Chapter 904 (1/2)

Muye technology is an absolute wonder in the American Internet market.

A company that did not take the initiative to do business in the United States at all, its products not only naturally became popular in the U.S. market, but also affected the stock prices of two NASDAQ listed companies.

For the first time, Sina and Li Mu bought hao123 and integrated it into yy123. They blocked Sina's links in yy123 and the whole YY product system, even two words Sina. They almost cut off Sina's external traffic and created a huge negative for Sina. Since then, Sina's share price has been falling continuously. After the YY online line, Sina's share price is even higher It's a terrible decline, and now it's basically one of the worst stocks on NASDAQ;

this time, Li Mu joined hands again to create a big bad news for eBay, which has a market value of more than 16 billion dollars, so that eBay's share price fell 5% at the opening.

For an enterprise with more than 16 billion US dollars, 5% of its market value is worth more than 800 million US dollars. In terms of market value, the more than 800 million US dollars evaporated.

During Meg Whitman's tenure, eBay's stock price experienced many big shocks, most of which were due to the overall depression of the industry. Few of them, like today, fell sharply simply because of problems in eBay's business.

In the stock market, Chen is a double-edged sword to eBay.

As early as in the process of eBay's acquisition, the market has received this news in advance, and in the eyes of capital and shareholders, this news is also an absolute good news. Securities companies take advantage of the good news to boost the momentum. Although eBay has not formally acquired Chen, the market has already begun to digest this good news in advance.

Before today's opening, eBay's share price actually included the part that digested the positive in advance, and the overall stock price was inflated.

This situation can be understood as the early consumption in life, just as Lao Wang's company announced that the annual bonus will be paid three months' monthly salary as the year-end bonus, which is equivalent to giving Lao Wang a huge good news. In October, Lao Wang overdrawn one and a half months' monthly salary to eat, drink and play by swiping his credit card in advance.

But at the end of the year, a week before the year-end bonus was issued, the superior suddenly announced that the company's performance this year is not good, it is possible to cancel the year-end bonus, so that everyone can be prepared psychologically.

This is a big blow to Lao Wang. If you don't say that the year-end bonus is OK, you won't overdraw at least. But because of the good news, you not only haven't paid your overdraft credit card, but also owe a lot of interest in a few months.

For eBay investors, the feeling at this moment is the same as that of Lao Wang. The positive moment turns negative. The most direct feedback the market can make is the decline.

The 5% drop at the opening was just a prelude. After the 5% drop at the opening, eBay's share price fell steadily all the way. Although the decline was steady and slow, it also brought a lot of panic to investors.

Now the only thing to be thankful for is that Makino technology and Chen have not yet announced that they have signed an agreement with each other, and the bad news has not been completely confirmed. Otherwise, once the news of eBay's missing arm with Chen is confirmed, the share price will continue to fall.

To continue to take Lao Wang as an example is to say that Lao Wang does not know whether the company will cancel the year-end bonus or not. He still holds the last hope: the company may suddenly announce that the year-end bonus will be paid as usual.

If at the end of the year, the company can't give out the year-end bonus, then Lao Wang's mood will drop to the bottom of the valley in an instant, and his loyalty to the company will be greatly reduced. If he doesn't come back after the end of the year, Lao Wang will angrily quit the job and leave the kenbi company. Similarly, eBay's investors are the same.

Now, eBay's share price is falling, but the sell-off has not started yet. If Makino technology and Chen work together successfully, eBay's share price will surely usher in a wave of sell-off. By then, the share price will fall again.

It's not enough to shake the foundation of eBay, but it's enough to make eBay pay a huge price in market value. In front of this price, Meg Whitman, the CEO, is the first to suffer.

Meg Whitman got the news of eBay's stock opening crash from getting up. She couldn't sit down for a while. At seven o'clock Western time, she called all the key people and asked them to rush to the company within half an hour for an emergency meeting.

At the same time, Meg Whitman also called Tom Anderson and asked him to meet with Peter Thiel today. He must make clear progress. If he can't get back the good news, he will bring back his resignation letter.

Just after the fire with Tom Anderson, Meg Whitman received a call from the chairman of the board of directors. As the most powerful boss behind the whole eBay, the first sentence on the phone was: ”MEG! What's the matter with you? Do you know that the media in the eastern part of the United States are reporting that Li Mu will be the enemy of eBay, and that eBay will be severely damaged by the technology of Makino in China! Don't forget, Li Mu has a Taobao net and a Alipay in her hand. If we lose the eBay, Li Mu will be very passive if Taobao is brought out to compete with Taobao.Although Li Mu knows that Taobao's real sense of globalization is as difficult as the sky, Americans are still very worried about this, because in their view, Li Mu is a magician who constantly creates miracles, and no one knows what his next magic is.

So, eBay's board of directors can't sit down for a while. For them, to hear that Mr. Chen and Mr. Makino are discussing holding shares is equivalent to hearing that their son's fiancee is going to elope with others.

And the only thing these board members can do is to put pressure on Meg Whitman to get her back anyway.