Yelp went public independently, Yahoo's market value did not fall, and the two companies that were not in harmony made a separation, allowing Yahoo's management to focus more on the development of Yahoo itself, and the stock price continued to rise. Within a few days, Yahoo's market capitalization exceeded $140 billion, heading towards $150 billion.

In fact, Yahoo's market value is still somewhat undervalued, it holds 25 percent of Alibaba's shares, and according to Alibaba's current market value of more than $200 billion, Yahoo's holdings are worth about $50 billion. There are also 15 percent of Netflix's shares and 35 percent of Yahoo Japan's shares, which add up to at least $10 billion. Coupled with the current Yelp, based on a market capitalization of $40 billion, Yahoo's equity value is also around $30 billion. That said, Yahoo is very successful even as an investment company.

"Seriously Underrated Yahoo!"

The craze formed by the love-hate relationship between Zhou Shi and Baidu has not completely faded, and some media have made a series of reports on Yahoo. From Yahoo's investment perspective, Yahoo holds $90 billion worth of shares and the potential for future growth of these companies. With the exception of Yahoo Japan, every company has a huge room for growth. Even without mentioning this, Yahoo's strength in the mobile Internet and its investment in cloud computing are seriously underestimated.

The article focuses on Toutiao and Yahoo Messenger, two killer apps, Toutiao has gradually replaced Facebook as the number one source of news for users. More authoritative and high-quality journalism, a more free access to knowledge isolated from social networks. In the future, the number of users may surpass that of Facebook!

Zhou Shi is skeptical, saying that the upper limit of news reading apps should be lower than that of social networks. Toutiao has this potential, but it should be possible to surpass Facebook in terms of user activity and usage time. Networking is not necessary every day, but access to news information and fragmented knowledge is. The last Toutiao used more than 74 minutes a day, which shows its huge potential. If you use it for more time, you will have a lot more ads, and Yahoo will earn a lot more.

"Seriously Underrated Yahoo!" also said that Linkedin's workplace social networking site is evolving into a cloud computing company similar to SAFTSE Salesforce, whether it is mobile office and automation represented by DingTalk, or big data analysis and so on, it has great potential......

"I can't think of why Yahoo's market capitalization is so low, even if they only have Yahoo Pass and Toutiao are worth 100 billion dollars. Not to mention that they also have Yahoo Search and Linkedin......" says the well-known financial journalist.

Although it is somewhat exaggerated, it is still basically credible, and Yahoo naturally thinks that the market value is undervalued.

In the next few days, Yahoo's stock price continued to rise, and when Zhou Shi came to China to participate in the second World Internet Conference, Yahoo's market value exceeded $150 billion.

"Are we ready for this World Internet Conference?" Zhou Shi called DeepMind's Demith Hassabis.

"Of course, this is the first time we've appeared in front of the world, so there's no problem!" said Dames Hassabis.

Yahoo and DeepMind, or Demith Hassabis, have a fairly good relationship, but this is mainly due to Zhou Shi's concessions. The British are arrogant, or arrogant in disguise!

"Then I wish you a smooth journey!" Zhou Shi

DeepMind's Alpha Dog is finally on the horizon, Yahoo's support for DeepMind has come to fruition, and it's unknown whether they will be able to replicate their success when they were under Google.

"Thank you!" said Damith Hassabis

"If you make a fool of yourself at that time, it will not only be Yahoo who will lose face......" Zhou Shi

"Of course, but it would be better if Mr. Zhou had more confidence in us!"

Confidence is not generated in a vacuum, Zhou Shi secretly complained, but did not say it.

The outside world has always questioned Yahoo's artificial intelligence, I don't know what this thing is for, Yahoo has a stable income like Google, maybe it can be profitable this year, but the biggest profit comes from the transfer of five percent of Yelp's shares.

Yahoo's revenue figures for this year have been largely determined to be lower due to the spin-off of YELP. Fortunately, the profit figures will be more objective......

The number of monthly active users of Yahoo Pass worldwide is about to reach 600 million, Toutiao will have more than 200 million users at the end of the year, and Whatapp users may reach 800 million by the end of the year. Yahoo Tong Yahoo Official Account (Toutiao's official account is Yahoo Official Account, and the reverse is not valid, and Toutiao's qualification review is stricter...... It reached 5 million, Moments ads, official account ads, and third-party channel fees, making Yahoo Messenger's revenue exceed $4 billion (200 million Japanese Line users in 15 years, and revenue reached $1 billion).

Instagram has more than 400 million monthly users and 400 million monthly active users on Flicker, but there is obviously a big difference in the growth rate between the two sides, you know, Flicker has far more users than Instagram in the beginning, and it was founded many years earlier. The number of monthly active users on both sides is about the same, but the difference in usage time and frequency is more obvious, and the corresponding is advertising revenue, which was launched in the middle of this year, and Flicker is almost half of Instagram's, and it may be $500 million this year.

Toutiao's advertising revenue is also not very large, probably more than $2 billion. The mobile Yahoo and Yahoo News apps add up to about $1 billion.

Linkedin 2015 because of the popularity of DingTalk, the number of users reached 500 million, the annual revenue is expected to reach 5 billion US dollars, in addition to talent solutions, marketing solutions and paid subscription revenue, the fastest growth is cloud service distribution revenue and mobile office value-added service revenue (including cloud office and cloud storage) and so on.

Yahoo Search's market share has increased significantly, and the application of artificial intelligence and cloud technology has made Yahoo Search suppress Microsoft Bing in terms of search result accuracy and response speed. With a market share of more than 20 percent in the United States, and revenue outside of the Chinese market, Yahoo also has nearly $5 billion in revenue.

Even if Yahoo's annual revenue is close to $20 billion, which is about the same as Facebook's annual revenue, Yahoo is losing money! Yahoo is losing money! Yahoo is losing money! Important things are said three times.

The investment in the public cloud, Yahoo Research Institute, Yahoo Pass, Toutiao, Linkedin, etc. are all in a period of rapid growth, and in order to get more users, Yahoo's advertising is very cautious and strictly controls the number of advertisements. Some have even recently had ad revenue......

Losses, combined with high costs, an unpredictable future, and strong rivals, Yahoo is not the boss in almost all areas except Linkedin, are all factors that drive down valuations. Take a hundred plating to read the latest chapter of "The Rebirth of the Post-80s Legend Claw Book House" for free for the first time.