Chapter 266: Chapter 259: Fleecing the Sheep Again, Ning Ruoxi is a Fox Demon?

At 1:10 PM, United States time, a video appeared online, shot from a surveillance camera’s perspective.

In a repair shop, an iFone 6X sitting on the counter suddenly started smoking and caught fire, scaring a nearby clerk who was in the middle of working.

According to the video’s description, the phone was charging at the time, and the owner wanted to demand an explanation from the Fruit Group.

Since the Fruit Group was a buzzword across the entire global internet right now, the video quickly attracted widespread attention.

Countless netizens started discussing it, and soon, someone discovered that iFones catching fire while charging was not an isolated incident. There were many other cases of iFones exploding while charging!

Information spreads with terrifying speed on the internet. In less than half an hour, "iFone catches fire while charging" had already hit the top of the trending lists on all major platforms.

’@FruitGroup You there? Care to explain?’

’So I was just too naive, huh? Fruit Group doesn’t just want my money, they want me dead?’

’Damn, that’s so unsafe. Come to think of it, my iFone 6X gets hot all the time. I’m gonna go trade it in this afternoon!’

...

In truth, when the Fruit Group was previously exposed for throttling the performance of older iFone models, many consumers were just jumping on the bandwagon for the drama; they didn’t think it was that serious.

That was because it didn’t really threaten their personal interests!

Why did people buy Fruit Group phones?

Wasn’t it for the flex?!

They were going to upgrade to a new model anyway. ’Go ahead and throttle the old models for all I care.’

Of course, even if they thought that, they were still going to join the hate train when it was time to flame the company. Otherwise, wouldn’t the "golden keyboard" they just bought off a discount app for 99 cents go to waste?

However, the exposure of this latest incident made many Fruit Group fans feel that their own interests were being threatened by the company.

Damn it.

A phone catching fire while charging?

Considering the lifestyle of modern people, phones had to be charged every single day—sometimes several times a day. This was an integral part of everyone’s life.

And now that a safety issue had been exposed, everyone felt a chill run down their spine.

Just think about the situation in the video. What if their phone suddenly caught fire while they were sleeping?

Their entire house could burn down!

And what about the ones that exploded while charging? If it happened while they were on a call...

That would be a major disaster!

The stock market is the most sensitive of all. The moment the topic hit the trending lists, the Fruit Group’s stock price was hit by a second wave of steep decline.

Mind you, this time, it was a suicidal nosedive.

Earlier in the night, although the Fruit Group’s stock price was indeed falling, it had only slipped from 160 to the 140s. All told, it was a drop of about twenty US dollars.

But now, in less than half an hour, the Fruit Group’s stock price had plummeted straight to 120 US dollars!

Another drop of twenty dollars!

"The Fruit Group must not have checked their horoscope today," Ye Ling couldn’t help but comment.

Honestly, news of phones exploding while charging wasn’t uncommon. It happened with all sorts of phones, mainly because modern phone batteries were lithium-ion, which are inherently unstable.

If you used your phone while it was charging, it could cause the device to overheat and explode.

Yes, this was actually a very common problem.

The issue wasn’t the phone, but the battery.

This was the fatal flaw of lithium-ion batteries!

But the Fruit Group’s luck was just terrible. For something like this to be exposed at such a critical juncture?

Ye Ling observed three seconds of silence for the Fruit Group, then checked the prompt from his system before giving Chen Lin an order. "Get ready. We’re entering the market!"

"Understood."

Chen Lin acknowledged and began to analyze the detailed stock market situation.

The fall of the Fruit Group’s stock was an inevitable trend. What he needed to do now was to find the optimal time to enter the market!

At times like this, one had to marvel at the advantage of having a professional team.

If Ye Ling had tried to do it himself, he might not have done a good job; he would likely have made his move at a suboptimal time.

But with a seasoned pro like Chen Lin, who had years of stock market experience, while he couldn’t guarantee he’d buy at the absolute bottom, he could at least hit the second-lowest point, right?

Chen Lin ultimately chose an entry point when the stock price hit 105 dollars. The price was actually still falling at this point, but the speed had slowed considerably.

He didn’t opt for an extreme approach, because an extreme approach doesn’t necessarily mean maximum profit!

Why?

First of all, the Fruit Group’s stock was, after all, a blue-chip stock. The current situation was purely an anomaly.

It was obvious that the current stock price was already below expectations. Once it hit bottom, it was bound to attract a lot of speculators, which would inevitably drive the Fruit Group’s stock price back up!

Therefore, if Chen Lin had chosen an extreme approach, he would very likely have ended up buying in at a higher transaction price.

The stock price isn’t the actual transaction price; it’s just an indicator!

Chen Lin chose to buy up the stock in slow, multiple batches, striving to enter the market with the lowest possible average transaction price.

This method was indeed effective at minimizing risk, but this time, Ye Ling had a total of 5.15 billion in funds, combining the 5 billion he had prepared with the 150 million they had skimmed earlier...

The workload was immense!

Fortunately, Ye Ling had acquired Celestial Dragon Investment Company, which came with a team of incredibly professional operators to handle the task.

Well.

’Thank you, Sign-In System!’

Around 3 AM, Chen Lin sent Ye Ling a message.

Celestial Dragon Investment Company had divided all the funds into fifty equal portions and bought up the sell orders in multiple batches. All 5.15 billion in funds were now in the market, and the final average transaction price was 103 dollars, only one point higher than the stock’s lowest point of 102 dollars.

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