Chapter 809: Pingguo Collapse Phenomenon. Ford the Old Unlucky Guy (4K)
Obviously, the iPhone 14 launch conference did not achieve the expected purpose. After Pingguo was a step behind in switching from 4G to 5G, it was once again labeled as lagging behind.
But when the fruit fans still wanted to give Pingguo a chance, the late-night horror plot appeared.
Pingguo's stock price started an epic plunge and led other US stocks to plummet by 1,000 points!
Cuco was still giving a thank-you speech on stage, but the actual performance of iPhone 14 directly extinguished the optimism that the U.S. stock market had finally cultivated.
Pingguo's stock plunged, and its market value evaporated by about US$100 billion!
Qualcomm's stock plunged, and the two giants led other U.S. technology concept stocks to dive collectively. The Dow Jones Industrial Average plummeted by thousands of points, and both the S&P and Nasdaq Composite Index suffered their largest daily declines in half a year.
The market sentiment is not only panic, but also anger.
U.S. stock investors even formed an alliance overnight to prosecute Pingguo for as many as 15 crimes, including embezzling R&D funds and manipulating stock prices.
A senior investment strategy analyst at the Bank of New York Mellon even declared in despair: "Cuco spent just half an hour today to close the door to the United States becoming great again. I think Pingguo's current situation may continue. Pingguo's current situation may continue." The plight of companies like Guo, Nvidia, and Qualcomm is no coincidence—they may have fallen behind Daxia companies substantially.”
Morgan Stanley investment strategists also expressed despair to his company’s clients: “The most surprising thing is that Pingguo’s investors seem to naively hope that Pingguo iPhone 14 will lead Pingguo out of trouble, but now The release of iPhone 14 has only increased Pingguo’s dilemma.”
In addition to the losses suffered by ordinary investors, the wealthiest people in the United States have also suffered unprecedented losses.
Musk's wealth evaporated by US$6 billion, Bezos lost US$6.9 billion, Bill Gates lost US$2.8 billion, and Buffett lost US$3.2 billion. The founder of Google, Sergey, was born in a Jewish family in Moscow, the Soviet Union, and is a Russian-American Jewish entrepreneur. His wealth has dropped to less than US$100 billion.
Investors, large and small, all lost their lives. In mid-October, all major sectors of the U.S. stock market experienced a rare "annihilation" scene.
As of the close on October 16, Eastern Time, the Dow Jones Industrial Average fell 2,010.38 points, or 5.03%; the Nasdaq fell 592.47 points, or 5.86%; and the S&P 500 Index fell 241.46 points, or 6.37%.
The information technology/technology sector led the decline with a total decline of 6.98% for two consecutive days - chip component NVIDIA fell more than 9.2% and was the worst performer. The telecommunications, industrial, raw materials, and financial sectors fell at most 3.98%, and the energy sector closed down 1.07%. Minimum.
Among the Nasdaq index constituent stocks, none of the companies such as Nvidia, Marvell Technology, Microchip Technology, AMD, NXP fell, Applied Materials fell, and Micron Technology fell by more than 5%.
With leading technology stocks plummeting across the board, Tesla closed down 4.7%, falling for two consecutive days. Among the six major technology stocks of FAANMG, Google parent company Alphabet closed down 5.7%, leading the decline, Amazon fell nearly 5.16%, Netflix fell nearly 5.5%, and Facebook parent company Meta fell nearly 5.5%, all of which gave up the gains made some time ago.
October seventeenth.
According to foreign media reports, a person familiar with the matter revealed that Uncle Sam's judicial department will launch an antitrust lawsuit against Pingguo. Lawyers are in the early stages of drafting a lawsuit, indicating that a protracted investigation has reached a critical point and the lawsuit may It will be coming soon, the exact time has not yet been determined.
"The U.S. Department of Justice has been investigating Pinguo since 2019, accusing it of abusing its market power to strangle smaller technology companies, including app developers and hardware manufacturers. According to the person, the Justice Department is now considering filing a lawsuit The lawsuit is not just about the payment system controlled by Pingguo and the high commissions that make software developers angry.”
Although it is said to be an antitrust investigation, who doesn't know that it is a drunkard's intention?
Pingguo performed a bad show, dragging the entire U.S. stock market, which had finally climbed out of the abyss, once again into the abyss of plummeting.
This kind of behavior of pig teammates will naturally be criticized by Uncle Sam and the capital behind it.
Even because Jiuzhou Entertainment Platform is now promoted overseas more than in the previous two years, the number of user registrations and activity has improved qualitatively. Many of these overseas consumers have seen Xiawei MATE 70J, which has led to companies such as Pingguo It has become very difficult to rely on the media and self-media to control public opinion and trap users in the Pingguo ecosystem as before.
After all, if it doesn't work, you can still brush the Gonggong system to make the transition...
At this time when Western technology stocks and manufacturing industries are being made extremely uncomfortable by large-scale enterprises, Ford Motor Co., which was once "cost-conscious", cannot withstand the financial pressure and begins to continue to intensify its efforts to economize on food and clothing.
Ford Motor Company executives confirmed that they will cut about 5,000 jobs in the United States, Canada and India, of which 3,500 are full-time employees with fixed salaries and the remaining 1,500 are contract workers.
Ford Executive Chairman Bill Ford and CEO Jim Farley wrote in a letter to employees: "Faced with the new crisis, we need to realign resources, and our cost structure is not as good as that of traditional and new competitors." Competitiveness."
In short, Ford's top management has reached a consensus that it is necessary to continue to save costs and lay off employees.
Especially since the beginning of this year, Western semiconductor companies such as Hanxing Electronics have encountered various situations that have led to chip shortages, and the rapid development of Daxia Auto has led to the absorption of raw materials that were once exported cheaply by Daxia Auto, and the rise in external sales prices, Uncle Sam's global release of money has led to global inflation, etc., which has put pressure on the global automotive industry including Ford.
Of course, there is also the reason that Ford's investment failed and lost $8 billion in just one year.
So cutting costs and making the financial statements look good again has become a top priority.
And this is not the first time Ford has done this.
In May 2019, it announced a global layoff of 7,000 people.
In June 2019, it announced again that it would lay off 12,000 people in Europe and close or sell 6 European factories.
In September 2020, it announced a layoff of 1,400 employees in North America.
In January 2021, it announced the closure of three Brazilian factories, affecting 5,000 workers.
In September 2021, it was announced that it would stop producing cars in India and close two Indian factories, laying off about 4,000 people.
In March 2022, it was officially announced that the automotive business would be split, with fuel-powered cars and electric new energy cars separated, and each would be responsible for its own profits and losses.
In 2022, Ford's losses in the four quarters combined exceeded 10 billion yuan. Not only did it cut the research and development of many new car series, but it also broke out in many scandals.
From 2022 to 2023, it was not just Ford that was so "tragic".
Stellantis Group, an automaker and travel solution provider formed by the merger of PSA Group and Fiat Chrysler Group with a 50:50 equity ratio, not only announced that it would lay off employees at the Sterling Heights Stamping Plant in North America, but also reached an agreement with the Italian trade union to lay off 2,530 employees in Italy.
The plight of companies in the European and American markets has intensified, and car companies have started a new round of layoffs.
Seeking financing and loans, reducing salaries for all employees, drawing big pictures to find a track, blowing concepts to talk about environmental protection, seeking high-quality spokespersons at high prices, corporate gossip... After all these tricks have been used, the market feedback still has not improved, and in the end, the only way to use capital to make financial statements is to lay off employees.
Western car companies are in such a difficult situation, and Japanese companies such as Nissan, Honda, and Toyota are even more uncomfortable.
These Japanese car companies began to announce layoffs in branches around the world as early as 1022, with a total of more than 41,000 layoffs.
As one of the largest parts manufacturers in Germany, ZF plans to lay off 15,000 employees in the next five years.
It was when so many layoff news broke out in October that ordinary people surfing the Internet around the world discovered that, unknowingly, several major car brands and parts manufacturers in the old automotive powers of the United States, Germany, France, Britain, Korea, and Japan have actually had large-scale layoff plans in the past two years.
Brands such as Germany's BMW Group, Britain's Bentley, McLaren, Aston Martin, Sweden's Volvo and Scania were all "unspared".
It's simply a spectacle.
After persisting for so many years, Western technology companies and manufacturing industries have not been defeated by the 2008 global financial crisis, nor by the carbon-based chips developed by Jiuzhou Semiconductor.
But after the Pingguo iPhone 14 suffered a Waterloo, the media reported the tragic experience of these years one after another.
For a time, everyone in Western public opinion was in danger. In order to protect their own property, the rich either frantically bought gold and other rare metals that are value-preserving and have industrial value, or were thinking about where to put their funds for refuge.
There are so many companies in the world that are not doing well, so where did consumers' consumption go?
Daxia Enterprises!
And under the propaganda of Western media, which is sometimes there and sometimes not, or even called by name, the people unknowingly accepted such a concept.
Daxia Enterprises are snatching their jobs and resources...
Some of the rich, middle-class and social elites go with the flow, while others begin to frequently inquire about the relevant information of Daxia Enterprises.
The Daxia Mandarin teaching class, which became popular in the past two years, has become even more popular abroad.
Even in countries such as the United States, Germany and the Bear, there are already large-scale foreign language education chains that specialize in teaching Daxia Mandarin listening, speaking, reading and writing.
Due to the explosive increase in customers in a short period of time, many foreign language students in Daxia "had to" take high salaries and become Daxia Mandarin lecturers abroad.
And Daxia's Mandarin exam also "had to" increase the difficulty of the exam due to the surge in the number of applicants, resulting in many foreigners who want to obtain a better Mandarin level. The time and energy required has increased a lot.
But even so, these foreigners who have not taken the exam still choose to bite the bullet and take the second, third, or even fourth exam.
Daxia Xishu, Rongcheng Xinke District, Jiuzhou Technology
"Mr. Zhang, I'm sorry, our company cannot agree to your request. If your company insists on being the exclusive supplier of Pingguo, then our Jiuzhou Technology Company will choose to withdraw its shares and take back the technology license."
"Mr. Luo, Jiuzhou Alliance is a cooperative organization. We will not force or control your business projects. If your company wants to provide sealants to Pingguo, you can provide products developed by your company with independent intellectual property rights.
Our company will not pursue your company's legal issues, but if you want to provide products with our technology license to companies on the list such as Pingguo, NVIDIA, and Intel, then our company will withdraw the technology license and take legal measures according to the contract. "
"Director Jim?
Yes, this is the President's Office of Jiuzhou Technology.
We have passed your cooperation request on behalf of Pingguo to the company's senior management, and the senior management meeting has also reached a result.
Since our company is currently gradually divesting and integrating some manufacturing and service businesses, we can only supply orders that have been signed by previous partners, and we cannot supply your company in a short time.
In addition, your company is not on our first-level cooperation list, so your company cannot obtain products with more than 30% of our technology licenses. I hope your company will be aware of this. ”
Recently, every department of Jiuzhou Technology has been very busy, but if you want to choose a department with the largest increase in business, it must be the President's Office of Jiuzhou Technology.
People from all over the world, speaking all kinds of languages and with all kinds of identities are looking for cooperation.
Later, the staff of the President's Office of Jiuzhou Technology were too lazy to make any friendly explanations, and they would only use their native language when talking on the phone.
If the other party has a translator, then they can continue to talk.
If the other party does not have a translator, or even a translation software, then they can only accept the service of the intelligent customer service after a "beep".
Every day, tens of thousands of Things need to be handled, so Yuan Sheng, who was the assistant to the president, also needs to help the president's office with some affairs from time to time.
There is no way. Once the boss enters the R&D base, he completely lets himself go and there is no way to communicate at any time.
What is Gu Qing busy with at this time?
After the meeting in the Titanium Star Department, he followed several projects and made a few "insignificant" small suggestions. Then, Boss Gu settled in the semiconductor department of Jiuzhou Technology.
"Silicon-based and carbon-based are both material bases. We have the help of graphene materials, so we can achieve a two-step strategy of silicon-based semiconductors and carbon-based semiconductors.
But in the end, we still have to focus on quantum chips and quantum communications."
Gu Qing's fingers flew on the blackboard, writing and drawing, and he didn't stop talking.
"In the last century, physicists discovered the magical counterintuitive rules that govern the subatomic world, and the quantum world fascinated countless people.
At the same time, our biomedical scientists' understanding of the working principles of the brain is also advancing with the times.
But in the new century, even though our scientists have been able to edit genes, the problems between quantum physics and cognitive science are still like castles in the air, with only a few rules or phenomena that we can recognize. "
PS: I won't write about the dynamics of Ford and other manufacturing giants in such a long article in the future.
Conclude the plot, good night.
Oh, by the way, a word is a string of letters and only counts as one character. Most of the repeated dates and times used in this chapter will not be counted.
The codeword software shows more than 4,200 words, but after uploading, the starting point shows exactly 4,000.