Chapter 659 Difficulty in profitability

  "We only need to spend 100 million US dollars on Twitter. Once it succeeds, the return will be a staggering tens of billions of dollars. If it fails, the loss will only be 100 million, which will not cause great harm to Facebook as a whole.

  Don’t think I’m exaggerating. Just think about the support provided by YouTube to Facebook’s super high valuation. "

  All shareholders were silent for a long time, and no one spoke.

  Brayer let out a long sigh, looked at Xia Jingxing with piercing eyes, and said, “Dalun, I believe in you, I believe in your sense of smell and sharp judgment in the social networking industry.

   Isn’t it just 100 million US dollars? Just hit it! "

Speaking of this, Breyer looked at the foreign girl again, smiled and said: "Kristina, in the process of development and operation, what resources Twitter needs to mobilize, you can mobilize it directly, and I will support you unconditionally. I look forward to you very much. Make Twitter one of our troikas."

  Xia Jingxing and the foreign girl looked at each other and smiled, Breyer's remarks were very beautiful, and the support came at the right time. This is the real smart person.

  With Breyer, the major institutional shareholder taking the lead in expressing his position, other minority shareholders, either proactively or passively, began to speak out.

  Finally, the general meeting of shareholders reached the first resolution, supporting Twitter with a lot of money, and letting Twitter sprint to see if it can become the next "oil pipe".

  I also decided to temporarily suppress all the possible impact and distress on Facebook and give way to Twitter.

  The meeting entered the second topic-the open platform.

"I support!"

  As soon as the foreign girl's voice fell, Larson raised his hand and was the first to express his support.

Seeing everyone’s surprised eyes, Larson explained with a smile: “This is an excellent idea that will help expand Facebook’s influence, increase user stickiness, and make Facebook a platform, the Internet for everyone. The kind of platform that is indispensable to life, not just a website for making friends."

  The decision of the foreign girl to open the platform was naturally inspired by Xia Jingxing.

  In the past year, Facebook has spent most of its energy on Facebook and YouTube’s overseas market promotion, optimization and upgrade of advertising systems, and revenue expansion. This has led to some lagging behind in functional innovation.

In this life, under the guidance of Xia Jingxing, Hainei.com was the first to launch an open platform, even earlier than Facebook.

  From a certain level, where Xia Jingxing goes, he brings innovation to wherever he goes.

  In less than a year after returning to China, he has invested in more than a dozen Internet companies with unlimited potential, and signed open platform cooperation agreements with these companies, making Hainei.com more and more potential.

  This is the true view of the shareholders on Xia Jingxing.

  Although Xia Jingxing is no longer in the position of CEO of Facebook, shareholders have not stopped paying attention to him and asked him about his plan in video conferences from time to time.

  Although he has left, his influence is still there.

  Xia Jingxing's development in China is like a fish in water, freeing up a domestic network, and launching an open platform first on Facebook.

   Insightful shareholder representatives like Larson naturally understand the power contained in this function, which is of great benefit to user growth, user stickiness, and business realization.

  So, the resolution to create an open platform was quickly passed by unanimous votes.

  "Now I'm talking about the third resolution. Taking advantage of the company's good development momentum, venture capitalists are racing to chase it. Will Facebook's Series C financing be quickly opened?"

  The foreign girl paused, glanced at all the shareholders present, and said in a soft tone: “Some shareholders have privately suggested this to me, and they are willing to introduce potential investors to us.

  Take advantage of this opportunity today, I simply put this matter on the surface, and now I invite shareholders to express their opinions. "

  Looking at the strange eyes from investors around, the embarrassment on Reid Hoffman’s face flashed by.

  Yes, it is his suggestion to let Facebook start the C round of financing as soon as possible, and he also said that he can introduce investors.

  In fact, he is also for the good of the company, and of course, he also makes some extra money by the way.

   Facebook has developed to this day, and it has long become a sweet pastry in the eyes of capital, and there is no shortage of sought-after investment institutions.

  But now it’s not easy to join Facebook.

  People often try to get in touch with foreign girls to talk about the issue of shares through the circumstantial relationship. However, the babes expressed their stance very firmly, and did not consider external financing at all before the cash reserves on the account reached the bottom.

  The investors who were waving checks from Sandhill Road in Silicon Valley to sovereign wealth funds of various countries were so anxious that there was a golden doll in front of them, but they just couldn't dig them.

  In addition to contacting foreign girls, many investment institutions that have ideas on Facebook have also sent their ideas to shareholders, including Hoffman, the king of Silicon Valley contacts.

  Since you say you are the "Meng Changjun" of Silicon Valley, then I ask you for help. You can't refuse me, right? Do you want your own sign? And I paid for it, not for nothing.

  Hoffman usually works part-time pimping, and Facebook is just one of his many pimping businesses, but this pimp is good enough to eat for several years, so he is very concerned.

  The headache of foreign girls being entangled by Hoffman, the other party is not that kind of stubborn entanglement, but talks about the truth, and can always analyze all kinds of truths with you.

  What to reserve a little more cash and leave room for yourself. Once you encounter a financial crisis, it will be life-saving money;

  Introduce sovereign wealth funds in major overseas markets to remove some obstacles encountered in overseas expansion;

  Take advantage of financing opportunities to refresh Facebook’s valuation, consolidate market position, and enhance brand influence...and so on.

  Thinking about the foreign girl, she simply threw the topic to the shareholders' meeting, and by the way, tested the opinions of the shareholders.

  Sure enough, her goal was achieved.

  Brayer coughed, “If you want me to say, don’t just make promises outside at will. Facebook is the root. Compared with other petty little profits, it’s not worth mentioning.”

When    spoke, Breyer also glanced at Hoffman several times, which made the latter even more embarrassed.

Axel is one of Facebook’s largest institutional shareholders. In fact, many people have approached Breyer, but they were basically rejected by him. He is not tired of fame, and he really looks down on the intermediary fees or resources. exchange.

  Larson also heard Hoffman’s pimping on Facebook, but he didn’t pay much attention to it at the moment and focused on financing.

  "I suggest the next round of financing. Although the company still has a lot of cash in its accounts, the revenue in the past 12 months has exceeded 500 million US dollars."

  Larson spread out, "But we spend more, and there is still a long way to go before we reach the line of revenue balance."

  Xia Jingxing remained silent, Facebook and YouTube rushed overseas, and online and offline advertisements spread across dozens of countries and regions.

  The price is that the money flew out of the account like snowflakes.

  In addition, Facebook has set up multiple branches in Europe, Japan, South Korea and other countries and regions to recruit local Internet talents. Facebook’s personnel scale has expanded tremendously in the past year, and its labor costs are also exaggerated.

  In terms of research and development, Facebook has not stopped investing, and it has invested more than ever.

   Facebook is so scary to spend money, but compared to YouTube, he is still a younger brother.

   A video website that can support more than 200 million people visits. The monthly bandwidth consumption is an astronomical figure. It is hard to earn some advertising fees and half of it will be given to video bloggers.

  For the oil pipe, Xia Jingxing once said to the foreign girl that he must be prepared to lose money for ten years. This is not just talking, but seeing the difficulty of profitability of video websites.

  Previous life tubing on Google Singer, after more than ten years of raising it, it will usher in the final harvest, that is, profit. It can be seen how big the hole in the video is, and only giant companies can afford it.

   "... Facebook does not yet have the function of self-hematopoiesis, not to mention the support tubing. Therefore, self-sufficiency is temporarily impossible."

  Larson glanced at the foreign girl, then at Xia Jingxing, and continued: “In view of this, Facebook has to continue to raise funds until it truly achieves overall profitability.”

When the foreign girl was about to speak, Larson added, "Of course, this financing is also very particular."

  (End of this chapter)