Chapter 687: Decision-making
Although there are some minor troubles in the country, they are generally out of the way. Zhou's attention quickly focused on Silicon Valley, where Zuckerberg proposed a $1 billion takeover of Instagram.
"The price is so high, they only have 50 million users at most, and our user base is much larger. Tim Morse was the first to object.
"I think the price is acceptable, Instagram is growing much faster than Flickr, and both the user experience and the praise rate are better than ours. "Marissa Mayer
"But even at the same price, Time will choose FF, they are about to go public, and the market value is as high as 100 billion dollars. "Chen Shouzong
"I also think it's better to buy Instagram, their team is very good, and the competition between Toutiao and Yahoo News is very representative, the development of photo social in the mobile Internet era may be beyond our imagination, and having Flickr and Instagram move in different directions can ensure that we don't lose this market." "Shen Haoyu
"So how do we compete with Zuckerberg?" Although Yahoo's market capitalization is now at $35 billion again, the volatile Yahoo stock is obviously not as attractive as the FF in the middle of the day.
"Why don't you add DeepMind?" said Ebberson
Zhou Shi rarely kept silent, DeepMind has a lot of geniuses, but unfortunately it doesn't help Yahoo Brain much, and they have their own ideas, and they are in London, keeping a distance from Yahoo, and they are still a long-term loss company that can't see the possibility of profit. To put it simply, it is a cost center, and it seems to be of little use except for a wave of popularity in the future.
"Is this appropriate, they really don't need them for the development of Yahoo's brain?" Zhou Shi
"They have the ability to help us, but they don't want to work in Silicon Valley and they want Yahoo Research to open up data ......resources," says Chen
"You didn't agree!" Zhou Shi was really afraid that they would do stupid things when they weren't paying attention
"Definitely won't agree. "Chen Shouzong
"That's okay, tell them that you can't help us and sell them!" Zhou Shi, Yahoo's brain is the key to Yahoo's success, and if you don't contribute at this time, let alone expect them to bring anything to Yahoo in the future, the cooperation between the two sides at that time was a little underconsidered, and it really shouldn't be. At least until Yahoo succeeds, DeepMind will initially prove itself before acquiring it.
However, we can't really give up DeepMind, Google, Microsoft, FacebookFriendster have increased investment in the field of artificial intelligence, and will inevitably face a more severe competition for talent in the future. Zhou Shi then elaborated his opinion again.
"The competition for talent is an inevitable ...... for high-tech enterprises"
"So how can we not buy Instagram by FF? Even if we don't buy this business, we can't let Zuckerberg buy it!" Mayer
Yahoo enters the social field, and the conflict with Zuckerberg is inevitable, weakening FF is equivalent to strengthening itself, Zhou Shi is very satisfied with Mayer's words.
"Does Time Have to Sell Instagram?" said Eberson
"Probably not, I heard them say that they are short of money......" Zhou Shi
"Then let Instagram be independent, and we invest in it!" said Albertson
After thinking about it, Zhou Shi agreed with this idea, Instagram has the potential to become a 100 billion dollar enterprise, why sell it at this time? Even if it is not as successful as in its previous life, it can reach half of its previous life! That is also worth 50 billion US dollars!
"Well, for now, promoting the independent operation of Instagram should be the best in Yahoo's interests, so do it" Zhou Shi, many times the founder or major shareholder does things by feeling, not all decisions are rational, but too much rationality is useless for the growth of the enterprise. More than 10 years ago, who would have dared to imagine that Huawei would be able to achieve its current achievements and be able to beat almost all telecommunications companies in the East and the West! So much so that its opponents had to use hegemonic administrative means to encircle and contain it all over the world. This may be sad for the owners and bosses of the business, but it is a great honor for most of the employees of the business!
"What should we do about the matter of Cal Icahn?" Chen Shouzong still talked about this matter, and recently this Wall Street wolf has instigated a bunch of people to make trouble. Although it is not said that people are panicking within the company, there is still an impact. Many people were suspicious of Zhou's motives for acquiring Yahoo, questioning his purpose and questioning that his arrival had left Yahoo with a bigger problem.
Zhou Shi's purpose at the beginning is indeed not pure, there is nothing to say, to say that his change to Yahoo has not gone in a good direction, it is too harsh, but the evaluation given by the market is like this, several large acquisitions in a row, Yahoo's market value is less than 35 billion US dollars, which is a typical evidence. You must know that Groupon in the previous life had a market value of about $10 billion at this time, LinkedIn was also close to $10 billion, and Yahoo's market value at that time was not less than $25 billion. And now the three companies have a market value of less than $35 billion after the merger, and the gap between them may be the market's distrust of Zhou Shi!
"As far as the news goes, we have set up a personal integrated bookkeeping service including robo-advisors, and together with Stripe, we will form our financial services division, and strive to provide financial support for yelp's service merchants in the future. Zhou Shi was a little hesitant to spin off or not, but when he thought that to develop finance, it might be a good opportunity to use LinkedIn and Yelp's big data to provide financial services for small and micro enterprises. It's not about how much money the project will be able to make, but about the inevitability of social development. Regardless of the East or the West, the financial services for small and micro enterprises are not in place, which is mainly a cost problem, and the difficulty and cost of credit assessment for small and micro enterprises are too great. The same is clearly different for Internet companies with large amounts of data.
Making financial services a link between the two companies is an attempt by Zhou Shi for the future, and perhaps the focus will not be on Europe and the United States, but who knows?
"Do we really want to develop Internet finance?" Chen Shouzong, Internet finance is not a new thing, it appeared a few years ago, but now Yahoo's product matrix is already very large, will such a crazy expansion lead to the failure of the enterprise because of success? This kind of thing has not happened before.
"That's right!" Zhou Shi didn't explain more
"Are we developing our own Internet financial services, or are we acquiring?" said Chen Shouzong
"Focusing on its own development, supplemented by acquiring and investing in start-up enterprises. Zhou Shi, he is actually very panicked, with an annual income of less than 10 billion US dollars, it is foreseeable that the profits in a few years can be ignored, and if the scale of the company's development is not controlled within the range that Yahoo can afford, it is likely to collapse. 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.