“Doesn’t that mean the people who are starting to invest in the internet now are screwed?” Henry asked.
Jasper thought about how the dot-com bubble had popped in his past life and how multiple people in Harbor City had gone bankrupt overnight, turning to suicide through jumping off buildings.
Some people even said that the ground in front of every high-rise in Harbor City was filled with blood afterward.
Others said that while the police dealt with a case of suicide by jumping, someone else would jump from the building before the body below could even be moved away.
It had been a heart-shuddering sight.
“I suppose they dug their own graves,” Jasper replied plainly.
“The United States currently leads the western capital since their economy is overheated and their loan interests are low. It urges investors to put money into the stock market, so there’s a large number of fluid funds there. Business’ financial statements end up looking great too.
“Especially the internet industry. There’s a guarantee of two to five times the return once it enters the stock market, so it puts analysts, investors, entrepreneurs, venture capitals, and the bank into a frenzy.”
A message popped up on the computer as Jasper spoke.
It was KK.
A message from Jack.
Having worked in Weresoft’s internal management for years, it was no surprise that Jack could get wind of Weresoft’s news before the rest of the world.
From what Jasper remembered of his past life, two iconic incidents signified the popping of the dot-com bubble.
The first being Weresoft, the world’s biggest internet company, losing its antitrust lawsuit and facing the dilemma of having to close down.
Although Mr. Granger had resigned and the new CEO, Thomas, overturned the verdict in the court of appeal, but that was something that would happen later. Right now, the current news was indeed greatly affecting the internet stock market in the entire world.
This was a fuse, a report that would directly trigger the explosion of the dot-com bubble.
Barron’s then published an article with figures from an investigation done on more than 200 listed internet companies.
It was a report that directly dried up the cash flow of internet companies, resulting in company executives going mad and cashing out their stocks. With multiple actions taking effect, many internet companies began their path toward bankruptcy and reorganization.
With these memories of the future, Jasper had told Jack to keep an eye out for Weresoft’s antitrust lawsuit through the contacts he still had in Weresoft.
Tapping on the notification window, Jasper fell silent as he read Jack’s message.
[The trial has come to an end in the United States and the high court ruled that Weresoft has lost the case. The verdict was passed a few minutes ago and it’s about to go public soon. Weresoft is being forced to split up!!!]
The three exclamation marks represented the surge of emotions Jack was currently going through.
As the world’s largest internet company and a company with the highest net worth in the world, Weresoft splitting up would undoubtedly immensely affect stock markets worldwide.
It did not matter that Jasper knew Weresoft would evade the fate of being split up as the rest of the world right now did not.
Even Anna and Henry gasped in shock at the news.
“Weresoft is being split up? Oh my God!”
Jasper glanced at the time. It should be eight a.m. over in the United States right now.
According to history, the first article directly popping the dot-com bubble worldwide would be published this afternoon.
It would be followed by investors being frightened by both major newsflashes. Managers and retail investors would proceed to pull their stocks out maddeningly and the stock prices would plummet…
Such was fate, and no one would be able to save it anymore.
Jasper suddenly shot up and spoke firmly, “I need a team of the best stock traders and an absolutely quiet environment. Right now!”
Henry’s scalp tingled as he felt the premonition of being in a toppling building. It was as if there was an invisible tsunami coming right at him.
At that moment, not even the richest trust fund babies dared to fool around anymore. For once, Henry’s expression turned solemn and he pulled out his phone.
“I’ll inform Dad right away!”
