Chapter 1056 (1/2)

On November 5, the 1996 U.S. general election vote officially opened. With Clinton's poll crushing dole for many months, everything seems calm, even affecting the people's desire to vote.

Bill Clinton won easily with 49% of the vote and 379 electoral votes.

The other two opponents, Republican Bob Dole, won only 41% of the public vote and 159 electoral votes. On the other hand, Bill Clinton got Julian Robertson to take over the information and let go. He just looked at his position and could not help frowning slightly.

- amazing plot, Ponzi scheme of Internet industry!

As a professional old wall street fund manager, Julian Robertson scoffs at this kind of article, which is suspected to be sensationalist at the first sight of the title. However, since it was sent by skeev, he still patiently read on, and then his expression became more and more serious.

Ponzi scheme, in short, is that the framers use high return and high interest rate as bait to defraud investors of their funds. At the same time, they use the funds of the latecomers to repay the principal and interest of the previous accounts, so as to cycle until they are unsustainable and fall into collapse.

In this article, skeev describes the current Internet industry as a huge Ponzi scheme.

article obviously repeated processing, no matter the case or data are all detailed, and the spearhead directed at the current most popular vistlo system three big technology giants, that the current stage of new technology bubble is CISCO, AOL and igret three companies through common public opinion and a set of similar Ponzi fraud chain of interest, will be Countless investors and ordinary users are tied up in a seemingly prosperous Internet industry chain.

In fact, the industry is worthless and will eventually collapse.

In addition to the overall conclusion, the article gives a very detailed argument and annotation. Taking igritte as an example, this company has been cheating investors and entrepreneurs who have been cheated by public opinion through its expensive monopoly business such as Internet basic tool software, cloud computing and online advertising, forming a source of income with sustained and ultra-high growth in recent years.

On the other hand, igrit has continuously attracted hundreds of millions of Internet users through portal sites, e-mail, social networks, video sites and other network services that seem free but actually consume a lot of public time, and through AOL's low-cost access fees through illegal subsidies.

In order to maintain this false prosperity, igrit has also opened up online outsourcing platforms that also rely on a large amount of Ponzi subsidies, video website advertising sharing and other payment channels that can not actually bring stable job opportunities to the society, and further cheated users to produce content for them.

The result of this Ponzi scheme is that the three companies in the westrow system now account for 20% of the total market value of NASDAQ.

Under this false prosperity, more and more start-ups are encouraged to invest in the new technology market by deception. After burning all their funds in the interest chain of the three companies in the westero system, they gradually become unsustainable. Most of the enterprises are far from getting the expected return. Only Cisco, AOL and igritte have benefited.

Julian Robertson read the whole article carefully and breathed out quietly.

Without a detailed study of the Internet industry, Robertson would almost have believed this article, which is logical and full of conspiracy theories that can easily incite public sentiment. It can be imagined that once this article is thrown out, it will definitely be a super bomb for the Internet industry, which has reached its peak and is on the verge of collapse.