Life at The Top novel Chapter 175

“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.

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!!!]