Chapter 680 - Short Yahoo (Part I)

"Why put Linkedin in the cloud computing department?" said Jeff Weiner, the former CEO of Linkedin, who was also a former Yahoo employee, about the division of Zhou Shi.

"To be precise, I think Linkedin should be a SaaS industry and cloud computing company, because its main business is to sell its headhunting services and talent resumes to nearly 100,000 enterprise customers around the world. "Zhou Shi

Linkedin's profit model is mainly Talent Solutions, Marketing Solutions and Paid Subscription Division, of which the Talent Solutions division has more than 60% of revenue. This department is actually talent acquisition or the artificial intelligence version of headhunting services. Of course, joining the linkedin DingTalk developed after joining Yahoo, as well as the subsequent mobile office, collaborative office and other functions will also broaden its development path, and perhaps it can also access NetSuite to participate in the revenue share generated through the Linkedin platform.

With Jeff Weiner's questions, Chen Shouzong and others also asked questions one by one, and everyone's understanding of Yahoo's development path became clearer and clearer. One company, two cores, three key points, isn't this the Taoist life two, two birth three, that is, Wuji gives birth to Taiji, Taiji gives birth to two instruments, and two instruments give birth to three talents: four elephants, five elements, six elements, seven stars, eight trigrams and nine palaces

I don't know if they associate Taoist thinking, but with the success of Yahoo, there will definitely be many people who come out to interpret it. Anyway, after this day, Yahoo started a major adjustment of the company's departments according to Zhou Shi's ideas, which also weakened the company's CTO rights in disguise, allowing him to focus on the development of mobile Internet applications. After this day, Zhou Shi and Chen Shouzong also explained to all employees of the company many times.

Where Yahoo came from, what Yahoo is, and where Yahoo will go in the future gradually form a distinct impression in the brains of the company's employees. It will never be like Zhou Shi before he became the owner of Yahoo, and he will not find a direction at all.

In the previous life, Yahoo's successive CEOs did not have a strategic level, so Yang Zhiyuan was very lucky to invest in Alibaba, otherwise its fall would be much faster.

There are many reasons for the success of a company, but according to Sun Tzu's Art of War, the time is not as good as the place, and the location is not as good as the people, which shows that the same desire is very important. Knowing what you want to do, knowing what the company is going to do, and being willing to work for such an ideal, Yahoo has unlimited potential. Many well-known Internet companies pay great attention to corporate culture, and Jackma puts corporate values first, and the fundamental purpose should be to cultivate a team with combat effectiveness. Later, there was a saying in China that Ali had many projects and many friends of penguins, which may have shown that the original driving force for the development of the two enterprises is not the same, relying on their own or relying on others, from now on, there is no conclusion, but Ali's development is obviously more stable. Perhaps the biggest reason why the Chinese Red Army was able to create miracles was that it had an army with simple ideals and was able to persevere.

Of course, Yahoo does not have a single such force now, and due to the previous failures, it has not been high-spirited for a long time, and at this time, what Zhou Shi did was to make the company's loose morale become orderly and orderly. As for making them more effective in the future, they still need to be cultivated by continuous success. It is not unreasonable for the strong to be strong, and a well-equipped team with high morale is no better than the grass team. Characters like my Chao Taizu don't appear all the time. In fact, if a company like Microsoft and Google does not have internal problems, it is basically impossible to fail. There is only one secret to maintaining a long-term foundation, having an excellent and relatively stable management team.

Why did Zhou Shi have to get rid of the founder team when he became the owner of Yahoo? The most important thing is that he wanted to thoroughly clean up Yahoo's management and ensure his authority and management's execution. He can guarantee that Yahoo will not go in the wrong direction for 5 years, but without a good team to help him carry out his ideas, he will not be able to turn back. In more than half a year, Zhou Shi replaced two-thirds of Yahoo's management, and the change in the workforce was relatively small, also changed one-fifth, and if you count the acquired employees, the change is even greater. Zhou Shi has always been indifferent to such a huge change, but has promoted Yahoo's strategy to carry out a very huge transformation.

The American "Business Week" wrote: Yahoo's changes are very obvious, and while we see hope, we seem to be even more confused, what kind of enterprise is this? In one year, it has carried out two very large mergers and acquisitions and several smaller acquisitions, and has incurred very heavy debts for this. While opening up multiple fronts, let your attention be more distracted. It can be said that the person who made this decision was either a madman or a genius. If we consider that the actual controller of Yahoo is a young man in his twenties, we will self-evident what conclusions will be made.

Zhou Shi, who was busy with the adjustment of the enterprise department, was really unhappy when he saw such a report.

"Mr. Zhou, do we want public relations and control public opinion?" Chen Wen

"Control public opinion, are you getting more and more inflated?" Although Zhou Shi was unhappy, he didn't care much about such negative news.

"I'm sorry, Mr. Zhou" Chen Wen hurriedly apologized, there are some things that can be done but can't be said, and there must be a degree, control public opinion at every turn, when the crisis comes, there will be a big problem.

"Why are they issuing such negative reports?" said Zhou Shi

"Is it related to this wave of short-selling of Chinese concept stocks?" Chen Wen

In 2011, Wall Street set off a wave of short-selling stocks, with a total of 46 Chinese companies delisted or delisted from the three major U.S. markets. The shorted companies include well-known domestic companies such as New Oriental, Qihoo and Focus. In particular, the dispute over Yaba has raised many questions about the VIE (Variable Interest Body) model. Among them, Qihu Zhou Hongyi has something to do with him, and the Jiangnan Village of Focus is a Zhejiang businessman, and he has a good relationship with Jack Ma. New Oriental and Zhou Shi's friend, the founder of Xueersi, are peers, but they have little to do with him.

"Keep an eye on this and leave it alone for now. "Zhou Shi

"I see. "Chen Wen

Soon there was a new development in things, and the news of Yahoo's acquisition of MIPS came out, and the public opinion information about Yahoo suddenly broke out.

"Yahoo makes chips?"

"Yahoo who can do anything!"

"A genius from China and his genius ideas"

"Yahoo is on its way!"

"The empire has collapsed!"

Yahoo's stock price plummeted with all the negative information, falling 13 percent overnight and its market value to $33 billion.

At the same time, more financial programs focused on Yahoo and Zhou Shi, and discussed the shorting of Yahoo this time.

"It's a lucky genius, and now it's finally on its way!," someone commented on a TV show.

(End of chapter)