A joke at the end

Letv officially delisted. On May 14, a paper announcement of Shenzhen Stock Exchange announced the news, which was also the last mourning for the Internet myth of that year.

Letv's first GEM crash with a market value of170 billion was behind the loss of 280,000 shareholders. Letv was founded in 2004 and listed on 20 10. Jia Yueting, the founder of 20 15, proposed to build an eco-chain of LeTV. Affected by this concept, LeTV shares soared and its market value soared to170 billion. The applicants blocked the building of LeTV. There are only five short years before the peak. After the capital chain broke, LeTV finally withdrew from the market. The sentence that Jia Yueting shouted at the press conference made us stifle our dreams together, and now it has become a real joke. It's really suffocating that 280,000 shareholders can't get their money back.

There are countless heavy losses, such as Sun Hongbin, the owner of Sunac Real Estate, with a loss of 654.38+065 billion. Speaking of Sun Hongbin, he is also a legend, claiming to be the strongest catcher in the industry. In 20 18, Sunac's revenue exceeded 100 billion, and Sun Hongbin became the leading real estate company. However, in 20 19, it was reported that Sunac had a debt of 700 billion. How did so much debt come from? Sun Hongbin accepted the offer, but Wanda's Lv Wen, Li Ka-shing's real estate and Jia Yueting's LeTV did not, and Sun Hongbin dared not accept the offer.

20 17, letv capital network was disconnected, and Jia Yueting resigned. Sun Hongbin spent a lot of money to help, but never thought that even a senior receiver could not digest the mess left by Jia Yueting. In the end, Sun Hongbin had to admit. Fortunately, he has already included LeTV's best asset TV segment into Sunac's subsidiary in advance. At that time, LeTV's valuation had reached 9.7 billion. It can be said that although the sophisticated Sun Hongbin lost money, he also took the fattest piece of meat from LeTV, which was not a total loss. The real pity is those investors. But what is the disillusionment of LeTV's rise? In today's chaos, why are so many people willing to pay for admission?

Before 10, letv took a fairly formal route, and the routes for making video websites and paying for content were iqiyi and youku, which was considered as slow and steady. The turning point occurred in 20 12, and the demand for video content by netizens surged, and online video ushered in a golden period of development. Jia Yueting, who took the wild route, smelled something different. While colleagues are still struggling to keep the video website driving traffic, Jia Yueting has mastered the storytelling skills. He took the lead to stand out from the video website, announced his entry into Internet TV, and launched LeTV Box and super tv in one breath.

Jia Yueting is on the right path now, but the problem is that he loves ecology too much. After super tv's success, LeTV was like being pressed the accelerator button, and launched seven plates in one breath. Internet content, big screen, mobile phone, car, sports and finance are all arranged. Every time a press conference is held, there is a puzzled audience sitting under the stage. Jia Yueting talked about ecology on the stage and shouted the slogan of breaking the ecological boundary. Now it is estimated that few people can fully understand this slogan, but with Lao Jia's vivid story, more people are willing to buy it. On the basis of the so-called ecology, LeTV has expanded greatly. During the three years from 20 12 to 20 15, Jia Yueting became more and more famous. The story about how he changed from a small accountant to a billionaire is fascinating, and then the share price of LeTV soared 10 times, and the market value once exceeded17 billion.

At the peak of 20 15 letv, Jia Yueting was also proud. People seeking cooperation here are crowded with LeTV Tower, and his wife Gan Wei gave birth to his twin daughters. Teacher Jia was definitely a star figure in the entrepreneurial circle that year. He can hold more than 100 press conferences in a year, encouraging 300,000 investors to stifle their dreams together. At that time, he was also advised not to spread the stall too big, but Jia Yueting insisted on not cutting any plates. In the end, the crisis broke out like a domino. At first, the sports and mobile phone sectors were in trouble. Later, because the stalls were too big and the capital chain was broken, Jia Yueting's fan-like ecology finally came to an end. From July 2065438 to July 2007, Lao Jia, who knew that he could do nothing, resigned from the chairman and went to the United States, where he continued to talk about the dream of building an environmentally-friendly car, while ignorant domestic investors were still cheering with him.

20 19 10 Jia Yueting first filed for bankruptcy abroad, and then divorced his wife. A set of golden cicada operations shocked everyone, and the debt case owed by Jia Yueting became confusing because it involved transnational disputes. Looking back at the impassioned video of Lao Jia's press conference, I prefer to believe that he wanted to do well at first, but there was no turning back. When you tell an impossible dream, you can only defend yourself with lies.