Chapter 1234 Wait until the flowers are all gone

   After negotiating with the two founders of Gaopeng.com, Xia Jingxing took them to Facebook.

   Then, the three parties signed a series of agreements including equity investment and cooperation.

  Eric and Mason happily returned to Chicago with the agreement.

   They are busy going back to upgrade the website, develop new functions to link Facebook accounts, and prepare for the next expansion of Gaopeng.

  Xia Jingxing and Andrew stayed at Facebook and held a brief meeting with executives such as Christina, Jerry Yang and Sheryl Sandberg.

   “Facebook now has more than 800 million registered users worldwide, including 500 million monthly active users.

   Twitter’s global registered users has officially exceeded 100 million, and continues to grow at a rate of more than 300,000 new registered users per day.

  According to the financial data of the first three quarters, the company's annual revenue in fiscal year 2008 is about 2 billion US dollars, and the net profit is about 600 million US dollars.

   Investment banks and appraisal agencies have given an overall valuation of up to 60 billion US dollars!

  The valuation composition mainly includes four parts, 100% equity of Facebook and Twitter, 11% equity of Ali Group, and 15.71% equity of Domestic Holding Group. "

   When Shirley quickly reported the core data of Facebook and Twitter, the conference room immediately burst into applause.

   Yang Jieyuan said with a big smile: "We hold the two largest social media in the world, and we also hold the equity of the two most promising Internet companies in China.

   This is unique in the world, not even Google. "

   Hearing this, everyone showed a knowing smile. Although Facebook did not directly enter China to conduct business, the benefits it grabbed were no less than those of Google, Microsoft, and Amazon, which have entered the Chinese market.

  Sherry said: "Affected by the financial crisis, Ahri's valuation has dropped a lot. The value of Ahri's equity we hold has dropped from US$2.75 billion to about US$1.3 billion, which is almost half of the value."

   Yang Zhiyuan's expression was a little embarrassed, he hurriedly glanced at Xia Jingxing, and seeing that the other party's face was quite good-looking, he put his heart back in his stomach.

   Now it seems that in last year’s transaction, he took a lot of advantage when Yahoo’s shares in Ahri were replaced by shares in Facebook.

  After Yahoo was acquired by Microsoft, the market share of search engines continued to decline, and was beaten by Google.

  Fortunately, he jumped ship in time, otherwise Yahoo's stock price will fall into this year.

   He was still very grateful to Xia Jingxing, because under the persuasion of the other party, he made an extremely correct decision.

Shirley continued: "Thanks to the vigorous development of the game business and Weibo business, the valuation of domestic holdings has risen a lot, and our equity investment has also increased a lot, offsetting the decline in the valuation of Ahri. investment losses.

   Next, Facebook plans to invest in Gaopeng, a start-up group buying company, and plans to acquire a start-up music streaming media company.

  After the two transactions are concluded, Gaopeng.com will enter the Facebook open platform to promote group buying services to hundreds of millions of users;

  Sound Potian became a wholly-owned subsidiary of Facebook, providing music services to Facebook users. "

   Yang Zhiyuan nodded and said, "I am in favor of investing in Gaopeng. There is no doubt about Dalan's vision.

  It is a copyright-related website like Shengpotian. I am a little worried about whether it will cause any trouble in the future?

  Youtube is still outside the Facebook system because of copyright. "

  Xia Jingxing explained: "The four major record companies have already invested in the stock market. There is absolutely no problem in the short term. The record companies also want to open up new financial paths."

   "What about the long term?"

   Yang Zhiyuan took a long breath, "Daren, I'm not questioning your decision, but I understand the urgency of the people in the media group.

  The six major media giants who were looking for trouble with YouTube, including Universal, Warner, and Sony all have record businesses.

  Once we get Soundbreaker developed, they will definitely ask to re-sign the copyright license agreement. "

  Xia Jingxing smiled and nodded fiercely, Yang Jieyuan was right, the record company was indeed greedy, and the copyright fee was increasing every year.

   However, this is also inseparable from the downturn of physical records, and they can only catch a sheep of streaming media.

   "After Facebook goes public, YouTube will be reincorporated into the Facebook system."

  No one was surprised by Xia Jingxing's words, which was no secret among Facebook shareholders and executives.

  The reason why Masayoshi Son made a huge investment of US$3 billion in YouTube is also because he could not directly take a stake in Facebook and chose a roundabout tactic.

  Xia Jingxing said lightly: "Many videos actually insert one or more pieces of music, which cannot be avoided.

  Users may not have noticed that they have been infringed, and simply deleting or taking off the video will not solve the problem.

  As long as we want to operate YouTube, we must deal with six major media and three major records. "

  Xia Jingxing remembers very clearly that YouTube Music, a streaming media service, was launched in his previous life.

   If you want to develop short videos in the future, you will have to deal with the six major media hooligans who are riding horses.

   After this matter, Xia Jingxing felt a little bit wanting to acquire a media giant.

   Of course, not in his own name, but in the name of Facebook.

  Christina said: "Can the founding team of SoundBoth agree to sell the company to us? And 20% of the shares belong to the four major record companies."

  Xia Jingxing shook his head and said, "I don't know either, I can only say try it first!"

   Andrew asked, "What if it fails?"

  Xia Jingxing replied with a firm look: "Then Facebook will do it by itself, and then use the huge number of users to promote it and kill the sound."

  Andrew was stunned, and then said: "What about the investment from Vision Capital? Don't you want it?"

   "It depends on the situation. It doesn't matter if you sell your shares or go to waste. You don't have much money anyway."

   For companies outside the ecological chain, Xia Jingxing has always been more tolerant and generous. Even if the shareholding ratio reaches 40% or 50%, it is really just a financial investment, and the main thing is to make money.

   And the enterprises within the ecological chain must obey his strategy.

   However, this kind of thing still can't be done often, otherwise it will become notorious like Ahri's battle investment department.

   "Let's do this for now, and wait for Ricky's news."

   Yang Zhiyuan nodded and said "Okay", no more beaks.

   Christina and Shirley are not against buying a startup either.

   After all, Facebook’s $60 billion volume is here, so it’s not a big problem to acquire and support a small company.

   Like Twitter, it has been in a state of loss, relying on Facebook ads to make money and blood transfusions.

   "One last thing, when is Facebook going to go public? This is the voice of thousands of employees."

   As soon as Yang Zhiyuan's words came out, everyone turned their attention to Xia Jingxing.

  Sherry added: "Facebook has been profitable for more than three years in a row, the number of registered users is about to break the 1 billion mark, and the growth rate of revenue and net profit has remained above 100% every year.

If    goes public, it can create the largest tech IPO ever. "

   Xia Jingxing did not answer in a hurry, but thought about it carefully in his heart.

   The development of Facebook in this life is far better than that in the previous life, and it almost walked all the way on the corpse of the opponent.

   An intuitive data comparison, the number of users and revenue achieved by Xiaomazi’s Facebook in 2010 and 2011, they achieved in 2009.

   So you don’t have to wait until 2012 for the IPO, you can do it a year or two earlier.

After thinking about it, Xia Jingxing decided not to live up to everyone's ardent hopes, and gave an exact timetable: "When Facebook's registered users exceed 1 billion, let's officially put the IPO on the agenda, and we can also avoid it. During this period of downturn in the stock market, strive to create a $100 billion IPO.”

   Hearing the words, Andrew, Yang Zhiyuan, and Xue Li all showed joyful expressions.

  Especially Andrew, he had been looking forward to this day for a long time.

   More than six years ago, he invested $250,000 in Facebook and obtained a 5% stake. After multiple rounds of financing dilution, he still holds a 3.94% stake.

  If Facebook created a market value of 100 billion US dollars, wouldn't he be directly listed in "Forbes", and he also became a legendary investor who created ten thousand times the return?

On the   youtube side, he also holds a few points of equity, which is worth hundreds of millions of dollars based on a valuation of $15 billion.

   "By the way, how about the statistics of employee options? How many people choose to sell options?

   In short, Vision Capital has been packaged together, giving everyone an opportunity to improve their lives in advance. "

   Kristina glanced at Xia Jingxing and complained a little in her heart, this kind of thing should be discussed at home, it has to be said in the open.

   Xue Li didn't know why, and replied with a smile: "A lot, more than 2%."

"so much?"

  Xia Jingxing was a little surprised and at the same time a little frightened.

  Because of this incident, it can be seen from the side that the employees did wait until the flowers were all gone, and they even started to lose confidence in the company and gave up hope of going public.

   Thanks for the pure state-owned enterprise master and Leizi 50 reward of book friends!

  

  

   (end of this chapter)