Reinventing the Millennium

YIKE shares closed at $609.15 on Nasdaq on Monday.

Yike's market value is fixed at US$174.043 billion, once again surpassing Google, IBM, and Microsoft, becoming the ninth-highest market value company in the world.

Last week's short squeeze by retail investors has attracted a lot of people's attention. The weekend's Twitter paralysis, GO die being hacked, Freetrade review, Nokia's re-suing and other factors together have made people complain and conspiracy theories...

These organizations are too rogue. If they can't beat them in a head-on confrontation, they will make moves behind their backs. It's so shady!

The performance of retail investors this time has been very impressive, but it is a pity that they still have to be stabbed hard!

Yike Company is going to be strangled by forces from multiple fields including market, finance, and administration. It is really pitiful!

It's really frustrating... Uh, uh, uh, what's going on?

Come and see! Yike and retail investors killed the institutions!

Goldman Sachs is liquidated! Carlyle gave in! Bridgewater is out of stock! Dexi retreated! Yingshiman lost again!

Paulson, Paulson is said to have run away! !

Simply, this is simply the May 26 financial tragedy!

what happened? what happened? Why did a large organization suddenly die within a day?

This is even more exciting than the short squeeze in April!

The last round had news brewing for two days over the weekend. This news was released directly before the market opened, and then from beginning to end, it directly blew up all the hedge funds that dared to short-sell!

Yike, is this still an ordinary mobile phone company?

In other words, Yike, is this still an "ordinary" company?

Why was it suddenly overturned by the White House that the ITC ruling was overturned?

The last time the ITC’s final ruling was overturned was 22 years ago in 1987!

When YIKE's day of rapid progress came to an end, the factors that led to the organization's tragic situation were once again brought into view.

Today's White Room press conference before the opening of Nasdaq is repeated again and again around the world.

Michael Froman, a representative of the Trade Office, announced the will from Aoniu in the White House Wing Office to overturn the ITC’s decision to issue a ban on sales of Apple and Yike.

He then laid out his reasons for doing so.

"This is a decision based on the impact on the development of the mobile phone industry and American consumers."

“The ITC should take a comprehensive look at the impact of its ruling on standard-critical patents on the public interest.”

"Nokia can continue to express its rights through appeals, but we encourage companies including Nokia, Apple, Yiko and Motorola to resolve issues through dialogue and negotiation."

Froman's voice echoed in the office, and what he expressed directly shocked all the media reporters present.

ah? What? overthrown?

Apple and Yike?

No, Yike’s stock price was shorted last week, didn’t you see it?

Wouldn't such an overthrow directly relieve Yike?

All the reporters present did not understand the situation and could almost predict what would happen. They ignored the reporters and raised their hands frantically before the question period.

Froman also ignored their enthusiasm and continued to explain his reasons slowly.

From last month to this month, the public opinion he saw was discussing the issue of patents and industry development, discussing the de facto behavior of "patent trolls", discussing that frequent prosecutions of sales bans have become a means of unfair competition, discussing these The situation has substantially harmed American consumers.

It is this kind of public opinion that urges the Austrian government to make bold and responsible decisions.

Froman was well-founded, carefully explained the logic of the decision, and encouraged the mobile phone industry to continue making progress that is beneficial to consumers.

The Q\u0026A session was lively.

"Froman, do you know that this decision will drive up Yike's stock price?" The first reporter came up to ask about the stock price.

Froman said with confidence: "We have conducted our assessment very carefully. Patent disputes are not the biggest concern for investors. Really professional investors only focus on whether the product is growing, whether profit margins are improving, and whether it is transforming into new areas." And other issues."

Real investors are like this, and as for fake investors... we can only evaluate the former.

"This move by Bai Fang is very likely to make this lawsuit the most dramatic case in the history of the ITC. Froman, do you think this is really responsible? The ITC issued this decision after a rigorous and lengthy professional review process. Will Bai Fang’s hasty overturning of the judgment of Yike and Apple’s infringement weaken the value of the patent and dampen the enthusiasm for innovation?” Another reporter almost scolded the decision he had just heard.

Froman refuted: "First of all, our decision was not rash. You can read the discussions about patent trolls and nearly ten companies involved in patent wars in the past period. Secondly, we noticed that the innovation enthusiasm of the mobile phone industry has been hit. It is my prudent suggestion that mobile phone manufacturers should solve the problem through dialogue and reconciliation."

Through this question, he tried to leave the focus to Apple's innovation.

However, reporters’ questions were almost all directed at Yike Company.

Fortunately, this press conference was not long. Ten minutes passed quickly, and the enthusiasm for asking questions had to be transformed into motivation for reporting and attention to the follow-up situation.

Froman politely thanked the media reporters who participated in the press conference, put away the manuscript, and ended the major decision-making that led to the May 26 financial tragedy.

In any case, the decision has been made and what needs to be explained has been explained.

Such a short press conference was watched for a long time by many people. Just as the on-site media reporters worried or predicted by frequently mentioning "Yike", YIKE's performance throughout the entire trading day caused a dismal ending for all hedge funds.

However, in addition to this major decision, the unusual circumstances of today's intraday trading also puzzled the industry insiders who were watching.

Why didn’t the hedge funds owned by large institutions such as Goldman Sachs and Bridgewater not cut off their assets immediately after learning the news?

What are you people waiting for or superstitious about?

What about the temporary suspension and rapid resumption of trading on Nasdaq?

Why did the SEC only express concern about stock price fluctuations but not take action?

All kinds of abnormalities combined with the carnival of retail investors have made people in the financial circle feel increasingly complicated and shuddering.

Although the YIKE market on this day was full of irrational brutality, someone must have carefully planned the game and carried out cold but effective temptations, and finally completed a financial hunt that shocked the world.

Perhaps, since the Yike short squeeze case ended in April, well-known hedge funds thought they had entered a familiar battlefield. In fact, this was another long-planned slaughterhouse.

However, in the last round, those who were slaughtered were small and medium-sized institutions that dared to short-sell Yike. The large institutions had a lucky escape. In this round, even they were bloodletted and their flesh was cut, and they were inevitably spared.

There is an abyss ahead, and greed is a sin.

The king of retail investors is in the east!

The sunshine was so good that I went to walk the baby in the afternoon. I will update more tomorrow.