On the stage, Lu Qi stretched out his hand to signal the audience to be quiet.

After a while, the sound of the scene quieted down, and everyone looked at him, waiting to hear what he had to say.

Without going around in circles, Lu Qi announced directly.

"We are honored to announce that Facebook, Microsoft, Google, Citibank, and Walton Family Fund have reached a consensus after negotiation. Facebook North America, Inc., with a total share capital of $1.2 billion, has increased its share capital by 800 million shares at a price of $10 per share, raising a total of $8 billion. The four companies or funds present subscribed for 200 million shares each and became shareholders of Facebook North America!"

"Wow!" suddenly, the audience was in chaos again.

Although everyone has guessed, Microsoft and Google should have taken a stake in Facebook North America.

However, no one thought that the valuation of Facebook North America would be so high!

At this price, Facebook North America is worth $20 billion!

That's not a small amount.

Even if Google is about to go public, everyone's valuation of it is not much higher than 20 billion.

"Mr. Ballmer, is this valuation real? Is Facebook North America really worth so much money?"

Immediately, a reporter from the audience raised his hand to ask a question.

"Mr. Larry Page, Google hasn't thought about developing its own social platform, why is it paying such a high price to take a stake in Facebook?" asked Susan, who also tried to squeeze to the front, raised her hand.

Seeing that the audience was so chaotic, Lu Qi hurriedly maintained order again.

"Don't worry, everyone has the opportunity to ask questions and speak, but they have to come one by one, otherwise, several people on the stage don't know whose questions to answer. This lady, you come first. ”

As he spoke, Lu Qi pointed to Susan.

A staff member walked over and handed Susan a microphone.

Susan hurriedly stepped forward, took the microphone, and asked in a loud voice: "I would like to ask Mr. Larry Page, do you think it is reasonable for Facebook North America to value $20 billion? If it takes $2 billion to get 10 percent of the shares, will it be more in Google's interests to use this money to directly develop its own social platform? Everyone knows that Google is not short of traffic!"

Her question was also met by many reporters at the scene.

Indeed, in everyone's opinion, the premium of Facebook North America is too high!

It took $2 billion to get 10 percent of the shares, which is too expensive.

If it is Citibank or the Walton family, it is understandable, after all, they are not engaged in the Internet industry, and it is normal to have a premium if they want to find an ideal investment target.

But for Google, Microsoft, and especially Google, it's completely unnecessary!

Google has now surpassed Yahoo in the field of search engines, and it is regarded as the largest traffic entrance to the global Internet.

In this case, why not just make a social platform yourself, 100% holding, it may not need so much money as 2 billion US dollars.

Hearing this, Larry Page had a wry smile on his face.

Although these reporters in the audience are not laymen, after all, they are all IT lines and have a certain understanding of the Internet.

However, they may not understand how difficult it is to achieve the scale and volume of Facebook!

Moreover, if you make your own social platform, you will definitely not be able to enter the field of instant network communication, because there are already two giants, ICQ and MSN.

It can only be a blog site, that is, to compete with Facebook.

Is that easy?

Just kidding, Facebook already has a whopping 50 million registered users!

What's even more terrifying is that the user activity and stickiness of this website are ridiculously high.

Larry Page is an Internet expert and has long studied Facebook.

After many discussions within the company, everyone was frustrated to realize that Google could not make such a website.

If you imitate Facebook, you are likely to face legal action from Facebook.

If Facebook is just a small company, then Google may not care, and the lawsuit will be filed, dragging you for a few years, and seeing who can't hold it first.

But the problem is, Facebook headquarters has billions of dollars in cash!

Richer than Google.

Moreover, the style of doing things in the face spectrum has long been known to the North American IT circle.

When Facebook Games first entered North America and opened a new company, there was a big lawsuit.

The lineup of lawyers......

It fully shows that this is a company that protects its own interests at any cost.

For such a company, no one dares to provoke.

If you really want to fight a lawsuit, don't talk about winning or losing, it is estimated that you will be dragged down first.

Competition and competition can't be competitive, plagiarism and imitation of this road and dare not go, Google is also helpless, can only pay money to buy shares, choose to take a ride on Facebook.

Because for this kind of social platform, Larry Page is very bullish and thinks that it will be a more promising Internet model than portals.

So when I heard that Facebook North America was going to expand its shares and raise funds, I hurried over.

As for the price, although it also feels a bit high, but the other three giants have agreed, what can they do, they can only agree to it.

............

"This lady, when it comes to Facebook's valuation, please trust the professionalism of several of our companies. Especially this time, with Citibank on board, I'm sure they will know better than anyone how much Facebook North America is worth. ”

Larry Page politely said that in order to prove that Google's investment was correct, he also deliberately pulled Citibank out for endorsement.

You may question Google's decision-makers for overestimating Facebook's North American value.

However, no one should be able to question Citibank's professionalism in investment evaluation, right?

Even Citi paid for the shares, so of course Google did nothing wrong.

Hearing Larry Page mention his side, William Rhodes also smiled and said: "Everyone, in fact, there is a very direct reference for the valuation of Facebook North America, that is, Facebook Continental. Of course, its market value also includes the valuation of some of Facebook's North American companies. ”

As soon as he said this, the reporters in the audience were silent.

Facebook's market capitalization is already as high as $40 billion, which is something everyone knows!

Even if there are $12 billion in it, it is the valuation of Facebook North America.

Excluding this part, the market value of Facebook Mainland is still as high as $28 billion.

The market that Facebook mainland is facing is only a mainland market.

Facebook North America, for the world!