that high-end elites don't believe in these things. Many people still believe in them. In business, sometimes luck really accounts for a large proportion.
In particular, Li Dong has almost never failed in the past few years. Many people think that Li Dong definitely has great luck against the sky.
When Li Yanhong was on the phone, Li Dong had just finished calling Yuan Xue and the others.
Hearing that Li Yanhong asked him to buy stocks, Li Dong couldn't help laughing and said: "Yanhong, I know my own affairs, and you are the ones who say I am lucky or not.
I bought Baidu stock, which may not have any impact.
And your Baidu bidding is indeed a problem. In my opinion, if you don’t rectify it properly, this is the first time.
I am surprised, how much profit did Baidu bidding bring to you?
Has a bad reputation, is it a big loss?
In the past year, 30 billion U.S. dollars has evaporated, and the previous decline has nothing to do with this matter.
Recently, it has fallen by nearly 60 US dollars, and almost 6 billion US dollars have evaporated, nearly 40 billion yuan!
Can you earn 40 billion by bidding on Baidu?
This is not nonsense! "
Li Dong shook his head endlessly, this was the first time, only he knew, there would be several times later.
Every time it was caused by Baidu's bidding, just on this alone, Baidu lost at least hundreds of billions of RMB!
Li Yanhong is really stubborn sometimes, and she can't let go of herself.
In fact, Baidu does not know the problem of Baidu bidding?
The benefit is one point, let's not talk about this first.
Another point, this is related to Li Yanhong and Xu Yong's parting ways.
Xu Yong, that is, the founder of Baidu who Li Dong bought Baidu shares.
Xu Yong is a true entrepreneurial veteran. Almost all of Baidu's early investment funds came from Xu Yong.
Xu Yong also held Baidu shares second only to Li Yanhong at the beginning. Unfortunately, because of some differences between the two, Xu Yong had no choice but to leave Baidu.
Where are the differences?
The biggest difference lies in whether Baidu bidding should be done or not!
Xu Yong said not to do this, but Li Yanhong insisted on doing it. This is their biggest disagreement and controversy.
In the early stage, Baidu's bidding did bring great help to Baidu. The revenue increased and the profit increased, which added a strong persuasiveness to Baidu's listing.
However, success is also Xiao He's failure is also Xiao He!
Now, there is a big problem with Baidu's bidding. This time, Baidu's market value has evaporated by 6 billion US dollars. No matter what Li Yanhong is for, she cannot admit that she has failed in Baidu's bidding.
Otherwise, I am afraid that the outside is not chaotic, but the inside is chaotic.
Li Yanhong also does not allow this to happen. In the Baidu he created, in the end everyone doubts his choice. Even if it is really wrong, he must stick to it.
This is a kind of paranoia, but also a kind of helplessness.
Li Yanhong can be defeated, but he can't lose to himself, nor can he lose to his good partner and good brother who was driven away by him back then.
Therefore, he can only modify and repair, but cannot completely give up the bidding ranking.
Once she gave up, it was a complete denial of herself, which was an unbearable pain for Li Yanhong.
Li Dong actually understood this, but he still couldn't help persuading him.
The bat family has always been the pride of the Chinese people, and they have made a name for themselves in the Chinese Internet industry.
But in the future, among the three companies, the leading company "B" has become the company with the most holes and the most black spots.
In fact, even if Baidu has black spots in other aspects, it is not too much. The biggest problem is the bidding ranking. Because of this, who can know more about how heavy the loss is than Li Dong?
At Li Dong's level, he doesn't actually have much gloating thoughts.
Anyway, we are all acquaintances, and we are all leaders in the Internet industry. The most important thing is to rush out of the country and seize the world market together.
Because of this, Baidu was gradually abandoned by others, which was actually what Li Dong and the others did not want to see.
Of course, the most fundamental reason is that Yuanfang does not have much competition with Baidu.
The only e-commerce industry, Baidu's side, Li Dong almost forgot that they also engage in e-commerce, which shows how weak their presence is.
Without competition, mutual support becomes a must.
Hearing Li Dong's words, Li Yanhong forced a smile and said, "I know this, but this time it was an accident, and it was because I was negligent in managing it before.
The ancients said: If you know your mistakes and you can correct them, there is nothing good about them.
Baidu is also rectifying and reforming, and we can't give up these things just because we made mistakes.
There are mistakes in any path, what we need to do is to correct, absorb the lessons, and then move on..."
"Come on, don't tell me big things, I don't want to listen to them.
Speaking of great truth, I can say that you vomit, which is boring.
I can buy Baidu stock, and I can even advertise for you, but there is one thing, your PPC has nothing to do with me, and I will not pay for it.
After buying your stocks, I think I will definitely make a profit, a lot of money.
But no matter how much money you make, it’s just a meaning to me.
I am optimistic about Baidu, not optimistic about PPC, this is also my real thought.
Even if I make an announcement, that's all I can say. You can decide for yourself whether you want me to help. "
Li Yanhong was a little confused, and said after a while: "Are you really so pessimistic?"
"It's not that I'm not optimistic. The key point is that if you really rectify and change, and you're not so mercenary, I think this thing can still be done.
But this thing is only about money now, and nothing else!
Don't worry about this matter, if you are attacked in the future, then I will lose a lot, and I will make you billions and billions, so what can I do.
With such a large industry in the distance, it is not uncommon for me to lose tens of billions with this stain on my back. I don't have time to play with you. "
"You bastard..."
Li Yanhong seemed a little helpless, and finally said: "Then do as you said, in fact, I have made up my mind to make a thorough rectification, you have to believe in my determination..."
"Forget it, I believe you are the one to blame!"
Li Dong was too lazy to talk, and said directly: "1 million shares, 100 US dollars per share, let me explain for you, so as not to say that I am unreasonable."
"Cough cough cough..."
Li Yanhong on the other side of the phone almost choked to death, and after a while she gritted her teeth and said, "Aren't you not optimistic?
Aren't you very reluctant?
1 million shares, $100 per share, do you think I'm stupid?
Will Baidu continue to fall?
100,000 shares, no more, just a moment of thought is enough..."
Li Dong said unhappily: "To be honest, I'm looking at you begging for my face, otherwise I wouldn't bother to buy any stocks.
Are you kidding me with 100,000 shares? Is the 10 million US dollars handwritten by me, Li Dong?
I put in 100 million dollars to support you, only then will it be effective, and this is called being optimistic, do you understand this principle?
Besides, this share is less than 1, so there is nothing to care about.
Love to sell or not, if not, I will not buy, who has the time to play around with you. "
"you……"
Li Yanhong really wants to curse!
But after thinking about it, it wasn't because he was a bitch and asked Li Dong for help, he should have been prepared to be slaughtered a long time ago.