Happy Tycoon

The dot-com bubble that started in the last decade of the 20th century was not only a feast for investors, but also a tragedy that had been brewing for many years.

In 1993, the NCSA organization of the University of Illinois at Urbana in Illinois, USA published Mosaic, the first widely used web browser in Internet history.

The Alpha version of the first version of Mosaic released in January 1993 can only be executed on the X Window system, and it did not support operating systems such as Macintosh and Windows until September of the same year.

At this time, Mark Anderson, the core figure in the development of the Mosaic browser, and Jim Clark, the founder of Silicon Graphics, saw the broad prospects of the Mosaic browser, so the two worked together on April 4, 1994, in the United States. Established Mosaic Communication Corporation in California

However, after the Mosaic company was established, because the NCSA organization of the University of Illinois in the United States owned the trademark copyright of Mosaic, and the University of Illinois had transferred the technology to Telescope Entertainment, the Mosaic company development team had to completely rewrite the browser code.

On October 13, 1994, the browser Mosaic Netscape 0.9 developed by the company was released. Although it was still a beta version, the browser was a major success and became the most popular browser at that time. On November 14, 1994, in order to avoid trademark ownership issues with NCSA, Mosaic changed its name to Netscape Communications, and this browser was also renamed to the famous Netscape Browser.

Before the success of Microsoft's IE browser, Netscape browser was the most popular browser on the Internet at that time. Although this browser and even Netscape eventually disappeared in the long river of history, no one can deny that Mosaic browser has a great influence on Internet development. Great contribution of the Internet.

In fact, with the emergence of the Mosaic browser and the World Wide Web, the Internet began to attract public attention and allowed the Internet to truly enter thousands of households. By 1996, a public website had become a necessity for most public companies in the United States.

In the initial stage of the formation of the Internet market, people only saw the characteristics of the Internet such as free publishing and real-time global information. It's fully turned on.

These new concepts have fascinated many young talents, who believe that this new Internet-based business model will rise, and expect to be the first to make money with the new model.

This is the fundamental driving force behind the original Internet market!

An emerging market will inevitably attract the attention of investors, and due to the rise of new concepts, the stock prices of Internet companies have skyrocketed. Those investors who invested in Internet companies at the beginning have gained huge benefits, which is even more attractive. investor behavior.

Moreover, the immaturity of the Internet market at this time has led to the fact that even if an Internet company has only one concept, it can attract the attention of many investors. Therefore, when more and more concepts appear, it is naturally difficult for the Internet market to become popular. avoided.

Therefore, with the success of a series of Internet companies such as Netscape and Yahoo, as well as the rapid expansion of established IT companies such as Microsoft, Oracle, and Cisco, the Internet market in the United States began to develop beyond the norm since 1995. In just six years, the entire Internet market has grown from scratch, and finally formed a huge market with a market value of up to 5 trillion U.S. dollars in just six years. In a short period of time, it soared from only a few hundred points to a maximum of 5132.52 points!

The rapid rise of the Internet market has made this emerging market, which has not experienced any market tests, sought after by many people. Following this, the market value of those Internet companies has soared, and the owners of those Internet companies will inevitably feel their hearts swell.

For the owners of these Internet companies, the pursuit of many investors has made their net worth skyrocket as if they were blown out. This is no different from Chafu.

As a result, the mentality of these Internet business owners who got rich overnight just by relying on an idea or concept inevitably changed. The money came so easily, why not spend it vigorously?

As a result, many Internet companies have begun to spend extravagantly in their internal expenses, such as carefully customizing commercial facilities, providing luxurious vacations for employees, and so on.

The most important thing is that most of these Internet companies pay their executives and employees stock options instead of cash, so when the company IPOs, these executives and employees immediately become millionaires. And a good portion of those people will invest their newfound wealth in more dot-com companies.

This formed a snowball-like situation, which eventually led to the snowball getting bigger and bigger, forming a huge market with a market value of up to 5 trillion US dollars in just six years.

However, it is not actual performance that supports such a large market, but one after another incredible ideas or concepts. In other words, under such a big market, as long as you can come up with a concept that is popular, you will immediately become a billionaire!

This is equivalent to investors using concepts to build a skyscraper. Although this skyscraper is tall, beautiful and majestic, its foundation is made of sand and cannot withstand any vibrations at all. Once there is a slight shock in the market, the building will immediately collapse.

However, investors who have lost their eyes and minds by the popularity of the Internet market can't see this danger at all, or they can see it, but they subconsciously don't want to believe it is true.

Therefore, on March 13, 2000, an inadvertent coincidence caused a shock, and then this shock was driven by other inadvertent shocks, and finally evolved into a very short period of time. A powerful earthquake wave that was strong enough to overturn this building finally collapsed this seemingly beautiful building in an instant!

On March 10, 2000, the last trading day of the second week of March for U.S. stocks, the Nasdaq index was still extremely hot on this day. It finally closed at 5048.62 points, but many investors are still optimistic about the Nasdaq.

Then, after a two-day break on Saturday and Sunday, on the morning of March 13, Nasdaq opened as usual, but on this day, the leaders of high-tech companies Cisco, Oracle, Microsoft, Yahoo, Dell, etc. The shares of companies such as the United States have encountered a large number of selling orders. Of course, this sudden selling order is likely to be some investors selling at a profit, but they all happened to be together, so on this day, the Nasdaq fell by 259 points unbelievably, a drop of more than 4%.

At the same time, many Internet companies have published their annual reports for last year, and these annual reports have reflected an unavoidable failure, that is, during the Christmas period of 1999, the sales of many Internet companies did not reach the expected figures. .

The annual report and the sudden sell-off immediately triggered a series of chain reactions. In fact, the Internet market has developed to the present, and many organizations have seen the dangers.

Then, this inadvertent shock immediately caused many investment institutions and various funds to start liquidating one after another, which led to an avalanche-like collapse.

In just six days, the Nasdaq plummeted 900 points!

The bursting of the Internet market bubble has exploded irresistibly!

In the end, this big crash lasted from March 2000 to October 2002, which lasted for 31 months, and the Nasdaq also fell from the highest point of 5132 points to 1108 points!

In two and a half years, the Nasdaq lost 80% of its value! $4 trillion in market capitalization has been wiped out of the internet market.

In those two years, the entire Internet market was like the song Bubble sung by Deng Ziqi - it was all bubbles

For a speculative giant like KY Investment Fund, wouldn't it be a waste of money to let go of such a good market and such a gluttonous feast?

Therefore, Yang Jing is back, and he is going to sit here and fire the first shot of KY Investment Fund's attack on the Internet bubble!