bomb sale
Even without Eugene’s suggestion, Facebook often plots to issue a virtual currency that can replace the dollar and other currencies of each country.
In the next few years, they will try again under the name of ‘Libra’.
It was an ambitious plan to allow billions of Facebook citizens to conveniently use it regardless of the actual country in the form of a stable coin that can reliably guarantee the unstable value of the existing cryptocurrency.
However, this second attempt also fails.
The biggest problem is that Facebook has too much influence.
Governments around the world, even the US government, have expressed concern about the power of Facebook’s currency.
Virtual currencies used by billions of people can no longer be called virtual currencies.
Perhaps because it is an act that could threaten the US dollar, the world’s reserve currency.
This was an attempt that had such a ripple effect that not only the United States, but also the United Kingdom, China, Japan, France, and even the European Union, currency officials in each country commented on concerns and regulations.
If it was a cryptocurrency issued by a single individual, problems to this extent would not have occurred.
But the biggest problem was the fact that the party was Facebook.
For several reasons, Facebook eventually abandoned this ambitious project.
“Why do you have to be with Eugene?”
An obvious question arises.
“Because Facebook is so huge.”
“Right. In the future, if Facebook starts a cryptocurrency business, there will be many difficulties.”
Creating a new currency is Mark Zuckerberg’s next-generation plan.
Naturally, many brilliant people are still looking for problems and solutions and reporting them to Zuckerberg.
And at Facebook, he was already very well aware of his weaknesses.
Big. Too big was the problem.
However, it is meaningless to introduce existing cryptocurrencies. If you do not have the right to publish, the meaning of the project’s existence disappears.
Libra, which will be launched by Facebook in a few years, is trying to publish under a new name, DM, without winning the backlash from various economic agents, but loses the advantage of issuance purely because it has to be pegged to the dollar, and eventually gives up.
Facebook’s huge scale guarantees huge economic returns if it creates a new currency, but for that very reason, it faces the dilemma of not being able to issue a currency.
“If there is a plan to issue a currency that only circulates in the Facebook ecosystem, it would be better to give up early. Next time, there will be protests not only in the United States, but in almost every country. If that happens, you will have to be prepared to get kicked out of the countries in which Facebook is operating.”
Of course, I will give up before things get too big.
“It is impossible to oppose state power.”
This ambitious young man seems to know the truth, but he can’t give up easily. His hard lips and eyes were screaming that he would never give up.
“If the Jeonggong method does not work, we have to think of other methods.”
“Of course. It’s like saying there is a solution.”
“You are giving up on the Facebook ecosystem.”
“Well… … .”
At Eugene’s words, Zuckerberg has no katabuta.
It’s probably already been considered. Of course, Facebook alone is not enough to implement the method Eugene said. You need someone to join forces with, and that person is right in front of you.
In fact, Facebook has the issuing rights, but it creates a plain cryptocurrency that is not accepted by Facebook. Since it is not used on Facebook, there will not be much reaction in the market.
New cryptocurrencies are issued and released on the market independent of Facebook.
The only difference from the existing currency is that it is not a currency that fluctuates greatly in value, but is a stable type of currency that is sufficiently guaranteed by influential people.
And when enough time passes and it becomes a powerful currency, it begins to be used on a trial basis on Facebook along with several sites.
Take your time and calm down without rushing to make the currency work on Facebook and many other sites.
In this case, it is difficult for Facebook to obtain exclusive publishing rights. Because you need someone who can guarantee the value of money.
“good. Let’s think about it together.”
The young dictator reached out his hand. It is not yet a complete cooperation, but it means that we are trying to find a way forward together.
“I believe we can help each other.”
Eugene reached out and took Mark’s hand. The two quietly looked into each other’s eyes and shook hands.
“By the way… … .”
After letting go of his hand, Mark opened his mouth.
“That’s what you said earlier. Maybe it’s just a joke? Are you kidding me?”
It seems that Mark was terrified that Eugene was really targeting his Facebook page.
“It may not have been a joke, but from now on it is a joke. haha.”
Eugene still vaguely burst out laughing as if it was a joke.
Negotiations are not over yet. Mark is a greedy and unfaithful person. He is a person who will not hesitate at all to beat his partner.
The reason he came to Marc and suggested it directly is because the empire he had built was so great.
His empire includes Facebook, the next-generation social media platform, Instagram, and WhatsApp, the messenger with the most active users in the world.
In order to realize Eugene’s idea, a mark is needed right now.
After visiting Silicon Valley, it was a pity to go back without meeting Larry Page and Sergey Brin.
But the truth is that the two are absent. Rather than being rude, it was the mistake of Eugene who contacted me right away from New York.
The two said they would return to the US in a few days, so they decided to go to LA and wait.
Jeff was supposed to meet there anyway.
“I got a call from a vice president of Cheil Electronics.”
As soon as I arrived in LA, I got a new call.
– ah! Hello, Chairman. This is Han Jeong-hoon.
When I answered the phone because it was urgent, my voice was not very good.
“It seems that the situation has not been resolved yet.”
Eugene could immediately recognize what he was calling about.
Cheil Electronics was facing an unprecedented crisis since its inception as a series of fires occurred in the battery of the smartphone being released by Jeil Electronics.
Cheil Electronics did its best to solve this situation for almost two months, and in October, the situation was gradually calming down.
However, looking at the contact, it seems that it is not completely resolved.
– yes. In fact, we plan to announce the product discontinuation tomorrow. All products that have already been purchased will be exchanged for other products.
“How many products have you produced so far? Over 1 million, right? It must be quite a headache.”
– 1.5 million units.
Han Jeong-hoon answered in a tired voice. It must have been very difficult for someone.
In response to the recall of 1.5 million units, it is clear how the market will react if one of the main products is discontinued.
Although the number of mobile phones in the fire was only a few dozen, the consumer had no choice but to be extremely anxious about having a mobile phone in his body that could explode, and the suspicion was spreading to other smartphones of Cheil Electronics.
– If you have stocks of Cheil Electronics… … .
The reason he called Eugene was too clear. This was to prevent selling after the market announcement tomorrow.
It was very clear what would happen if the news that Kang Yu-jin had sold Jeil Electronics stock, which was no one else, came to the market.
“Hmm, I was thinking about it even if it wasn’t.”
– Chairman Kang… … .
Has the heir of Cheil Electronics in the world ever made a voice like this to someone? But in this case, the situation was very different.
The share price decline due to tomorrow’s announcement was sufficiently predictable, and if it fell to a certain extent, the responsibility would fall on a vice president who has recently been the de facto captain of Jeil Electronics.
Even so, it is a fatal blow for a vice president who is fiercely competing with his younger brother for the position of the next head of the Cheil Group.
– If you could help me just this one time, I would really appreciate it.
Even the words of a request came out of his mouth.
For one vice president, it was the humiliation of a lifetime.
In fact, it was probably common in the past for a business tycoon to ask someone for a favor.
The founders of chaebol families were only able to bow their heads and kneel in the process of building their company.
However, as generations pass and a non-founder becomes the chairman, it tends to become more authoritative than the person who built the company.
“If only a vice president said so.”
Eugene paused for a moment and opened his mouth.
– yes? then?
“like. How can we prevent the stock price from falling tomorrow?”
– I. Are you really?
A vice president became excited about not simply saying that he would not sell the stock, but also that he would prevent the stock from falling.
“It’s not someone else, it’s just one vice president. Even though we don’t know each other, we have to help each other when it’s difficult.”
– Thank you very much. thank you
Vice President Han greeted each other as if he had won thousands and thousands of horses. If I wasn’t on the phone, I would have bowed my head in front of you and bowed down.
“So, don’t worry about the stock price and come up with countermeasures. When people are upset, they don’t even turn their heads.”
– Sure. Unless it’s a stock price issue, it won’t be a big problem.
“If you say so, I will believe you. Then let me rest in peace today.”
– All right, Chairman. We will greet you again tomorrow.
For some reason, he hung up the phone, thinking that he was a person with excellent social skills for a third-generation chaebol.
“If something is announced at Cheil Electronics tomorrow, it will go down as soon as it is announced. When it drops about 8%, we pick it up from then on.”
Eugene gave orders over the phone to Joanna of New York.
– 8%? It sounds like you’re trying to make a big announcement about this situation, don’t you?
“maybe. Take as many as possible. Well, until today’s share price rises 3%.”
– Is that so? I see.
“And when we start buying and it goes up to 3%, we contact the media and announce the purchase. Make sure you understand the content.”
– The potential of Cheil Electronics is sufficient, and the investment value is still high, right?
As always, Joanna clearly understood the boss’s intentions.
“Cheil Electronics is responsible for this situation and has decided to exchange or refund all products sold without any conditions. Although the product in question is only 0.002% of the total production, we will do our best for consumers who may be anxious.”
The next morning, Jeil Electronics started the promised announcement.
“Is there any additional compensation for consumers who are anxious about this situation?”
“How much damage will Cheil Electronics suffer from this incident?”
While explaining the reporters’ requests one by one, the stock price of Jeil Electronics began to fall at a frightening speed.