Victory in Life
Chapter 175
"Doesn't that mean the people who started investing on the internet are now screwed up?" ask Henry.
Jasper thought about how the dot com bubble appeared in his past life and how many people in Harbor City went bankrupt overnight, turning to suicide by jumping off buildings.
Some people even said that the ground in front of every tall building in Harbor City was covered with blood afterwards.
Others said that when police handled the suicide by jumping, others would jump off the building before the bodies underneath could even be moved
It was a heart-wrenching sight.
"I think they dug their own graves" Jasper answered clearly.
"The United States currently leads the western capital because their economy is overheating and their borrowing interest is low. It urges investors to put money into the stock market, so there is a large amount of liquid funds there. Business financial statements look good too."
“Internet industry in particular. There is a two-to-five-fold guaranteed return once it enters the stock market, leaving analysts, investors, entrepreneurs, venture capital, and banks in a frenzy."
A message appeared on the computer as Jasper spoke.
"That's KK."
"A message from Jack."
Having worked in Waresoft's internal management for many years, it's no surprise that Jack can get to know Waresoft's news before the rest of the world.
From what Jasper remembers about his past life, two iconic incidents signify the bursting of the dot com bubble.
The first is Waresoft, the world's largest internet company, missing an antitrust lawsuit and facing a dilemma of having to close.
Although Mr. Granger has resigned and the new CEO, Thomas, overturned the verdict in the appeals court, but that is something that will happen later. Today, the latest news has greatly affected the internet stock market all over the world.
This is a fuse, a report that will directly trigger the burst of the dot Com bubble.
Barron later published an article with figures from an investigation conducted on more than 200 internet companies listed.
With these future memories, Jasper has told Jack to oversee the Waresoft antitrust lawsuit through the contacts he still has at Waresoft.
Tapping on the notification window, Jasper fell silent as he read Jack's message.
"The trial has ended in the United States and the high court ruled that Weresoft had lost the case. The verdict was passed a few minutes ago and will be announced soon. Waresoft is forced to split up!!!"
The three exclamation marks represent the emotional wave that Jack is experiencing.
As the world's largest internet company and the world's highest net worth company, Waresoft's split will no doubt greatly affect stock markets around the world.
It didn't matter that Jasper knew Waresoft would avoid the fate of parting ways because the rest of the world today didn't
Even Anna and Henry were shocked at the news
"Waresoft is splitting up? Oh God!"
Jasper glanced at the time. It should be eight in the morning in the United States by now.
According to history, the first article that instantly popped the dot com bubble around the world will be published this afternoon.
This will be followed by investors who are frightened by both headlines. Retail managers and investors will continue to pull their shares out and stock prices will plummet.
Such was fate, and no one could save him anymore.
Jasper suddenly lifted up and spoke firmly, "I need a team of the best stock traders and a really calm environment. Now too!"
Henry's scalp tingled as he felt the premonition of being in a collapsed building. It was as if there was an invisible tsunami coming right at him.
At that time, even the richest baby trust fund did not dare to play around anymore. For once, Henry's expression turned serious and he pulled out his phone.
"I'll tell Dad soon!"