When the news spread that Yahoo acquired Yelp and Zhou Shi became Yahoo's largest shareholder, Zhou Shi's mobile phone never stopped, and too many people at home and abroad wanted to inquire about the news. More people are curious about Zhou Shi's approach, Yahoo seems to have nothing valuable except for Ali's shares, and anyone with a discerning eye can see that in the Internet advertising market, Facebook &Friendster has replaced Yahoo's position has been done, Yahoo has ranked third, and the gap with Google and F&F will get bigger and bigger. What's the value of Yahoo, which has no achievements in both search and social networking? You can't develop games, and Yahoo doesn't have an advantage in this area.

"Why did you buy Yahoo?"

"Why did you buy Yahoo?"

No one could have imagined that Zhou Shi, who had always been shrewd, would make such a decision.

“…… Now there's only one reason, based on his experience at Ali and his preference for e-commerce, most likely for Yahoo's stake in Alibaba!," an expert said on a TV show.

"Maybe he's confident he's digging into the gold mine in Yahoo's product arsenal!" the expert added

The idea of a genius is always difficult to fathom, and although Zhou Shi is not a genius, his thoughts are not understandable to everyone. If you look at it through the eyes of someone who has come before, it can't be easier. Group buying is an industry that is destined to decline quickly, and it is far from enough to support a valuation of $10 billion, and even Airbnb will take years to have a valuation of more than $10 billion. In a few years, the Ali system will explode under the control of Jack Ma, even if it is conservatively estimated that Ali has a market value of only 300 billion US dollars, and Yahoo has only 20 percent of the shares at that time, it will be worth 60 billion US dollars, and Zhou Shi's total contribution is less than 5 billion US dollars, and he also controls several very valuable enterprises. If Zhou Shi cashed out tens of billions of dollars from Ali and Yahoo can't come back to life, then it's no wonder that others can only say that Zhou Shi's ability is limited.

The final agreement between him and Jack Ma is also in place, Yahoo's shareholding in Alibaba after the listing will be less than 30%, but it will not be less than SoftBank's shareholding in Alibaba within five years of listing. Compared with Zhou Shi and Sun Zhenyi, Jackma obviously prefers to keep Ali's shares in the hands of Huaxiaren. In addition, if Zhou Shi loses control of Yahoo within 10 years, then Yahoo must not hold more than 10% of Alibaba's shares.

In the face of media interviews, Zhou Shi's future changes, he said, "The future of Yahoo is in the mobile Internet, I believe that mobile is a trend, if Yahoo can grasp this trend, it will definitely be able to create brilliance." ”

"Is it the glory of Yahoo or the glory of Yelp?" the reporter asked

"It's not important!" Zhou Shi didn't want to say this

"Will Yahoo's original business be marginalized? Will Yahoo still be Yahoo?"

"What's not Yahoo?"

"Are you going to consider a fire sale, or layoffs?"

"I'm not sure, it will take time to think about it, but Yahoo's product line will definitely be adjusted," Zhou said frankly

"Is it a large-scale adjustment or a small adjustment?" the reporter did not let go at all

"It depends on their ability, and everyone knows that my ability is not good, and it takes a good enough partner to be able to transform Yahoo, specifically, the future of Yahoo is in the hands of the Yahoo people themselves. "Zhou Shi

"So will Yahoo's work-from-home model change?"

"It doesn't matter where you work, I look at the end result. "Zhou Shi

"So you only look at the results and not the process?"

"This should be treated differently, and different departments will have different requirements...... "Zhou Shi

"What do you think of Yahoo?"

"I don't think anything!" Zhou Shi

"Do you think Yahoo is bad right now?"

"I don't know if Yahoo is almost bad, it depends on what the Yahoo people themselves think, but my arrival will definitely make a big difference, whether this change is good or bad, everyone must learn to accept it!" Zhou Shi

"So you're not sure about Yahoo's future?"

"Yes, I think Yahoo could go out of business in 12 months, and we have to act now to make changes and slow this trend. "Zhou Shi

"Are you saying that without your joining, Yahoo would have gone out of business 12 months later?"

"It's the same with or without me, any company must have a sense of worry, even Bill Gai is worried that Microsoft will go out of business, let alone Yahoo!"

……

Regardless of whether the review of various countries will pass or not, Zhou Shi has obtained about 20% of Yahoo's shares (which he bought and Galaxy Capital held in advance, and now transferred to Zhou Shi's shares). The first to step down was the chairman of the board of directors of Yahoo, who was replaced by Zhou Shi in the shareholders' meeting, and then Yang Zhiyuan, and Fei Luo completely left Yahoo, and half of their departure was due to Zhou Shi's persecution, and Yahoo wanted to get rid of the influence left by his predecessor. There can only be one voice in the whole Yahoo, and that voice must be Zhou Shi's voice. Faced with Karlbarts, who still refused to resign in the end, he had no choice but to fire. At the same time, he was fired from a number of people who were not very friendly to him, as well as some incompetent but stubborn people who had been incompetent and stubborn since he became a director of Yahoo.

With a series of personnel operations by Zhou Shi, the market finally reacted positively, and Yahoo's stock price rose steadily, finally reaching $24 billion. This is also the valuation standard for Zhou Shi to accept Yahoo stock from Galaxy Capital.

Zhou Shi didn't know if he was right, but if the management of a company is not good, no matter how good the technology is, it will be useless, not to mention that Yahoo's technology is not the best in the Internet industry.

"I can tell you in no uncertain terms that the first thing I want Yahoo to do is to have only one voice in the whole company, and if something is not decided we can discuss it before, but once it is decided, there will be no complaints. Any competition within the company must maintain a healthy development, and any internal competition that hinders the development of the company is allowed......" After Zhou Shi took over Yahoo, he uncharacteristically did not make any appeasement to Yahoo. Including him forcing Yang Zhiyuan and Fei Luo, the two founders, to leave, all in order to let him better control the company. His only advantage is that he has a veto, and most of Yahoo's other shareholders are funds, venture capital, and other financial institutions. If Yahoo's stock price can't be sustained with positive growth, even a veto power may not be too easy.

Zhou Shi, who is in the limelight, has not been hindered by many internal Yahoos, no one is stupid, and to do it with him now is to find death. However, the less resistance, the greater the pressure on him, bile first is right, but this is just the appearance, its core must be AI First.

It's the New Year, although no one reads it, but it still adds a more chapter. Thank you all for your recommendations and commuter passes!

(End of chapter)