My Dad Is The Richest Man In The City

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After three hours, PayPal users can use it normally.

This is a fatal blow to PayPal!

More importantly, during these three hours, the user information and data have not been recovered after being lost, and no reply has been received.

This means that...the money in the user's account may disappear for no reason.

This batch of missing information involves approximately 3,000 users, involving an amount of approximately US$1 million.

Although the money is not much, the real loss to PayPal is reputation!

By 9 a.m., six hours had passed since hackers attacked PayPal, but user data still had not been repaired.

This incident was quickly exposed, causing many users to lose confidence in Paypal and believe that Paypal is unsafe.

Who knows that WeChat is now bombarded with security!

When the U.S. stock market opened, PayPal's share price plummeted 15%, evaporating US$9.3 billion and nearly US$10 billion in an instant.

Paypal immediately held a press conference to explain the matter and claimed that it would resolve the matter as soon as possible, but it was still of no use. 07 In short, Paypal's stock price could not stop falling.

You know, after the rapid rise of WeChat Pay, Paypal's stock price has been holding on. The reason why it has not fallen is that Paypal is working hard and promoting it, and at the same time it is entering the mobile payment market.

At the same time, WeChat happened to have another scandal involving users’ credit cards being stolen and swiped, which made everyone think that WeChat’s user base would decline.

However, WeChat has already investigated the user’s credit card fraud scandal, causing Meiyi and Merrill Lynch to suffer heavy losses. Secondly, Umbrella launched a ‘security summit’, which increased WeChat’s popularity by several levels, and everyone’s security level was well known!

According to incomplete statistics, after the Umbrella Company held the "Security Summit", the number of users binding bank cards and credit cards to WeChat Pay increased by 100 million!

Moreover, WeChat users have exceeded 920 million, which poses a great threat to Paypal!

The hacker attack on PayPal was just a trigger, causing PayPal's stock price to plummet. Before, PayPal wanted to enter the mobile payment market, but now it seems that it was in vain.

In the United States, with the popularity of WeChat and the scandal of user data loss in Paypal, no one will choose to use Paypal.

Investment banks such as Citigroup and Goldman Sachs have lowered their "buy" rating to "moderate underweight" on PayPal. It can also be seen from this that a lower share price of PayPal is inevitable.

At this time, how could Lin Yu step in?

At ten o'clock, Umbrella's U.S. branch joined forces with JPMorgan Chase, Citibank, Goldman Sachs, Morgan Stanley, UBS, HSBC, BNP Paribas, etc. to announce its entry into the field of international trade payments.

Users around the world can use WeChat Pay to settle international trade, which is safer, faster and understands you better!

Originally, PayPal focused on the field of international trade settlement. Before WeChat appeared, the usage rate of mobile payment in the United States was less than 14%.

When WeChat opened up the US mobile payment market, PayPal wanted to occupy WeChat and open up the market, and even couldn't help but hack WeChat.

Now it is a waste of money. Not only has the mobile payment market not been captured, but it has made itself miserable and provoked such a powerful enemy.

There are currently over 900 million WeChat users. No matter which platform it is, no one will refuse such a payment tool, and no bank will refuse to cooperate with WeChat.

So paypal is loaded this time!

"Damn! Damn Umbrella Company!!"

PayPal CEO Schulman was so angry that he almost dropped his coffee cup when he heard that WeChat, a subsidiary of the umbrella company, was entering the international trade computing business.

"It must have been done by the Umbrella Company!!"

Regarding this hacker attack, it is impossible to find out who did it. Now that WeChat has entered the field of Paypal, Schulman feels that the umbrella company must have been responsible for the hacker attack on Paypal this time.

But without evidence, there is simply no way.

But without evidence, it doesn’t mean you can’t hack WeChat and umbrella companies!

As a result, WeChat has just announced cooperation with several major international banks to enter the field of international trade settlement, bringing better, faster, and more convenient services to all users.

Some people on the Internet claimed that the hacker attack on PayPal was actually caused by the umbrella company.

In response to this, during the Q&A session after Lin Yu’s press conference, someone remembered to ask Lin Yu what he thought of this?

Lin Yu said directly: "This kind of thing requires evidence, otherwise it is slander..."

But there is no evidence. If there was evidence, Paypal would have sued the umbrella company long ago.

After the Umbrella Company's press conference, WeChat completed the update and launched the international trade settlement function. It currently supports settlement in currencies such as US dollars, Canadian dollars, euros, pounds, Australian dollars, Japanese yen, and other currencies are being negotiated. I believe It won't be long before it gets expanded.

Regarding PayPal, it will not end like this.

It quickly broke out on the Internet that WeChat users' credit cards were stolen. In fact, PayPal was deliberately discrediting WeChat in order to contain WeChat and occupy the WeChat payment market.

This incident once again involved the two previous WeChat users, two banks, and even people from the Security Bureau.

There is evidence for this revelation!

And the person who broke the news was a gossip news magazine. He usually likes to reveal some shady information. Unexpectedly, he actually got such shady information this time?

Obviously, someone is deliberately suppressing the share price of PayPal!

Sure enough, PayPal's stock price was shorted and fell sharply again, which couldn't be stopped at all.

The stock price, which was originally slightly stable, fell again under this news. At the same time, under the short selling by capital giants, it was impossible to listen to it.

In order to increase the stock price, people from Paypal can only invest money to increase the stock price!

It can be said that this time PayPal (PayPal) lost money to my grandma’s house!

Lin Yu finished the press conference and returned to the company office.

At this moment, Li Yun was turning on her computer to observe the stock market conditions of PayPal.

"Paypal invested a lot of money, which pushed up the stock price!" Li Yun saw that Paypal's valuation had stabilized, but 5 billion US dollars had still evaporated.

"How much money did we make this time?"

Lin Yu bent down slightly and put his head on Li Yun's shoulder, feeling a faint fragrance and feeling dizzy.

The corner of Li Yun's mouth curled up: "I have to ask the Red Queen, she is handling this, but there must be a lot of it!"

"$2 billion!"

On the watch on Li Yun's right hand, the holographic projection of the Red Queen spoke.

From the opening to the present, PayPal has dropped more than 20%, evaporating more than 12.5 billion U.S. dollars. So far, the market value of PayPal has shrunk from 62.7 billion U.S. dollars to 53 billion U.S. dollars. The lowest point is only 50 billion US dollars.

To raise it to this point and stabilize the stock price [Paypal paid billions of dollars.

The hacker who attacked PayPal's data center this time was indeed the Red Queen. It can be said that all this was driven by the umbrella company behind the scenes.

However, there are many capital predators in the entire market. Everyone knows that PayPal’s stock market will take a dive, and there are too many people telling it that the popular queen can earn 2 billion US dollars, which is also due to the power of her artificial intelligence!