"What I'm going to do is All in Mobile, cutting out the current overabundance of product lines and focusing on our strengths projects, prioritizing more people to use our products and services, not how to make money. We want to reinvent this business with the spirit of an entrepreneur and bring it back to life. I don't know if the current employees can have the passion to start a business, but I don't need anyone who is content with the status quo. We want to become a technology company, not a media company, not a group buying company, no technology company is pitiful, we must have our own technical advantages, search engine is a project we must pay attention to, although Google is very strong, but our strength is not weak, mobile search demand may be our biggest breakthrough. Yahoo's news services, including sectors such as sports, finance, and entertainment, are our strengths, and this advantage needs to be strengthened as well...... As for yelp, it's not a group buying business, it's an internet service business, it's an O2O business, it's a sharing economy business, and it's going to go the way I thought about it, and if possible, increase the ...... between Yahoo and yelp."

At Yahoo's shareholders' meeting, Zhou Shi expressed his own philosophy on governance. There is still a lot that has not been said, such as the transformation to AI, and the specific approach is also a little vague and uncertain, and he is not sure enough, he will not make all his thoughts public. Then it was time to question, and they also had to have more in-depth thoughts about Zhou Shi's thoughts, many of which had not been shown in previous performances, or their questions would be raised at this time. Therefore, many secret ideas are still unrealistic, but fortunately, even if these people know all of Zhou Shi's ideas, they may not be able to replace themselves to do it. No one is like Zhou Shi who has enough understanding of the future, even if this understanding is not necessarily correct, but at least it will be very close to the correct answer. Every enterprise has the ability to self-regulate, and will play a great role in the hands of excellent people, Zhou Shi's strength is to point out a relatively correct development path, and then let others help him charge.

The next few hours were spent explaining that a listed company with many shareholders was far more complex than imagined, and everyone seemed to be intervening and grabbing their own interests in it. This, combined with careerists who joined Yahoo during the turmoil, complicates Yahoo's shareholder meetings. Fortunately, he didn't think about getting everyone's consent.

"If Yahoo were to buy YELP, I would have to take the top control of Yahoo, and any decision in the company would have to be final on my decision, and to prove my determination and align our interests, I would invest in some of Yahoo's shares and guarantee that I would be the largest shareholder. I will not compromise on this, and there is no need to discuss it!" Zhou Shi, at least for now, Yelp's development prospects far exceed Yahoo, and he is already in an advantageous position.

Zhou Shi has many advantages as Yahoo's chairman and CEO, such as his relationship with Alibaba can ensure that the cooperation between the two sides will be smooth, and secondly, Yelp's development is very good, and there are many well-known investment institutions that are optimistic, this time the "billion-dollar offensive" or "April Fool's Day campaign" that began in April has allowed Yelp to completely consolidate its position as the market leader in the field of group buying. Google's acquisition of Motorola also makes it unlikely that its support for Groupon will meet expectations. Yelp's market position is difficult to shake in a short period of time, and in the world of the Internet, the difference of one year may be two worlds. At this time, Yelp's valuation of more than $10 billion is certain. Even if it is said that its market capitalization is $15 billion, someone will definitely agree. Although the bubble will be big, the financial market itself is blown up by the bubble.

The final price of the alliance and the tribe's competition for Motorola will definitely not be only the $12.5 billion acquired by Google in the previous life, but how much it will rise depends on the ambition of Microsoft, the ally of the shell. That is to say, even if Google has deep pockets, it will consume a lot of money in his strategic core projects, and group buying is just a supplement, and Google will not delay its own development for group buying as long as it is still sensible.

Similarly, people who really hope that Yahoo is good, knowing the relationship between Zhou Shi and Guohu, and knowing Zhou Shi's latent strength, will have more trust in his ability. Although I doubt that Yahoo is undervalued, but seeing its current market value of $20 billion, how many people have the confidence to fight Zhou Shi to the end. Of course, barbarians like Karl Icahn are also annoying, they are good at taking advantage of your illness to kill you, and they can always find a way to disgust you for short-term gain. If Zhou Shi can give confidence to the majority of shareholders and can bring enough benefits, then it is almost certain that a clown like Carl Icahn will not be useful.

It turns out that Zhou Shi's ability still conquered most people. Even the price at which Yahoo acquired Yelp was agreed by the vast majority of Yahoo under Zhou Shi's concessions. The two sides exchanged shares at a ratio of 1:2, which means that Yahoo issued an additional 50% of the shares to acquire Yelp. At the same time, for some of Yahoo's shares, Zhou Shi announced that he would transfer 2% of Amazon's shares (Amazon's market value at this time reached $100 billion) and 5% of Netflix in the next six months. Upon completion of the transfer, he will hold just under 10 percent of Amazon and 5 percent of Netflix.

Amazon and Netflix are both very good companies, and their future achievements are great, and they may not be able to buy back their shares at this time, but it is not realistic for him to hold Amazon's shares for a long time, and how to make him feel at ease if he does not open the shareholding gap with Bezos. And with the expansion of the company, such as the nut pad and the Amazon kindle fire tablet have been released one after another, the positioning and price of the two sides are extremely close, and there will be more and more competition between each other in the future. Yahoo is likely to be involved in the video field in order to develop, so Zhou Shi's identity will definitely bring a lot of problems, including legal problems. As for Netflix, he is not on the right path yet, and it is said that Hastings has a more radical idea to leave for a while, cash out this part of the benefits, and find a way later. Besides, Netflix's current market value is between $120~$15 billion, and five percent of its shares are worth $6~$800 million. So it's not hard to imagine who to sell this part of the stock to.

Soon the two companies signed an agreement, waiting for the approval of the government, and Zhou Shi finally held 36.7% of the shares of New Yahoo. The news came out and shocked the world again, the old Internet company finally has the biggest acquisition since its establishment, which will be its last chance to change its fate, as the richest post-80s in the world, too many people are curious about whether Zhou Shi can change the fate of Yahoo!

(End of chapter)