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   Chapter 527 Sharpening the knife

There is no road in the world. As many people walk, there will naturally be a road. The same is true in the electronic payment industry. Before PayPal appeared, no one cared about electronic payment, but now, countless people have begun to regard this industry as a It's a sweet pastry.

   Silicon Valley Internet companies, venture capital, and Wall Street investment banks began to enter the market one after another, all wanting to take a share of the electronic payment.

Internet companies, especially Yahoo and AOL, which are interested in e-commerce, do not want to let their payment systems be controlled by others. Yahoo now has a bit of Internet hegemony thinking, and wants to convert tens of millions of users who visit its websites around the world every day into instant messaging, e-commerce, etc.

   Unlike Song Yang's side, instant messaging, e-commerce, games, etc. are all separate investments in different companies, while Yahoo has only one sentence, all of them!

  As long as it is an Internet business, Yahoo wants it all, which is much more ferocious than Netscape, or it can be said that Wall Street behind Yahoo wants to give Yahoo more concepts to keep raising its stock price.

  The concept of electronic payment, Yahoo is naturally impossible to miss, starting to pay with dotBank, it is a matter of eye contact, other payment platforms are basically the same, and they all start to look for backers.

Wait until dotBank, X.com pay, etc., and raise US dollars. If nothing else, the money-burning war in the electronic payment industry will be more tragic. More money will be sent to users. In order to compete for users, it will continue to burn money. Burn it clean, and this US knife war will not end.

   After all, as long as PayPal is taken down and replaced, it can replace PayPal. Think about it, a giant company with a valuation of tens of billions of dollars, who doesn’t want to get it?

   For this, let alone burning $100 million, even if it is one billion or two billion dollars, it is estimated that venture capitalists in Silicon Valley and some banks on Wall Street are willing to do it.

But PayPal is not afraid of the challenges of these imitators. Although it does not dare to use the famous saying of the NBA bird Bird, "Are you here to compete for the runner-up?" Still the biggest.

  The Matthew effect of the Internet is what makes latecomers the most desperate. As long as PayPal can maintain its advantage, more and more users will enter the PayPal platform.

   After all, users use electronic payment to transfer money and trade with each other. Just like there are too few users on the dotBank platform, and there are even no overseas users, those merchants who engage in cross-border trade use this to transfer money to ghosts.

The more money is being burned now, the more money is being burned to attract users, and when the tide of the Internet recedes, it is time to wait for death. …

   Just as dotBank, PayMe, X.com and other payment platforms are trying to raise money, and then fight with PayPal, news suddenly began to spread in the banking industry.

On the New York Stock Exchange's Prosperity Bank, when the stock price was the highest, it exceeded 58 dollars, and the market value exceeded 3.7 billion dollars. At that time, the Prosperity Bank was also the most beautiful boy. , many American investors regard it as a model of value investing.

   Even Wall Street analysts once gave Prosperity Bank an estimate, thinking that it may become a bank with a market value of more than 10 billion US dollars, which is quite good for small and medium-sized banks.

   However, these are just yesterday's yellow flowers. In just two or three months, the share price of Prosperity Bank has been cut in half and then cut in half, from the previous $58, all the way down to $17.

  John Harder stood in the trading floor of the New York Stock Exchange, looking deadly at the Prosperity Bank code on the trading screen. The stock price on it was 11 dollars.

   As soon as the market opened today, there was no accident. Prosperity Bank’s stock was cut in half again. Harder, who is 50 years old this year, is approaching the age of retirement. He is also an individual investor and bought a lot of stocks.

  Hard buys stocks with low risk and high dividends, from banking, oil, natural gas, insurance and other industries. Over the years, he has also earned some US dollars through dividends.

   But what John Harder didn't expect was that people are unreliable these days, and stocks are also unreliable. Bank stocks, which have always been stable, are about to fall back to the same as ten years ago in a few months.

  John Harder just wanted some dividends from bank stocks, but the other party wanted his capital...

When PayPal was first launched, John Harder believed in the words of the small and medium-sized banks, thinking that PayPal was just a little trouble, and he dared to grab food from Wall Street and banks. .

John Harder also based on his "experience" that no one dared to challenge banks in the past. As a result, the losers all jumped off the San Francisco bridge, so faced with falling bank stocks, especially Prospe, which is the most affected For Riti stock, Hader took out his savings and pensions, and was ready to make a fortune.

  If he wins the bet, then Hader will have his whereabouts for the rest of his life, and he doesn't need to worry about pension issues anymore. As long as he can fight back a few times in his life, Hader will be a stud.

  The result is the current situation. He invested more than half a million dollars to buy Prosperity Bank shares, and now there is only a fraction left.

   In the blink of an eye, John Harder saw the share price of Prosperity Bank, which plunged from $11 to $8.

Seeing this scene, John Hader's heart was "undisturbed", otherwise what could he do? A few days ago, he followed a lot of things that bought this stuff, and ran to Wall Street Avenue to protest for a circle, and also asked Lawyers are going to sue Prosperetti for bank fraud, and the media reports.

   But it doesn’t change anything. Even if the lawsuit is won, what if it’s already reported that Prosperity Bank is about to go bankrupt and delist from the market. When the lawsuit is won, it is estimated that they won’t get a penny.

As for selling the stock in his hands, John Harder felt that it was unnecessary. Anyway, he felt that today, the stock price of Prosperity Bank may fall below a dollar, and it may not be enough to pay taxes. and fees.

He took another look and saw that the stock price fell again. John Harder finally couldn't help it. He turned around and prepared to walk to the rooftop. The savings were gone, and he still owed a lot of debt. He felt that there was no need for retirement. I am afraid that I will suffer more when I am alive.

   He walked towards the corridor in a daze, and John Harder, who was about to climb the rooftop, just opened the door of the corridor when he heard a sudden exclamation from the trading floor.

  When John Hader didn't want to look back, he could not help but look back at the growing movement behind him, and then his eyes widened, he suspected that he was wrong.

   rubbed his eyes and looked again, Harder was finally sure and didn't look over his eyes. Prosperity Bank, which was about to fall to the bottom just now, suddenly began to rise in stock price!

   (end of this chapter)