Back To 1995

   Chapter 535 Roadside stalls

  Paypal payment platform, how much potential, or whether it can cut leeks, this is what Wall Street is concerned about.

  Now the PayPal payment platform earns mainly the handling fees for transfer transactions. This money is just a small business for big banks such as Goldman Sachs, Morgan, and Citi.

These big banks and investment banks mainly play investments, funds, bonds, etc., which are often more than 10 billion US dollars. Now the frenzy of the Internet is also the driving force behind them. Without these big banks investing money, how could the Internet industry develop? stand up.

   Of course, sometimes they also cut some overseas leeks. For example, they are willing to do it when they are short in Southeast Asia this time. Cutting a crop of leeks is equivalent to earning a year or two of income!

Putting it on PayPal, Goldman Sachs and others also want to know whether PayPal can become their partner. In the past, they issued funds, bonds, etc. through banks, and then looked for users with a certain worth to subscribe. To put it bluntly, there are thresholds .

   The Internet investment fund issued by PayPal this time has no threshold at all. As long as a user registered on PayPal, no matter how much he is worth, there is no limit to how many shares he can buy at one time. As long as ten dollars, he can subscribe for a fund.

This is definitely not allowed on Wall Street and banks in the past, but now, America does not have a formal federal bill that stipulates that PayPal cannot do this. It's true that PayPal has a loophole, but there is no federal law that says PayPal can't do this!

   Maybe in the future, on Capitol Hill or the state legislatures in the United States, the provisions restricting Internet financial management will be passed, but that is not known in a few years.

Goldman Sachs headquarters, Paulson is at the desk processing documents, Soros is still doing things in Southeast Asia, Siam, Bangzi, Malaysia, Indonesia, Singapore and other places, Soros took a hyena-like hedge fund, gave it a go .

When Soros and the others started, Goldman Sachs also stood behind and made a lot of money. After Soros and the others left, the Federal Monetary Fund formed by Goldman Sachs and the others entered the market and began to acquire local banks, insurance, and real estate at cabbage prices. , securities, shopping malls, and large companies in various industries, simply don’t make too much money.

Bangzi, Siam and other places have already been divided up, but now Goldman Sachs and Soros have some differences. Killing the red-eyed Soros does not want to go to Lao Maozi after finishing Southeast Asia according to the original plan. , Mexico, Brazil and other emerging markets to toss.

To put it bluntly, Goldman Sachs used Soros’s hedge funds as gunmen, first used them to grab these sites, and then Goldman Sachs, as saviours, saved these places from fire and water, and of course made a fortune by the way. .

   "So, Soros is unwilling to leave?" Paulson raised his head and asked Pelle Greene at the desk.

This time, all parts of Southeast Asia have been taken seriously. Only the foreign exchange in Hong Kong City, Treasure Island, Nippon and other places has not collapsed, but the stock market, real estate, etc. have fallen horribly. According to Paulson, I don't want to fight any more. At this time, I just need to cut the leeks with peace of mind. These places are now full of cabbage prices. It is enough to get them and wait for the appreciation.

   "Soros and the Quantum Fund have some ideas on the foreign exchange of Hong Kong City and Japanese Benzene!"

  Pelle Greeney does not want Goldman Sachs to conflict with the Quantum Fund. These days, it is not so easy to find a black glove, especially a capable and influential black glove like Soros.

But Soros had a different idea. As he was about to retire, he didn't make a big move, and he didn't give up. He continuously broke through the foreign exchange markets in Siam, Bangzi, Singapore and other places, making him want to continue to fight. idea.

   snorted coldly, and Paulson said sarcastically, "People always want to do things beyond their ability to prove their ability!"

Pelle Greene lowered his head and did not dare to take Paulson's words. Others fear Soros like a tiger, like people in Southeast Asia, when Soros is mentioned, they are like a wolf, but for Paulson, But it is not worth mentioning at all. Without Goldman Sachs providing ammunition behind his back, Soros can set off such a big storm?

   To put it bluntly, Soros is still bullying others. He uses the power of Amerika to suppress Siam, Bangzi and other places and forcibly cut their leeks. Otherwise, Soros alone, do you really think he can move these places?

   "Goldman Sachs withdrew its funds and will no longer do anything to Hong Kong City and Japanese Benzene!"

Paulson thought about it for a while, and said directly to Pellegrini, Next, Goldman Sachs is going to invest in Asia. What he said to Song Yang before is not a lie. Paulson really intends to invest in China. While investing, I don’t want to make a mess and become a chicken feather, so what will Goldman Sachs do?

"If you quit now, Soros's Quantum Fund, I'm afraid..." Pellet Greeni said quickly, once Goldman Sachs, the leading brother, stops fighting, other Wall Street banks and institutions will definitely quit. How can a hedge fund come out with hundreds of billions of dollars?

Paulson waved his hand and did not let Pelle Greene continue to speak. Soros and the others were unwilling to follow the plan made by Goldman Sachs, so Paulson was too lazy to support them. When Soros touched his nose, He knew exactly who had the final say on Wall Street.

When    was about to let Pellegrini leave, Paulson suddenly remembered the PayPal payment side, "Goldman Sachs sold that Internet fund on the PayPal platform, how is it selling now?"

  It was Paulson's decision to invest in PayPal. Although no one can question him, Paulson didn't want to be famous for his own life. He still wanted to know how PayPal is doing now.

Taking a look at the IWC watch in his hand, Pelle Greeni said, "At this time, it should start to sell. This fund, now run by Goldman Sachs' best Internet fund manager, has a total scale of 50 million US dollars. The fundraising period is one month, if PayPal goes well, it is expected that about 50% of the fundraising will be completed this week..."

   Pellet Greeni’s analysis is based on previous fundraising experience. Most of them were issued by banks before, and were promoted by banks, and fundraising was completed within three months.

   If a fund performs well, its scale will continue to grow. The manager who manages this fund will also become a star fund manager, and the management fee will continue to increase.

But no matter what, before Goldman Sachs, funds issued by other banks and institutions are also developing slowly. Sometimes, during the fund-raising period, it may not be all sold out, but it is still bought by powerful users. Yes, this time PayPal is open for sale, no one knows what it will be.

  Pelle Greene finished speaking, and was about to leave when the door of Paulson's office was pushed open, and an assistant hurried in.

"President Paulson, Manager Greene," the assistant called to the two of them, and then said in a hurried tone, "There is news from PayPal that the Internet funds issued for Goldman Sachs are now... all sold out! "

   Pellet Greene, who was just about to leave the office door, froze in place, and Paulson raised his bald head, wondering if he had heard it wrong.

   "Sold short?" Paulson couldn't help but ask one more question.

The assistant    nodded, "This is the news from PayPal!"

Paulson and Pelle Greene looked at each other, and they felt that this seemed to be a bit beyond their expectations. According to normal experience, even if they were looking for rich Americans who were worth more than one million dollars on paper, they wanted to. For them to take over this $50 million fund, they would have to find more than five hundred, and they had to be willing to come up with $100,000 in cash.

But in reality, it's impossible. It's not bad to be able to spend tens of thousands of dollars for a million dollar value on paper. You have to find thousands or even more of such people. Networking and relationships, it is estimated that it will take a few days to do it.

   But what are the worth of those users on the PayPal platform, not to mention how long has it been since the sale? !

   No matter how Paulson and Pelle Greene felt, the entire Wall Street was watching the news that the first fund released on the PayPal platform was all sold out in less than an hour!

  Whether this has set a new record is unknown, but the entire Wall Street, major banks, investment banks, and institutions were stunned when they saw this scene, which subverted their imaginations a bit.

Originally, these funds were always marketed to the wealthy middle-class and even the rich. They never considered the gang of migrant workers in America, but this time PayPal is targeting these people. Ninety-nine-eight, you don’t need ninety-eight, you only need ten dollars to buy a fund that used to require a threshold, and it’s still the hottest Internet industry fund. Buy it and earn it!

  Simple, rude and direct, there are no high-level investment consultants, managers, etc. This time, PayPal is just like a small merchant on the side of the road, running to passers-by and asking, do you want a fund?

This time, PayPal broke the image of a tall Wall Street, but it seems to be very effective. This time, it attracted 78,000 people from America and overseas to participate in the fund issued by PayPal. I don’t know how in the future, but This time, it set a record for the largest number of people subscribed to funds in America.

For a while, the entire Wall Street did not know whether to be happy or silent. Anyway, as soon as the news came out, the major investment banking institutions did not speak out for a long time, but they all responded quickly. Goldman Sachs, Morgan, Citigroup, etc., announced that they would issue issuance through the PayPal platform. New fund!

   (end of this chapter)