Chapter 265 - 258: The Man with Double Insurance?

Chapter 265: Chapter 258: The Man with Double Insurance?

With a big battle ahead tonight, Ye Ling naturally needed to rest up and conserve his energy!

...

And as Ye Ling drifted off to sleep, the online condemnation against the Fruit Company continued to brew and intensify.

To be honest, consumers had long been dissatisfied with the Fruit Group for resting on its laurels for years.

Even consumers in its home country, the United States, were now full of animosity toward the Fruit Group.

’Damn it, can’t you try a little harder?’

’Isn’t this just a ripoff?’

...

At 10:30 PM, the United States stock market opened on schedule.

The Fruit Group’s closing price yesterday was 160 dollars, arguably a recent high. However, that truly was its peak.

The moment the market opened, the Fruit Group’s stock price suffered three consecutive drops, plummeting directly to 150 dollars.

Clearly, the day’s events had a massive impact on the stock market!

If the market had been bullish on the Fruit Group yesterday, today it was undeniably bearish—a complete and utter reversal.

"President Ye, this is truly a disaster," Chen Lin lamented, speaking to Ye Ling over a call.

"It is indeed a disaster, but don’t be surprised. It’s about to get even worse," Ye Ling replied with a light chuckle.

’Who could have imagined that a corporate behemoth of this stature would one day face something like this? It truly left the whole world stunned!’

In stark contrast to the utter chaos at the Fruit Group, Ye Ling was incredibly relaxed, watching the market’s fluctuations like a detached outsider.

’First of all, the Fruit Group’s stock decline is now a certainty. Plus, with the precognition cheat from his system, what was there to worry about? All he had to do was watch the show. After all, Brother Ling was a man with a double safety net!’

"Honey, have some fruit."

Ning Ruoxi walked over with a plate of lychees. She dutifully peeled one and held it to Ye Ling’s lips.

"Mmm, good girl."

Ye Ling smiled, leaning in to eat the lychee before wrapping an arm around Ning Ruoxi’s waist.

"So, what’s the situation now?"

Ning Ruoxi asked curiously, gazing at the red and green lines on the screen.

"It’s pretty much a done deal. The Fruit Group is in for a world of hurt this time. Three straight drops right at the opening—I wouldn’t even dare to write something like this in a novel!"

Ye Ling said, his expression completely relaxed.

"You’re amazing! Here, have another one!"

With a look of pure adoration, Ning Ruoxi peeled another lychee for Ye Ling.

"President Ye... could you stop with the PDA?"

Just then, Chen Lin’s voice came from the other end of the line.

Ye Ling had the call on speaker for convenience, so Ning Ruoxi heard the comment as well, and her cheeks instantly flushed crimson.

"Why didn’t you tell me?"

Ning Ruoxi glared at Ye Ling, her cheeks puffed in a cute pout.

"It’s alright, it’s fine."

Ye Ling smiled and gave Ning Ruoxi a quick peck on the cheek before saying to Chen Lin on the other end of the line,

"Sorry about that. I’ve been so busy these past two days that I haven’t had any time for her. My apologies, just pretend you didn’t hear anything..."

On the other end of the line, the corner of Chen Lin’s mouth twitched.

’Pretend I didn’t hear anything? Yeah, right.’

’If Ye Ling weren’t his boss, Chen Lin would have probably unleashed his inner keyboard warrior and given him a piece of his mind.’

’Damn it.’

’Are single people not human, too?’

As expected, the Fruit Group’s stock price continued to plummet. Less than two hours after the market opened, the price had already fallen to 146 dollars.

Today could truly be called a nightmare for the Fruit Group.

Meanwhile, the internet was buzzing as the continuous drop in the Fruit Group’s stock price sparked widespread discussion among netizens.

’I think the Fruit Group is really done for this time. For such a huge scandal to be exposed...’

’Yeah... Wouldn’t it be better to just make good phones? Why do they have to pull these kinds of fancy, useless stunts?’

’What do you expect? Forget major breakthroughs, the Fruit Group hasn’t even managed a minor one in years. They’ve been completely stagnant. Seeing the Xia Wei Group catching up, of course they’d be anxious.’

’All the Fruit Group has left now is its brand power. If I were to get a new phone, I’d definitely buy the Rongwei P40.’

...

It was quite ironic. Just one day before, the entire internet had been singing the praises of the Fruit Company’s phones. Now, it was a unanimous chorus of praise for the Rongwei P40.

「United States. The Stock Market.」

The Fruit Group’s stock price was in a freefall, a stark contrast to its earlier meteoric rise. A flood of sell orders appeared, creating a sense of impending doom.

In reality, while the Fruit Group was showing signs of going under, it was still a ways off from actually being "finished."

What did this mean?

The Fruit Group’s stock had opened at around 135 dollars the day before. Its current price, though having plummeted from a high of 160, was still significantly above where it had started just 24 hours prior.

So, on the whole, the Fruit Group’s losses weren’t actually that significant yet.

Most of the sell orders being placed weren’t to cut losses, but to cash out while they were ahead.

The Fruit Group’s stock had skyrocketed yesterday, and many investors had planned to sell after another surge today... However, with this scandal, they no longer dared to take that risk.

So, they all rushed to sell their shares and exit the market, hoping to pocket whatever profit they could.

But it was precisely this mentality among the shareholders that was accelerating the Fruit Group’s path to ruin!

The immense pressure from online public opinion, coupled with the endless waves of sell orders, left the Fruit Company’s stock chart looking utterly lifeless.

Ye Ling couldn’t help but sigh and shake his head. As an outsider to the panic, he could see the situation with perfect clarity.

The reason he was an outsider was that he had already chosen to sell his shares and exit the market the day before!

"It’s a good thing we got out yesterday. Otherwise, we’d probably be in the same boat as these guys right now," Chen Lin remarked with a sigh of relief.

"The stock market is a fickle beast. If you want to reap greater rewards, you have to be prepared to shoulder the risks." Ye Ling didn’t feel much sympathy for these shareholders.

’They made their own choices. Who else could they blame?’

’If they had resisted the temptation yesterday and pulled out with him, they wouldn’t be in this mess!’

"Frankly, the ones selling now aren’t the worst off. The ones who are still waiting for a comeback—they’re the ones who will end up in a much worse state," Ye Ling added.

Not everyone knows when to quit while they’re ahead, nor can everyone cut their losses in time. If it were that easy, the stock market wouldn’t have driven so many people to bankruptcy!

With a massive number of sell orders posted, the Fruit Group’s stock price naturally continued its nosedive, soon breaking the 145-dollar mark. At this point, many who had been waiting on the sidelines could no longer sit still.

In an instant, even more sell orders flooded the system.

"President Ye, should we move in?" Chen Lin asked.

To be honest, the Fruit Group’s current stock price had been pushed down to a frighteningly low level. In his view, it was the perfect time to start gradually buying in!

"Let’s wait a little longer." Ye Ling rejected his proposal.

"The Fruit Group may have been hit by this internet scandal, but its fundamentals are still solid. I don’t think it’ll drop below 140. If we start buying in gradually now, we can keep our average cost at 142 or lower," Chen Lin added.

"No need to rush. It’s still early."

Ye Ling insisted on waiting.

"Alright."

Chen Lin didn’t say much more at this point.

’After all, Ye Ling was the boss. He had given his advice twice, fulfilling his duty. If they really missed the optimal entry point, the responsibility would be on Ye Ling.’

Meanwhile, Ye Ling continued to watch, unhurried. He had checked the prompt from his system: the Fruit Group’s stock price was going to plummet even further!

And the drop would be even more terrifying than what they had seen so far.

’To be honest, the Fruit Group’s stock was already in shambles. Even Ye Ling found it strange. Why would it be heading for an even more ferocious plunge? He couldn’t quite figure it out!’

But one thing was certain: something else must have happened later that night.

And.

It would be an even more devastating blow to the Fruit Group!