Chereads / American History 1988 / Chapter 257 - Chapter 250 Trouble

Chapter 257 - Chapter 250 Trouble

Financial professionals on Wall Street had a hard time providing convincing analyses or predictions about the soaring stock price of Byte Company.

Because in just a few short months, its stock price had experienced multiple peaks and changes.

Critics commented, "Those bankers who arranged for the company to go public at 18 US Dollars per share,

followed by the concentrated release of bullish analyst reports. This is stock manipulation right before your eyes.

Otherwise, how could they have said that Byte was worth 18 US Dollars per share nine weeks ago, but now say, 'Oh, we made a mistake, it's worth 60 US Dollars per share.'"

Seeing this, Dean couldn't help but laugh, taking these critiques as jokes.

However, the changes over these past two months indeed were dizzying.

Previously, Forbes 400 had valued his assets at 1.5 billion US Dollars, but now that number had already surpassed 2 billion.

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