"Yahoo is a great company, and I believe that under the leadership of Zhou Shi, Yahoo will become even greater!" Yang Zhiyuan finally broke the silence, he left Yahoo half of Zhou Shi's request and half of his own wishes, otherwise he would not have persuaded Fei Luo to leave with him. Although I don't know if Zhou Shi is doing the right thing, but judging from the current development, Yahoo is more dynamic and imaginative.

"Whether MIPS is open source or not, it shows that Yahoo is a company with aspirations, and their investment in artificial intelligence, big data, and cloud computing speaks to their pursuit of the future. We should give them more time to prove themselves. "A well-known figure in the IT industry

Soon Yahoo's financial report for the fourth quarter of 2011 came out, and the current data is certainly not good, Yelp lost more than $500 million because of marketing, LinkedIn also lost some, and Deepmind basically had no income, Yahoo's stock price fell firmly towards $30 billion.

In fact, Yahoo's stock price is definitely not normal, according to the 2011 financial report Yahoo holds 35% of Ali's shares, even if Ali is valued at $42 billion, Yahoo's stock value is $14.7 billion, even if taxes are deducted and reflected in the stock market will exceed $10 billion, Yahoo's own business income in 2011 profit in 8~900 million US dollars, 12 billion US dollars according to the 15 times P/E ratio, yelp group buying has not declined, the market value should be around 10 billion US dollars, and the market value of Linkedin should be 50~10 billion US dollars. In this way, how can Yahoo's market value be 40 billion US dollars!) (There are different ways to acquire companies, and the market value after the acquisition is also different.

Yahoo's stock price is falling, Guoke's stock price is falling, and even Netflix and Adobe are implicated. As a result, Netflix's stock price, which suffered from unjustified disasters, fell again.

Zhou Shi, as the first multinational executive to go abroad, has undoubtedly received a lot of attention, but because he has always been directly involved in the front line of corporate management, and relatively speaking, he lives in a simple house and has no luxury of life, so he has not attracted much attention. Every time there was a public opinion turmoil, it quickly subsided, and besides, he was a Chinese, not like Zuckerberg, who was naturally close to him, and there were more people who were prejudiced against him. There are also many people in China who have been kneeling for a long time and have not stood up, believing that Zhou Shi is not capable of dealing with complex management problems of multinational enterprises. And Zhou Shi has a criminal record, he and Li Yinan made a mess of Datang Telecom, and after they left, Datang Telecom regained its vitality and developed greatly.

Fortunately, it was 2012 at this time, not when Zhou Shi first started his business, he shouted cloud computing for several years, from that time no one believed it, and now Time Cloud has become the world's second largest public cloud giant, and there are not many people who deny the value of cloud computing. Big data is easy to understand, whether it is a portal, mailbox, social network or search engine, it can generate a large amount of data, no matter which country Internet users, there is no secret for Internet giants. Moreover, in the big data industry, data is not the most important, but the ability to analyze data is the most important. In addition to using supercomputers, the ability to analyze data is more reliable than deep learning and artificial intelligence.

Yahoo's three engines of artificial intelligence, big data and cloud computing are all good strategies even from the perspective of this time period, but a downward trend has formed, and the market has fallen into an irrational state. At this time, LinkedIn announced its user count, which reached 150 million on January 25, 2012. However, no one cares about the development of LinkedIn, and Yahoo has actually fallen below $30 billion.

"I'm sorry this time, but I didn't expect Netflix to be implicated. "Zhou Shi, Netflix's previous market value was less than $8 billion, and now it looks close to $5 billion.

"Hey, I can't blame you for this kind of thing, maybe Netflix is dragging you down!"

"What do you think of the merger of Yahoo and Netflix now?" Zhou Shi, Yahoo has cleaned up almost all of its video business before, leaving only a basic video service, and it has been ranked very low in the development sequence, Yahoo is now short of money, but there is no extra money to develop a video business that burns money very quickly.

"We have a wealth of user data and promotion channels, coupled with a huge amount of traffic. It's a huge advantage to promote Netflix, and I can make Miramax and Netflix a strategic partnership. "Zhou Shi, the former reason is enough, Google and Facebook have more advantages, and the latter reason, Miramax won the management rights and 6% of MGM last year. With the support of the capital of China, the United States and India, it is difficult to develop without thinking. The only disadvantage is the lack of TV network channels, and it is difficult to sell TV rights.

"I'm also a shareholder of Disney, which can make Disney's partnership with Netflix last longer. Zhou Shi, News Corp and several media companies invested in the establishment of a genuine video company called Hulu, which also used Time Cloud. In other words, Amazon has YouTube, and many video sites don't cooperate with him anymore, but providing a network foundation for YouTube can also be said to make up for the regret of the loss of Netflix and Hulu.

"I don't deny that Netflix joining Yahoo will be a big boost, but I still want to keep the company independent. Reed Hastings again rejected Zhou Shi's merger proposal.

"Hey, it's a pity, I'm very optimistic about Netflix's development. "Zhou Shi, a streaming giant like Netflix is actually a traditional large TV station, and it is also a large TV station with no geographical restrictions. In the future Internet advertising market, video advertising will occupy a large share, and the development speed is much faster than ordinary advertising. Netflix does not rely on advertising to develop, but on membership subscriptions, which can be regarded as a wonder in the Internet industry. It has always relied on borrowing to grow, and the debt ratio is between 60 and 70 percent, just like Amazon's. Just like Wall Street said, the companies related to Zhou Shi are not normal.

"Why don't we cross-share!" Reed Hastings, although he is confident in the development of Netflix, but in the face of Wall Street's malicious shorting, it is difficult for him to remain indifferent. The decline in stock prices has a great negative impact on Netflix, which relies heavily on external funds, that is, borrowing to develop. Just think about it, how could a bank be willing to lend money to a small company that might go out of business?

"No problem!" Zhou Shi has no opinion, cross-shareholding is inherently unfair to two companies of different sizes. Judging by the results, it is clearly in Yahoo's favor.

(End of chapter)