Chapter 322: Good times, bad times (one more)

Cui Xian has forgotten, but Wei Sheng hasn't forgotten. Now the problem of Huahui still exists, and the deputy party has seen her unpleasantly another ‘reckless’, which she cannot afford.
"In the future, we will have to have less contact, both inside and outside the school are the same." Wei Sheng reminded.
"I know." Cui Xian on the side suddenly stopped.
Wei Sheng was also stunned. Looking back at him, he saw that he was standing still, looking sideways at the small woods on the side. The small woods are extremely shady and cool, and at the end is the west wall of the school. There are a few square benches in the woods. Going up is obviously for the purpose of aiming for students.
Wei Sheng also followed Cui Xian's gaze to stare at the grove, then raised his eyebrows and slowly narrowed his eyes, "You want to..."
"It's very suitable for early reading and memorizing words." Cui Xianqing's cold voice can be regarded as extinguishing the evil flame that has not yet ignited in Wei Sheng's heart, then he turned his head and looked at her calmly, "What am I thinking?"
"It's nothing." Wei Sheng turned his head and raised his chin away, jumped off the sidewalk and swayed on the pavement, trying to get a long distance from him, interrupted in his mouth, "Where to eat at night?"
"It's Weston, I heard that the famous chef of Sea S, hired by their Chinese restaurant, is delicious and open to the outside world. Many people rushed to the famous chef to have dinner." Cui Xian said as usual.
Wei Sheng turned his head to look at him immediately, and smiled bitterly, "Are you really planning to eat me?" Weston is the hotel opposite the school. On the first day of reporting to Ludao, Wei Sheng's family of three went in and asked about the accommodation price, and then moved to fight. Stay at the small hotel next door.
Wei Sheng only looked at it with his eyes. It is estimated that even if the hotel does not have a five-star license, it is still operating at this level, and the rear of the hotel is still under construction and expansion. Maybe after the expansion, it will go straight to the five-star.
She regretted asking Cui Xian now.
"It's not expensive." Cui Xianqingjun still has no expression on the face, but the eyebrows are slightly raised, but there is a clear smile in her cold eyes.
...
The period from 1995 to 2001 was the era of the Internet bubble well known in the Internet industry in later generations, also known as the speculative bubble.
In 1994, the appearance of the Mosaic browser and WorldWideWeb made the Internet begin to attract public attention.
In 1996, for most listed companies in country M, a public website has become a necessity.
In the early days, people only saw that the Internet had the characteristics of free publishing and real-time worldwide information, but gradually, people began to adapt to the two-way communication on the Internet, and started the Internet-based e-commerce and global real-time group communication.
These concepts have fascinated many young talents. They believe that this new Internet-based business model will emerge and hope to become the first people to make money with the new model.
In the past few years, the stock prices of technology and emerging Internet-related companies have risen rapidly in the stock markets of many countries in Europe, America and Asia.
Venture capitalists have witnessed a record rise in the share prices of Internet companies, so they acted faster. During 1998-99, low interest rates helped to increase the total start-up capital and created countless Internet companies.
Most of these invested entrepreneurs lack practical planning and management capabilities. Not surprisingly, the mentality of "profit growth" and the unbeaten atmosphere of the "new economy" in the West have caused some internal companies to spend a lot of money. For example, we carefully customize commercial facilities, provide luxurious holidays for employees, and so on.
Executives and employees are paid stock options instead of cash, and they immediately become millionaires when the company IPOs, and many people invest their new wealth in more online companies.
The "paranoid boss" Intel Corporation chairman Andy Grove issued a famous saying in the Internet age: "Hurry up and jump on the high-speed train of e-commerce, otherwise you will die without a place to die!"
E-commerce has become the focus of attention and hype from all walks of life around the world. It can be said that in this era when the Internet is just emerging, even in Country Z, a country with relatively late Internet development, it is a venture capitalist carrying a cash box. The era of looking for investors.
Perhaps everything is prosperous and must decline. Starting on March 10, 2000, the Internet bubble began to burst. One of the possible reasons for the collapse of many Internet companies is that a large number of high-tech stock leaders such as Cisco, Microsoft, Dell and other billion-dollar selling orders happened to appear at the same time on the morning of the first trading day after the weekend of March 10.
As a result of the selling, the NASDAQ dropped from 5038 to 4879 as soon as the market opened on March 13, a full drop of 4%. The chain reaction that triggered the sell-off was that investors, funds and institutions began to liquidate.
By 2001, most Internet companies stopped trading after they burned out their venture capital, and many hadn't even made a profit.
At this time, Wei Sheng, who was leaving the dorm alone to go to the Weston Hotel to have dinner, hung up, frowning. She did not engage in Internet-related industries in her previous life and did not understand the rise of the Internet and the process of its decline. It was little Cyril who had just told her on the phone after learning about the development of the Internet in detail with Cyril in another world.
Obviously, this is a good time and a bad time.
Some people say that this is an era when a large number of Internet companies have risen in the bubble and began to fight, until the fight is over, and a small number of "Gu Kings" dominate, but Wei Sheng, who has experienced future generations, does not view it this way. She knows that this is not one. Fighting in the field is a protracted battle, an independent protracted battle.
Internet burning money is well known. This industry requires an investment period, just like a highway, which can only be opened to traffic and charged after it is built.
Therefore, it is normal that there is no profit during the investment period. Simply put, the early stage of this industry is loss-making, but it is based on a business model that can bring excess profits.
Loss is not a characteristic, but excess profit is its characteristic.
So before the bubble burst in 2001, most companies did not have a right attitude in the early stage. Under the situation of high market prosperity, these companies abandon the standard business model and break through the bottom line of the traditional model. Those who have never even made a profit The company relied on its share of stocks to squander and squander a lot of money.
Under such circumstances, the company’s lifespan is measured by the burn rate. A company that is neither profitable nor has a viable business model has been relying on the prospect of rising stocks to attract venture capitalists to invest. This chain of funds is broken, and after squandering assets, the bubble will burst, that is, the company will fail.
Therefore, the bubble era of the Internet is not a problem with the industry model, because this industry is bound to develop in the future, reaching a peak that no industry can match. The immediate problem is that a steady stream of funds is needed for the construction and improvement of this highway. After this protracted war, it began to charge for traffic.
Thinking about this, Wei Sheng had already crossed the road and climbed the steps of the Weston Hotel.