Chapter 479 [Serial stock market disaster, don't think about it if it doesn't make me better]
An executive said: "How long can he last $221.8 billion, and how much does it affect? Is there a mathematical model?"
Eric Schmidt took a sip of water, put the cup down and said, "Before he can hold on, how much scope he can affect, you should first figure out how large the funds he can actually mobilize?"
"Only $221.8 billion? No, this is just Blue Star Technology, Luo Sheng and Costa del Blue Company, at least $70 to 80 billion here. Don't forget that he has Shengfeng Capital, and it's not less than $50 billion in cash flow here, and the life science fund is close to $20 billion."
Speaking of this, Eric Schmidt added: "And there were rumors that Luo Sheng secretly shorted the North American housing market in 2007 and made a fortune and left safely. If this is true, God, God knows how many billions of dollars of wealth he has reaped? How much wealth has it added in the past years?"
Everyone present could not help but smack their lips secretly.
The rumors about Luo Sheng's short subprime mortgage crisis are no longer new news in the top financial circle. Someone even gave him a "big short" hat, but there was no conclusive evidence that he was one of the big shorts in the short subprime mortgage crisis.
So far, institutions such as SA, FBI, and some financial institutions on Wall Street have been investigating and trying to find out the truth.
If a person like Luo Sheng is likely to master a potential huge asset and become an international hot money, anyone will feel uneasy, because even the smartest people on Wall Street regard him as a shrewd person. Such an evaluation is enough to see through the leopard.
Sergei Brin sighed: "Even if he did not short the subprime mortgage crisis, the cash reserves that he could now be confirmed on the surface have exceeded 300 billion US dollars. God, how could he have so much wealth control ability?"
After learning this news, Google was a little depressed and had to take one step at a time. Now, the top priority is to split and reorganize the company.
...
As the saying goes, blessings are unparalleled, misfortunes never come in singularity, and a series of bad news continues to slump the confidence of the stock market, causing a series of stock market crashes to continue.
News that Bluestar Technology announced that cloud computing service fees were reduced by 30%, and that the overall service fees of the group company were reduced to 22.3%. This strategy of giving benefits to the customer base to enhance Bluestar Technology's international competitiveness was a further blow to the company's own revenue and profits. This is bad news for Wall Street and investors.
Affected by this news, the market value of Bluestar Technology Group evaporated by another US$145 billion, and its market value plummeted to US$735.22 billion, and its market value was cut by half again.
Countless investors who have suffered a series of stock market crashes were heartbroken after seeing it.
History always has amazing similarities, and Bluestar Technology's stock has once again staged a panic selling.
There is no good news, bad news is coming one after another, and this is not the last one.
Then again, another bad news gave the market a critical damage.
Blackstone Group, which has the title of risk control master in the asset management industry and the king of risk control, also known as BlackRock Group, published a "Blue Star Technology Risk Assessment Report". The report even worsened the market's panic surge.
Why does a Blackstone Group, a company with a market value of less than US$70 billion, have such a strong influence?
In a sense, market value is very important to a company, but sometimes it really doesn't make much sense.
In the financial circle, Blackstone manages funds that exceed the total amount of GDP in Japan, and its asset scale has almost no rivals in the asset management industry, and even exceeds many famous banks and insurance companies.
Blackstone is one of their largest single shareholders, including Apple, McDonald's, Shell, and Bluestar Technology.
Blackstone is a buyer company, or a technology company, and the king of risk control. In the subprime mortgage crisis, it not only escaped unsuccessfully, but also played the role of saving the market. Last year, the explosion of Blue Star Technology Group triggered the "Black Swan" incident. Blackstone once again escaped unsuccessfully and played the role of saving the market, becoming the "Shadow Eggshang". The highly conscientious mergers and acquisitions have made it the dominant position in the asset management industry.
It can be seen how powerful the evaluation report issued by Blackstone Group has.
The report said that the North American market is the largest single source of revenue market in Bluestar Technology Group, accounting for as much as 35% of its annual revenue. Last year, Bluestar Technology's revenue only swept away an astronomical figure of US$71.08 billion.
Blackstone Group's risk assessment report on Bluestar Technology Group is that due to this incident, Bluestar Technology's revenue in the North American market will be reduced to only about US$15 billion this year, which means that the impact brought by the North American market alone will make Bluestar Technology less profitable by US$56 billion.
But this is not the most serious. According to Blackstone's assessment report, Bluestar Technology still has higher unknown risks. Canada, Australia, the United Kingdom, and New Zealand are very likely to follow suit and implement a cooperation ban on Bluestar Technology, and even the eurozone has certain potential for follow-up.
The final conclusion of Blackstone's risk assessment is that Bluestar Technology Group's revenue this year will be halved, with only $95 billion, and its annual net profit will drop from $72 billion to $26.6 billion.
Investors are almost desperate when such a report is published.
But many people have ignored one thing: even though revenue and profit both hit hard, the net profit of US$26.6 billion ranked among the top five in the world, and it is still one of the most profitable companies in the world.
Who makes Blue Star Technology so big now incredible?
But humans are creatures that cannot be satisfied.
The release of an article made the market value of Blue Star Technology evaporate by more than US$175.6 billion again. Its current market value has fallen below US$559.62 billion, and is about to fall below the red line of the last explosion.
The domestic melon-eating crowd was stunned. Seeing that the market value of Blue Star Technology fell by hundreds of billions at every turn, it was so frightening.
Chapter completed!