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What is Storm Player?! Today's young people have long forgotten it, just like LeEco back in the day—it was once such a dazzling presence! Who would have thought it would be forgotten so quickly.
Now it takes its final bow with a 99.78% plunge! The former king of stocks is delisted, having once surged 45 times in two months, while the founder is now behind bars.
If Feng Xin had sold Storm Player to Alibaba back then, he might have been the most dignified winner in China's internet industry. But he didn't, because the A-share market opened its doors. Feng Xin thought, "I've waited so many years, and finally it's Storm's turn to sit at the table. Wouldn't it be a huge loss to sell now?"
Sure enough, when Storm Technology was listed in 2015, it surged for 37 consecutive daily limit-ups, with its market value once soaring to 40 billion yuan. Suddenly, the company spawned 10 billionaires, 31 centimillionaires, and 66 millionaires. At that moment, Feng Xin was really on a winning streak.
But no one expected that those 37 limit-ups were not Storm's life-saving medicine, but rather the beginning of its ultimate downfall. Just a few years later, Storm was delisted, and Feng Xin was subjected to compulsory measures. A player that was once installed on 300 million computers ended up putting its own boss in a dead end.
Pretty absurd, right? But looking back, everything was already predestined. Why was Storm Player so powerful back then? Because it feasted on the fattest piece of meat in the PC era. Back then, to watch a video, you had to download it first, and even after downloading, it might not play—various formats could drive you crazy. Ordinary players would just fail to open it, but Storm Player could play it.
So many people could live without antivirus software on their computers, but they couldn't do without Storm Player. At its peak, Storm Player had over 300 million users,