Yahoo took a stake in Netflix, YELP launched a membership card, and Netflix cooperated with YELP for membership, and a series of news hit the market, and the stock prices of Yahoo and Netflix began to soar. The difference is that Yahoo's share price rally didn't take long before it stopped, slightly hitting the $50 billion market capitalization, but it lacked momentum. After all, it has been 3~4 months since less than 30 billion at the beginning of the year, and the stock price is about to double. Netflix's stock price is not like Yahoo, brushing a few daily limits, of course, there is no daily limit in the United States, but for several consecutive days, Netflix's stock price has risen by more than 40%.

"YELP has transformed from group buying, and the future is uncertain!"

"YELP opens up a new way of serving local life!"

"Netflix and YELP join forces to reshape the Internet landscape!"

"Yahoo gave up Hulu and acquired Netflix, causing new turmoil in the video industry!"

"Yahoo's stake in Netflix, Amazon's stock price has fallen, and I am afraid that the competition between YouTube and Netflix will intensify. ”

"Yahoo rebuilds and subverts the existing pattern!"

"Yahoo makes up for the shortcomings of the video, and the strategic adjustment is basically over!"

This summer is not over yet, but Zhou Shi's strategic layout for Yahoo is indeed nearing the end, but it is indeed marked by the acquisition of food delivery company GrubHub. The strength of Lyft, the online car-hailing service, is still very weak, and it does not have the conditions for cooperation for the time being. He also didn't want to attract the attention of some people too early, so he didn't let the online car-hailing owner deliver food part-time.

Yelp turned the ship's head, so that Groupon, which was ready to invest a lot of money, could not afford to continue to compete with Zhou Shi in group buying and seize exclusive resources, or follow up with yelp to do life services and launch membership services, which is another difficult choice.

"Now it's up to Google to do it!" Shen Haoyu has been busy during this time, the pressure on Google is too great, such a giant company, financial strength and talent technology are not worse than Yahoo, as the direct person in charge of YELP, how can he not have much pressure.

"They have money, of course they use money to smash it!" Zhou Shi, Google is basically led astray now, it depends on when they wake up. Yahoo's focus is on artificial intelligence, big data and cloud computing, not on today's life services, and not on Google's other focus, smartphones.

The relationship between Zhou Shi and Google has changed from the previous harmonious coexistence to the current drifting away, and the key is that Guoke has almost completely withdrawn from the Android camp, concentrating most of his energy on the time Android system, and refusing to OEM the production of Google's own son Nexus mobile phones. Invested in the Android system, which is also open source, Zhou Shi also hired a female CEO in the United States with deep government relations, coupled with a large amount of capital investment, there was finally no such fucking thing as banning Android mobile phones.

"Yes, they have money, maybe they can smash a future. "Shen Haoyu

"What's wrong, don't have the confidence to beat Google?"

"There is still confidence, and we can beat it through continuous innovation" Shen Haoyu

"Groupon doesn't have any advantages except for a lot of money, if this world can succeed with more money, then there won't be so many Internet miracles!" Zhou Shi

"Why do Groupons only have a lot of money? They also have a talent advantage. "Shen Haoyu

"What kind of talent is Google?" Zhou Shi

"Mainly software development engineering and technical personnel ......" Shen Haoyu

"Got it! Yelp's talents are different from them, do you say that this industry is a win in technology, or a win in service?" Zhou Shi

The difference between Internet companies and life service e-commerce companies is too big, Baidu's C2C platform failed without even bubbles, but they don't know what e-commerce is, and there are no suitable talents to do it. Technology leadership is a good thing, but technology leadership doesn't necessarily lead the market, and Yelp's long-trained promoters aren't vegetarians.

If Google can predict the potential of this market, then it will pay the corresponding resources. The problem is that with Yahoo in the lead, Google will have to use more money and energy to compete with Yahoo. Yahoo loses a dollar, and Google has to spend more than two dollars to keep up. In this case, it's really unknown how long Google will be able to hold out. Will he ignore the laws of the market and hurt people with his roots, or does he really think that this is a trillion-dollar market? If that is the case, Zhou Shi can only admit defeat, spin off YELP, and introduce private equity and venture capital.

"Our strength is no weaker than Google......" Shen Haoyu

"Have we incorporated hotel services into Airbnb?" Zhou Shi thought about and asked, food, clothing, housing and transportation, the four basic needs of human beings. Yelp is basically involved in food, housing, there are no conditions to sell clothes, and in terms of travel, Yelp has invested in Lyft (Time invested in Uber). However, even if YELP does not sell clothes in the future, there will be no shortage of food, housing and transportation.

In the future, yelp will be a provider of lifestyle services and e-commerce, that is, food, drink and entertainment services, Airbnb will be a provider of accommodation services, and Lyft will be a provider of travel services. In other words, Yelp will spin off three major brand subsidiaries, and they are advancing this plan step by step.

"Happy, Airbnb is getting more and more attention right now, and people are even noticing our investment in Lyft!" said Chen

There are a lot of people who pay attention to the online car-hailing market, plus Zhou Shi has invested in this industry with friends, some people have invested in Uber, such as Bezos, Jack Dorsey and others, and some people have invested in Lyft, such as Ellison and Musk. This industry is invested by well-known Internet tycoons, which naturally attracts attention. Although Zhou Shi is unimpressed with the ride-hailing industry, who makes everyone very interested, if it is not for the lack of money, maybe they want to buy Lyft now.

"What are the countermeasures of our people in the legal department?" Zhou Shi has doubled his investment in the legal department since he moved to Yahoo, just to deal with various emergencies and legal disputes over shared services such as Airbnb. The reputation for disruptive innovation is not a joke, and it is likely to die because of their poor response.

"Claude said, don't worry, our own defenses are already perfect, even if there is a case, they have all kinds of plans!" "Chen Shouzong, Claude is Yahoo's chief legal officer.

Zhou Shizhen doesn't want to include online ride-hailing in Yahoo's system, there are too many troubles, in addition to facing legal disputes around the world, there is no hope of making a profit, no, there should be no hope of reducing investment. This is an industry that requires sustained high investment, and the lack of money is to issue bonds in addition to financing, but long-term debt operation is a very dangerous thing in Zhou Shi's view. This is one of the reasons why he did not insist on acquiring Netflix. If he is in China, he will be much more relieved, at least there will not be so many malicious eyes.

"That's good, we can't let legal issues affect our development!" Zhou Shi

(End of chapter)