Chapter 721 Market Cap

Mark is not at all worried about Facebook's share price, which will rise due to its uniqueness and dominance in social networks, and he just takes the opportunity to clean up these two-minded people.

These guys, not only greedy, but also double-minded, each with their own ghosts, are out-and-out bastards, and there is a reason why the world does not have a good opinion of bankers, like Morgan Stanley's first rat at both ends, it is indeed infuriating.

It has to be said that Facebook's first-quarter earnings report before the listing was not pretty, not only the quarterly revenue fell quarter-on-quarter, but the net profit fell by 12% year-on-year.

If there was some short-term short-selling speculation in the first two trading days of the listing, the 8.9% plunge on the third day indicated that investors were beginning to worry about Facebook's earnings prospects.

Then again, stock price fluctuations at the beginning of the listing do not mean that the trend will continue in the future. Amazon.com also fell below the issue price of $18 for several months when it went public in May 1997, but a year after the IPO, the stock price quickly quadrupled, and now, Amazon's stock price has exceeded $210.

Mark took this opportunity to clean up this gang, and he repeatedly stated that if anyone didn't want the equity in his hands, he would buy it at a premium of 10%, and when the stock price of this Facebook rose to 500 billion, let this gang cry to death in the toilet.

This meeting also prompted Donald's return, his trip to Europe, is to Serbia, especially the area where the six dead gunmen came from, after seeing the tragic situation of the locals, this guy's heart of the Holy Mother again, knowing that the mistake was caused by his father, and Mark did nothing on the surface, but donated a lot of money to the locals, honestly helped, and he would only complain, which eliminated the resentment towards Mark, and honestly returned to work.

He just said to Mark, "I'm sorry!"

And Mark didn't mean to preach, he said: "If you have enough rest, come back to work." ”

In this way, Donald, the founder of Facebook, is back again, if the stock price of Facebook rises sharply, not many people will miss him, and now it is a time of turmoil, everyone warmly welcomes the return of this founder.

Donald, who is back as CEO, is aware of this problem, saying that he will continue to focus on the product rather than the business, which is a starting point for Facebook, not the end, and that they will be like Google, with search engines at the core and other aspects of the business.

Mark and Donald stabilized Facebook's volatile situation, and now Facebook has a lot of money and can expand with confidence.

The Wang family's imperial territory is also beginning to see the end of the world, the assets controlled by the family fund are nearly 150 billion, more than any of the global Forbes lists, even if it is allocated to individuals, Mark, Donald, and Kayla, who have the most equity in the family assets, are also one of the top ten richest people in the world, this prominent trend can only be compared with the Wal-Mart family.

The soaring assets of the Wang family are mainly due to the sharp rise in Pingguo, Google, and Facebook stocks, and they have also risen with the tide and become a new generation of super-wealthy.

This is also a contemporary capital legend, this is a landmark event of the rise of the new economy, whether it is Pingguo, Google, Facebook, are Internet technology companies, is at the forefront of technology and fashion trends, with a valuation far beyond the market value, the Wang family in the investment in Internet technology companies, has achieved the envy of Wall Street,

The birth of Facebook is an epoch-making event, which breaks the limitations of traditional social communication, provides a platform for the most extensive and fastest communication at the lowest cost, and is highly integrated with cultural media, opening up a huge market in the Internet world, which can be said to be a model of innovative enterprises.

In fact, innovative enterprises represented by Facebook, Apple, Google, etc., are not isolated from the sky, but stand out from countless innovative companies, based on deep innovation soil and countless innovation practices.

Like my space, I have been fighting with Facebook for several years, fighting for the position of the boss of this social networking site, and the backstage of both sides is about the same, and my space once had the upper hand.

DeWolf and Anderson, both working at an internet marketing company in Los Angeles, founded my space in 2004 when they wanted my space to be a more freewheeling social networking site than the early social networking site Friends.com. A year after the launch of my space, it was very popular with the public.

In July 2005, Murdoch, a media mogul and chairman of News Corp., who wanted to enter the digital media industry, bought My Space for $580 million, and many people at the time shouted that the price was ridiculously high.

According to research institutes, when Murdoch acquired, my space had about 20 million monthly unique visitors, compared to less than half the number of users of Facebook.

After the News Corp. acquisition, my user base continued to climb rapidly, peaking at the end of 2008, with about 75 million unique visits per month and a market valuation of $65 billion. But in April of the following year, the number of Facebook users began to surpass MySpace, and since then the two trends have reversed, with the number of Facebook users starting to skyrocket, while MySpace gradually decaying.

Since my space positioned itself as a music-based social networking site, many well-known singers at the time chose to interact with fans on my space and release new album information as soon as possible.

Movie and TV stars love to be on Facebook.

Just as Facebook was on the rise, the good days of my space seemed to be coming to an end. As the number of users decreases, quite a few advertisers have also begun to abandon My Space. According to research institute data, my space's advertising revenue peaked in 2008, approaching $600 million in annual advertising revenue, and in 2009, my space's advertising revenue was only $184 million.

It can be said that it was completely defeated, and as for the valuation, no one dared to take over the reduction from 65 billion to 5 billion, which fully demonstrated what it means to get rich overnight and then be poor.

This investment company, investing in ten profitable companies is a victory, and this mark is much higher than this figure.

Despite the reservations expressed by some in the industry about investor frenzy, the high opening per share pricing suggests that Facebook has not been affected by the continued turmoil in the global economy and the postponement of the bursting of the last round of the dot-com bubble, and the company's fundraising momentum is strong. This is not only the general optimism of the outside world about the potential of innovative enterprises, but also means that a new form of virtual economy in the Internet era has risen and been recognized.

The Internet not only embraces shopping, publishing and distribution activities under traditional business forms, but also opens up more possibilities for business models such as games, search, and video. It has created a new way of life, and to some extent, the real life, characterized by direct interaction and contact, is transforming into a "virtual" life that is not limited by geography. And the transformation itself also poses a major problem for the global economy.

Its stock price has fallen, but its valuation is still worth hundreds of billions, and it is one of the few 100 billion large enterprises, and no one can deny the great success they have achieved and the great changes they have made to the way of life of mankind.

The first major change in the economic history of mankind can be traced back to the transition from an agrarian society to an industrial society. At that time, agriculture and industry showed a strong trend of eliminating the growth of the other, the number of industrial products increased sharply, the value of agricultural output fell sharply, and a large number of agricultural population shifted to the industrial population. After the development of large-scale industrial production with manufacturing as the core to a certain extent, the production of daily necessities has been unable to meet the needs of industrial expansion, and the transition from meeting demand to manufacturing demand has led to the emergence of a consumer society, and production is further dependent on consumption behavior.

In a certain sense, large network companies have emerged, marking that virtual needs and modern people have established a close relationship. To be sure, as in the previous round of change, virtual demand will inevitably have a huge impact on physical demand.

In fact, this is only a preliminary hypothesis, and the greater advantage of the network lies in the fact that electronic devices are used as terminals, and going out is no longer necessary for personal social activities. As online identity becomes more and more important, individuals may even prefer to dress up for their online presence rather than buy clothes for their physical self. In addition, staying at home for more time will undoubtedly naturally reduce physical consumption behavior.

In terms of job creation in the new economic form, the highly technical nature of the Internet industry determines that it is impossible for it to absorb a large number of employed people like the manufacturing industry. On the contrary, those industries that have been hit by the Internet industry will generate more unemployed due to the compression of supply chains. Even if there is an express logistics industry that has emerged due to the Internet, it is clear that its employment capacity is far less than that of industrial manufacturing.

The Internet era, represented by Facebook, is likely to establish a new height for the human economic form, and will also bring about a series of new changes in social lifestyles. In the face of the emergence of a new economic form and way of life, the old form and way of life, which is still the cornerstone of our lives, will go, and may become a new global issue.

Anyway, the company's management, led by Mark and Donald, has been boasting that our purpose is to change human lives.

They have even drawn up an ambitious five-year development plan, threatening to triple their market value within five years and catch up with Google.