After staying in China for a few days, Zhou Shi returned to Silicon Valley, and the news that Yahoo was preparing to spin off YEL was officially announced, and the stock price, which had maintained a steady upward trend, encountered a big explosion, and the stock price finally surpassed Yahoo's all-time high of $128 billion.

"Four times higher in four years, Yahoo stock price hit an all-time high!"

"Zhou Shi surpasses Yang Zhiyuan, a duel between two generations of Chinese geniuses!"

"Yahoo's Past, Present, and Future!"

"Yahoo in the era of portals, Yahoo in the era of mobile Internet!"

"An all-encompassing Yahoo and an all-encompassing Yahoo!"

"The same Yahoo, different Yang Zhiyuan and Zhou Shi!"

"The spin-off of Yahoo and YEL, the complete transformation of Yahoo!"

"Failed merger, right chief!"

The news of Yahoo's stock price hit a new high and the breakout broke out in the media in China and the United States, and various interpretations and analyses of information swept up FF, Twitter, Toutiao and Yahoo Moments. Then interview requests filled Yahoo's mailbox, and Yang, including Mr. Yang, received a lot of them.

"How can our stock price rise so high?" Zhou Shi asked Morse with some concern

"It's normal, Yahoo Messenger, Flickr, Toutiao, ORA, Mail, we have more than a billion users all over the world. Yahoo Search has greatly improved the market in North America, Australia, India, China, we also have artificial intelligence, cloud computing, we have the future!" Morse

"Do we really have a future?" Zhou Shi came back to his senses and said slowly

"Of course, we have a future!" Pichai affirmed

Yahoo's market capitalization of more than $130 billion is both expected by Zhou Shi and unexpected by him. Yahoo's market capitalization has risen, and the market capitalization of its competitors Google, FF, and Twitter has fallen. After all, everyone relies on advertising to survive, and in the case of a certain market capacity, the success of one party is the failure of the other.

Google's market capitalization is about $380 billion, $70 billion lower than in the previous life; FF's market value is about $200 billion, $400~$50 billion lower than the same period in the previous life; and even Microsoft's market value has fallen to around $3,000 for inexplicable reasons, $50 billion lower than the price in the previous life. Apple's share price ...... Apple and Yahoo are not related...... As for Amazon, its market capitalization has come to $200 billion, and nothing seems to have changed. Of course, he didn't feel the fact that Zhou Shi had pitted these enterprises. After all, Yahoo's market capitalization is still far from the giant companies he remembers.

"What do you think about Yahoo's market capitalization exceeding its all-time high?" interviewed Zhou Shi by a reporter from Yahoo Finance

"Yahoo has lagged behind for too long, and the gap between us and Microsoft, Google, and FF is a bit big. "Zhou Shi

"Don't you think you've surpassed Mr. Yang Zhiyuan?"

"If you take inflation into account, Yahoo is not worth more than it was 15 years ago. However, we are all full of confidence in Yahoo's future, and it seems that there is no problem in surpassing it.

You must know that the current Yahoo is completely different from the Yahoo of the past!"

"Do you think Yahoo can surpass Google or is itself better than Yang Zhiyuan?"

"It doesn't matter what I think, what matters is what you think, I don't think I'm going to be worse than Eric Schmidt!

"I think so, too, Yahoo can't be worse than Microsoft!

But why did you choose to spin off YEL now?"

"Yahoo is an Internet technology company with a focus on technological advancement, and YEL is an Internet service company with a focus on using mature technology to provide valuable and high-quality services to consumers and merchants! The corporate culture of the two companies has always been different, because of the difference in innate genes, it is difficult to integrate. Instead of continuing to restrain YEL's development, it is better to let go of the reins and let it soar freely!" Zhou Shi

"Will there be any difference between the two companies after they are separated?"

"It's no different, there has always been a distance between Yahoo and YEL, and now it's just a little more clear about the rights and obligations of both parties. Giving Pichai and Mayer more time and energy to focus on the development of Yahoo itself. I believe that YEL's Sheng Haoyu will be able to have better development after letting go of his hands and feet. "Zhou Shi

……

Zhou Shi gave a detailed explanation of the spin-off of Yahoo and YEL, and Yahoo's business strategy after the spin-off, and the interview script was quickly pushed out after some modification. Looking at Yahoo's steady stock price, Zhou Shi knew that there would not be many voices of opposition. It is also true that although there is a lot of opposition in the media, there is not much pressure at the shareholder level.

And it's not just Yahoo who spun off, but also eBay, compared to the calm on Yahoo's side, because of his participation, eBay's board of directors has a bit of a treacherous flavor. Some people support it, some people oppose it, it's normal, but Hu Zuniu and others are doing something abnormal.

"Ali didn't split Alipay, why did eBay do this?"

"The spin-off of eBay and Ayal is a lose-lose situation. ”

"This spin-off is detrimental to the company's development in the long run and harms the interests of shareholders."

"eBay and Yahoo are still different, can Devin Vinig be compared to Zhou Shi?"

"Why not take Yahoo's spin-off model and let Ayal go public independently as a subsidiary of eBay. Rather, shareholders receive 1 share of Ayal for every 1 share of eBay they hold, and eBay shareholders can receive shares of Ayal without any action. This may seem convenient, but the deregulation of the two companies will increase the operating costs of both companies......"

"What eBay wants to do is to change a CEO, not a spin-off. ”

"If it really doesn't work, let Yahoo buy eBay! I believe in Zhou Shi's ability to lead eBay and Amazon to compete. ”

"Maybe Yahoo's spin-off of YEL is to prepare for the acquisition of eBay after the spin-off of AYAL!"

"Yahoo has decided to buy eBay?"

……

Then the news of Yahoo's acquisition of eBay made headlines and caused a lot of inquiries.

"Carl Icahn and other shareholders are asking if we're interested in buying eBay?" Morse

"Why did you buy eBay?" Zhou Shi was inexplicable, and a fake news actually made them have a careful discussion.

"Shareholders on both sides are bullish on our merger with eBay!" Morse

"It's not going to be Cal Icahn, this guy is really annoying. "Zhou Shi, although Karl Icahn didn't cause trouble for himself, his very existence was a trouble.

"......" Morse

"Yahoo's strategic direction has been decided, and our acquisition of eBay is not worth much, but it will drag down our own development.

Ali's Taobao model is not necessarily suitable for the United States, and Amazon's advantages in e-commerce are obvious. Pichai also objected.

Ebay is now worth about $75 billion, and if the two sides merge, it will be a 200 billion company, and if Yahoo buys eBay, the debt burden will be heavy. It will obviously affect Yahoo's development in artificial intelligence and cloud computing, so the choice is actually obvious......