Chapter 682 (1/2)
Instagram website went down on July 26, which proved to be a blessing in disguise.
No matter how many media with all kinds of complex emotions or ridicule or ridicule Simon's forced support of the vase around him, the result is that instagram's exposure on the mainstream media has increased significantly, and the number of users registered on the website has soared in the next few days.
From 9:00 a.m. on July 22 to 9:00 a.m. on July 29, the total number of registered users of instagram reached 3.79 million in one week, far exceeding the expectations of millions of users in the first week of instagram's website launch.
In addition, the rapid popularity of instagram website has directly driven the sales of digital camera products.
Just the ICAM series of tincobail company, the month on month sales in the past week increased by 46%, directly from 150000 units in the previous week to a record of 220000 units in a single week. Many retailers even ran out of stock due to insufficient stock.
Simon sent an e-mail to several igritte executives to remind them of the importance of the product ecosystem.
However, instagram's success has brought a small side effect.
July 29, Friday.
At 10 a.m. on the east coast, the U.S. Department of justice officially held a press conference, announcing that it would launch an anti-monopoly investigation against Cisco, AOL and igrit at the same time.
In the Q & a session, instagram was specially mentioned as evidence of westrow's monopoly of Internet resources.
Simon was in New York this day, watching the Justice Department press conference for 40 minutes, and got more than 60 pages of investigation documents ahead of time.
The main clauses involved in the anti-monopoly investigation by the Ministry of justice include igritte's use of its market advantages in network business to force customers to bundle application software, ie's monopoly on Internet interface to restrict competition, AOL's suspected monopoly of the market by signing exclusive agreements, and AOL's malicious discrimination against small businesses in network support Cisco set Internet standards by connecting with AOL and igritte to eliminate competition, etc.
Attorney General Janet Renault told the media on the scene that the goal of the anti-monopoly investigation is to prevent the three companies, Cisco AOL igrit, from monopolizing the Internet industry resources.
In order to achieve this goal, the Department of justice will eventually force strow to abandon the multiple ownership structure of Cisco and AOL, and prevent the executives of the three companies from serving as directors of the board of directors among the enterprises, so as to cut off the close interest relationship among the three companies, and split part of the businesses or products of the three companies.
At the beginning of the IPO of Cisco and AOL, in order to promote the communication between the three companies and control the power in the hands of westero system, Simon let the executives of the three companies act as the board directors of each company.
This move is obviously inappropriate.
As the federal government and various media calls for antitrust investigations on the three companies are growing, Simon has let Tim Berners Lee, John Chambers, Steve Case and others withdraw from each other's boards of directors in advance.
In fact, the Ministry of justice has achieved an anti-monopoly goal ahead of schedule by ”bringing up the old story again”.
The press conference in the morning has just ended. Without igritte's generous opening up of the basic patents of the world wide web, vistro system will not see the current vigorous development of the Internet industry. Vistro system has no attempt to monopolize the market. The close cooperation of the three companies is just to jointly promote the development of the Internet industry.
At the end of the article, the author warned that the investigation by the Ministry of justice is likely not only not to promote the development of the Internet industry, but also to damage the enthusiasm of innovators in the field of new technology.
The capital market is always the most sensitive side.
In the past week or so, as the rumor of the anti-monopoly investigation against Cisco, AOL and igrit by the Ministry of justice has been released, the stock prices of Cisco and AOL, which have been listed on the stock market, have continued to fall.
The press conference on Friday morning has just begun. Half an hour after the opening, the stock prices of Cisco and AOL have dropped by 3.1% and 2.3% respectively. The market value of more than $3 billion has disappeared. It is expected that the stock prices of both companies will drop by more than 5% throughout the day.
Simon had a plan for that.
Since June, cersei capital's hedge fund cersei fund management company has gradually reduced the long positions of Cisco and AOL. For this reason, cersei capital also carried out a huge dividend return in early July, reducing the fund size to less than $3 billion.
Simon, of course, did not turn short.
For the sake of tax avoidance, a large part of the billions of dollars of cash back has been directly transferred to a newly established sub fund account of Heiyan asset management company, which will continue to be used for investment in technology stocks in the future.
In the next few years, the overall trend of technology stocks in the U.S. stock market is bound to be all the way up. Just because of antitrust and other reasons, the stock prices of two Internet leading stocks, Cisco and AOL, are bound to fluctuate continuously. For speculative capital that likes short-term hedging, the stocks of the two companies will undoubtedly become the best operating targets.Simon, who is inclined to non speculative long-term investment in his heart, is not going to play this roller coaster game with them.
Cersei fund management company, whose scale has been reduced again, will continue to focus on long hedging of technology stocks in the future, but it will no longer involve Cisco and AOL. Its target will turn to technology enterprises such as Microsoft, Intel, Oracle and sun, which have not been subject to anti-monopoly investigation. It may also consider that general electric and Berkshire Hathaway will also follow the US Stock market bull cycle and the arrival of a soaring traditional companies.
While responding through the media, Cisco, AOL and igritte are also expanding their legal teams to cope with the ensuing investigations and lawsuits.
This anti-monopoly investigation is bound to take a long time, so Simon didn't pay much attention to it.
In the morning, he watched the live broadcast of the press conference of the Department of justice with James Leibold and others at the headquarters of Manhattan westero company. After discussing the follow-up measures, Simon began his day's work.
The first is the North American box office data of the past box office week.
Simon is more concerned about this matter than the antitrust investigation launched today.
In fact, most of the public are not too concerned about the Department of justice's anti-monopoly investigation of the three companies in the westero system. They can see the news in the newspapers at most, and chat with people around them as a conversation after dinner.
Denise Entertainment's ”God sees a movie” boom last week was different.
Because of the continuous spread of this view, the total weekly box office in North America in the past week from July 22 to July 28 reached 187 million US dollars, an increase of 19% compared with 156 million US dollars in the previous week. According to the average ticket price of $4.20 at the present stage, it is equivalent to an additional 7 million viewers this week.
Specific box office data.
After dominating the top five at the box office last Monday, danelis entertainment gave up the top spot this week.