Author | City boundary Qin Haiqing

Edit | Lao Na

The US stock market was green, and the three major stocks plummeted.

As of the close of the US time on August 5, the Dow Jones index plunged 767 points, the Nasdaq index plunged 3.47%, and the S&P 500 index fell nearly 3%.

US technology stocks fell sharply, Apple plunged 5.23%, Facebook fell 3.86%, Amazon fell more than 3%, Microsoft fell more than 3%, Google, Netflix Tesla and other stock prices fell. Among them, the market value of Apple evaporated by 48.26 billion US dollars overnight, equivalent to RMB 3397 billion, equivalent to 1.27 Jingdong.

Affected by the broader market, the China Stock Exchange was not spared. Sohu fell nearly 27%, Changyou fell 14.34, Sogou fell 12.18%, Weilai Automobile fell 9.63%, fighting fish, Baidu fell more than 7%, Jingdong, the gathering age, stumbled over 6%. In addition, Wanda Sports fell 5%, more than 50% more than the IPO issue price.

The worst is Sohu. The stock price hit a new low in 16 years and fell to the level of March 2003.

Sohu stock price trend

Before the market, Sohu released the 2019 Q2 financial report, and the revenue was less than expected. According to the financial report, Sohu's total revenue for the period was US$475 million, slightly lower than the market expectation of US$482 million, down 2% year-on-year, and the non-GAAP net loss attributable to Sohu was US$50 million. The net loss for the same period last year was $49 million.

Sohu was also a loss in the previous quarter. According to the 2019 Q1 report, Sohu's total revenue was $431 million, and Sohu's non-GAAP net loss was $55 million.

Continue to lose money in the next quarter. Sohu expects total revenue in the third quarter to be between $445 and $470 million, and the net loss of GAAP caused by Sohu is between $25 million and $35 million.

Sohu CampIncome growth rate, data source: Wande

Sohu's annual net profit since listing, data source: Wande, unit: million

2018 On October 18th, the US group Wang Xing felt with emotion. "God, I haven't paid attention for a long time. The market value of Sohu has dropped from 6.8 billion US dollars to 680 million US dollars."

Today, Sohu has only 351 million US dollars left. There is not much cash in his hand. As of Q1 in 2019, Sohu held nearly $2 billion in cash. NetEase and Sina, which were listed simultaneously with Sohu, have current market capitalizations of US$27.1 billion and US$2.39 billion, respectively.

Currently, Sohu's most valuable asset is its office building. Sohu's four office buildings in the core area of ​​Zhongguancun, Haidian District, Beijing, with a total area of ​​more than 130,000 square meters, the market value far exceeds Sohu's market value.

As a veteran Internet player who has been in business for 20 years, Sohu has frequently fallen behind in the era of mobile Internet. Although Zhang Chaoyang has repeatedly shouted to reinvigorate Sohu, it has never seen any improvement.

I want to explore more interesting capital stories, but also pay attention to the public market (ID: ishijie2018)