Whether Zach likes it or not, Facebook's delay in going public is a foregone conclusion.

In fact, even if Citibank now encourages Zach to go public, he will have to think again.

Zach himself is full of confidence in Facebook, but because of his confidence, he also doesn't want the company to be a "hormone" when the stock market is in a downturn, and make his company a green leaf in the red (the U.S. stock market is red when it falls, and green when it rises, which is just the opposite of the Celestial Empire).

"Let's find out, has Twitter's IPO plan been delayed?" Zach asked Linda after complaining about Citibank.

If there's one other company that has had a big impact on Facebook in the United States, it's Twitter.

Although the positioning of the two is different, Facebook is more of a friend-oriented, private social tool, while Twitter is more of an open social platform.

However, there is a certain number of netizens and their energy, and there will inevitably be selective investment in two websites that have a certain degree of overlap.

No matter which one you choose to invest in, after all, no one will be happy to eat alone.

After hearing that Facebook was preparing to go public, Twitter also cooperated with Goldman Sachs to plan to log on the NASDAQ.

As the "unicorn" companies in Silicon Valley, Facebook, Twitter and Potato should be the three Internet companies that attract the most attention from American investors.

In the case of Potato, it has achieved positive returns due to its VIP fee business and a large amount of advertising revenue.

On the contrary, Facebook and Twitter, although they also have some advertising revenue, but compared with server investment, they are still in the stage of burning money.

Although both have already raised several rounds of funding, and there are still some funds in the account, it should be no problem to survive until the end of the year.

However, if one of the two goes public first, then a large amount of money will inevitably be raised, and then a new round of money burning game will definitely begin.

If the financing is not successful, it is likely to be left behind by the other party.

That's what Zach doesn't want to see.

This is also an important reason why Twitter quickly followed up after seeing that Facebook was preparing to go public.

"This Charlie also mentioned it to me, but he also said that it was just a rumor, that is, Goldman Sachs also suggested that Twitter postpone its listing, and at this time, the Nasdaq is very sluggish, and even if it is successfully listed, it is estimated that the market performance is not good", Linda replied.

"That's good, but we have to control the use of funds during this time, so that the capital chain will not be broken at that time."

With Facebook's current position in Silicon Valley, there is no need to worry about not being able to raise money, even if it is the outbreak of the subprime mortgage crisis.

However, although the money can be financed, it is difficult to say what the price will be. In the past few months, no matter what conditions Zack proposed, there were agencies to negotiate, but now, don't want to make people accept too harsh conditions.

At the critical moment, the rich one is the uncle, and cash is king.

"Should we put our expansion plans under pressure for a while? This is the most expensive business," Linda asked.

If Facebook wants to expand its business in a new country or region, it will inevitably invest in some software and hardware.

With the increase of new users, the corresponding server demand will also increase, whether it is self-built or leased, this piece of money is a lot of money.

Originally, Zach wanted to use the financing amount to build his own data center after going public, so that the core data would not always be in the hands of others.

However, now it seems that the plan for the construction of data centers will also be slowed down.

In fact, this crisis has not only affected the listing of Facebook and Twitter.

The listing plans of Qunar.com and Guanghui Weibo, which are far away in the Celestial Empire, have also been shelved by Jiang Hui.

"Mr. Jiang, I think the impact of the subprime mortgage crisis will soon pass, central banks are injecting funds into the market, there is no need for us to postpone Qunar's listing plan, because even if everything goes well, we will not log on to the NASDAQ until early next year", Gao Peng, the general manager of Qunar.com, was a little unwilling to plan his own one-year listing plan.

"Mr. Gao, don't worry, after this wave of crisis, Qunar will definitely be listed in the next three years," Jiang Hui said.

The beginning of next year is the worst time of the subprime mortgage crisis, and Jiang Hui doesn't want Qunar to die when the stock market is at its lowest.

You know, the stock price of a long-established bank like Citibank also fell to a record low early next year, down 90% from its market value at the beginning of 2007.

By the end of next year, the market value of the bank will save less than $6 billion, only 2% of the peak.

Back then, when the market value of ICBC surpassed Citigroup in one fell swoop, it caused an uproar in relevant foreign media: the international joke was bigger, and the market value of ICBC exceeded Citigroup!

However, looking at the performance of the Industrial and Commercial Bank of China, and then looking at the losses of billions of dollars at every turn, I can only sigh: the capital market is prescient, why can't the market value of the Industrial and Commercial Bank of the Celestial Dynasty, which has such good growth, surpass Citigroup?

"Mr. Jiang, the Internet industry is changing too fast, three years is too long, and our opponents are preparing to go public", Gao Peng is still a little unwilling.

"Qunar's opponent is only Ctrip, and the others should not be your opponents. But if you look at Ctrip's current stock price, it's been stacked for a month, right? If it falls again, maybe you can go to the bottom and go directly to your rival's shareholder," Jiang Hui said jokingly.

"The U.S. stock market is indeed sluggish this month, but the performance of the Celestial Empire is actually okay, and the magnitude of the correction is still within everyone's acceptable range, or should we consider going to the Shenzhen Stock Exchange to be listed?", Gao Peng continued.

"Have you ever seen any Internet companies around you that are listed in China? There are no fixed assets, and the profits are not very good, or even the Shenzhen Stock Exchange is still losing money, so the Shenzhen Stock Exchange can let you go public?" Jiang Hui asked rhetorically.

The listing system of the Celestial Empire is destined to make it difficult for Internet companies like Qunar to meet the policy requirements.

This is also one of the reasons why almost all Celestial Empire Internet companies go public overseas.

"That's right, I'm a little anxious," Gao Peng said.

Although Gao Peng wanted Qunar to go public as soon as possible, he didn't dare to continue to insist on his personal opinion when he saw that the big boss's attitude was so resolute.

In fact, if Qunar is really short of funds, Korn Ferry Group can support it at any time.

After all, where to spend is basically RMB, there is no foreign exchange involved, basically how much you want, Guanghui Group can provide it.

However, those who do the Internet in the Celestial Empire have a dream, that is, to make companies go public.

Especially when the sister companies have already been listed, Gao Peng wants to go online even more.

In the final analysis, it is the atmosphere of the Celestial Empire that is at fault.

(End of chapter)