Netflix Company.
Upon receiving the news that Kyle wanted to acquire a stake in Netflix Company, the Netflix Company board of directors convened immediately. After an hour of discussion, they made a decision without hesitation.
"We absolutely cannot let that guy, Kyle Page, become a shareholder of Netflix. He is a dragon!" Don West said in a deep voice.
Don West was one of the shareholder representatives for Netflix, representing Barclays Bank.
Barclays Bank is a commercial bank in Britain, the third-largest banking company in Britain, second only to HSBC and the Royal Bank of Scotland. As early as 1998, the total assets under its management exceeded 350 billion U.S. dollars, making it definitely one of the economic titans.
"I also do not agree with Kyle Page entering Netflix Company!"
George Smith laughed: "Everyone, don't forget the lesson of McAfee anti-virus software company. The founder and former chairman of McAfee, Sarmenuk, was ruthlessly kicked out of McAfee by Kyle and relieved of all his duties."
Reed Hastings: "..."
It wasn't just Reed Hastings who was silent; even the management and founding team of Netflix were silent.
Netflix Company had been under great pressure recently, especially due to a lack of sufficient funds.
Kyle had money, which was certainly the goal pursued by Reed Hastings and the management team, but they were also worried about the precedent.
In the McAfee ownership change incident, even though Kyle handled the action very quickly, it still left behind a bad reputation!
Kicking the founder out of the company—it sounds bad!
"Hehe!"
George Smith laughed again: "When I received the news yesterday, I told my boss, Mr. BlackRock, immediately. He bluntly said: I really don't like this person, Kyle Page, and I am even a bit disgusted by him."
As soon as the words fell, everyone present was shocked.
Who was George Smith's boss, Mr. BlackRock?
Speaking of this, one has to mention a company—BlackRock Group!
It is also known as BlackRock. It sounds somewhat similar to another company, Blackstone Group, and in fact, both are large companies.
BlackRock Group is one of the largest publicly traded investment management groups in America, providing services to global clients through its offices spread across America, Europe, and Asia.
In 2009, BlackRock Group merged with Merrill Lynch, one of the Big Five Investment Banks;
In 2011, the assets of publicly traded companies managed by BlackRock Group exceeded 3.6 trillion U.S. dollars;
In 2019, BlackRock Group increased its holdings in HSBC Holdings by nearly 75.58 million shares, replacing Ping An Asset Management to become the largest shareholder of HSBC Holdings once again.
Barclays Bank's shareholding in Netflix exceeded 20%;
BlackRock Group's shareholding in Netflix exceeded 8%;
The shareholder representatives of these two companies opposing Kyle's entry into Netflix would naturally greatly influence the opinions of other shareholders and shareholder representatives.
The remaining shareholders...
There were the World's largest private equity fund, Blackstone Group, the America Growth Foundation, etc. They expressed that it didn't matter, however, in the end, they still stood on the side of Barclays Bank and BlackRock Group, opposing Kyle's entry into Netflix Company.
...
Golden Dawn Entertainment Group.
"Have I stirred up a hornet's nest?"
"The efficiency of the Netflix Company board of directors is surprisingly fast, and the shareholders opposing my entry into Netflix actually exceed 85%?!"
"How much do they hate me?"
"I am a dragon?"
"Simply ridiculous!"
Kyle stood in front of the huge floor-to-ceiling window in his office, gazing into the distance, his heart unable to suppress the raging anger.
The McAfee ownership change incident caused Kyle to suffer a bad reputation. And the negative impact was beyond imagination.
"Even if I am so notorious, it shouldn't be enough to make the shareholder representatives of Netflix Company have such a strong attitude regarding my investment?!"
To be honest, Kyle had absolutely no intersection with Netflix Company before.
Even the shareholders of Netflix, Barclays Bank, BlackRock Group, Blackstone Group, America Growth Foundation...
Kyle could also say: No intersection at all.
"Where did such great malice come from?!" Kyle was baffled.
Knock knock knock~
Just then, a rapid knocking sound rang out.
"Come in!"
The person who came in was none other than the chief assistant, Alexander.
"Boss, I have already found the reason why Barclays Bank and BlackRock Group are opposing your entry into Netflix Company." Alexander handed a document to Kyle.
It must be said that Alexander's ability to handle affairs was very strong.
[Data]
Once he finished reading the data, Kyle immediately laughed.
"I was wondering why Barclays Bank and BlackRock Group would hate me so much. It turns out I caused them huge losses. No wonder!"
As everyone knows, before the Dot-com Bubble burst, Kyle was one of the "lucky" ones to escape, and even the act of selling off internet stocks and tech stocks allowed Kyle to make a big profit.
Subsequently, the Dot-com Bubble burst!
Countless internet companies and listed companies closed down or went bankrupt, and the losses were extremely heavy. Countless investors and investment institutions complained incessantly.
Well, among them were Barclays Bank and BlackRock Group.
But... what else did Kyle do?
Short selling!
Massive short selling!
Utilizing the opportunity of this Dot-com Bubble explosion, Kyle, as one of the first to escape, possessed large cash reserves and was naturally able to stir up trouble in the stock market.
Barclays Bank and BlackRock Group were deeply harmed!
The direct economic losses Kyle caused to their two companies exceeded 5 billion U.S. dollars, and the indirect economic losses exceeded 30 billion U.S. dollars.
"Boss, if I were the senior management of Barclays Bank and BlackRock Group, I would hate you to death too," Alexander laughed.
Kyle nodded and laughed: "I guess if Barclays Bank and BlackRock Group hadn't been trapped in the vortex of the Dot-com Bubble, they would have retaliated against me long ago."
Holding a grudge is not exclusive to Kyle.
Looking at the whole World, there are simply too many people who hold grudges; they could completely fill the Pacific Ocean.
"Boss, is the Netflix matter over?"
Alexander asked.
To be honest, Alexander hoped that Kyle could cooperate with Netflix Company; after all, more than 1,500 movies in the film library were rotting in the library and gathering dust, unable to form any economic value.
"Over? That won't do!"
Kyle laughed: "Netflix lost more than 45 million U.S. dollars in the first half of the year. If I'm not mistaken, they don't have many days left before their capital chain breaks. Barclays Bank and BlackRock Group have money, that's true, but they haven't been liberated from the Dot-com Bubble yet. I don't believe they will pay to save Netflix!"
"Heh~ I can wait!"
A streaming media giant has a huge effect on building Kyle's media empire!