Chapter 640: Valuation of $200 billion
"That's why I'm just coming to you, Mr. Buffett, today."
"Looking for me?"
Buffett sensed something strange, "You're trying to get me help?" ”
"I'm sorry, it's not that I don't want to help, it's that I'm afraid I can't help if I want to."
Although Warren Buffett is a rich man in the United States, although he is a global stock god, and although he has a certain influence, for the United States, Buffett is also an ordinary person.
"I'm sorry, Mr. Buffett, you may be mistaken, I mean, are you interested in taking a stake in our Facebook network."
"Stake?"
For no reason, Buffett suddenly shook.
"Zhang Ning, how did you think of letting me take a stake. If I'm right, you're not short of money. ”
"I'm not lacking, but, Mr. Buffett, are you not interested in our Facebook network?"
"No, no, no, I'm very interested. Actually, I wanted to talk to you about investing in your Facebook network before. It's just that when I knew that you weren't short of money at all, I didn't say anything. I'm very curious, you don't lack capital, you don't lack technology, why do you want me to take a stake. ”
"It's actually very simple, Mr. Buffett, didn't you mention it just now?"
Zhang Ning had actually figured it out a long time ago.
He just had some reluctance.
To be honest, Zhang Ning is a stingy ghost.
For things like shares, he is definitely the most stingy in the world.
He would rather give his employees a huge salary than give them much of a stake, even a 1% stake.
Although Zhang Ning has been doing this, it is to completely control his own company.
However, to hold a company, you don't need 100% of the shares at all, just 51%.
However, Zhang Ning is still reluctant to take out his shares.
Until now Facebook, in fact, Zhang Ning is also reluctant.
It's just that in order to monopolize the world in the future and enter the global market, Zhang Ning had to endure the heartache and make an appointment with Buffett, ready to let him take a stake in Facebook.
"You're not saying that we on Facebook don't represent U.S. interests, so I'll let him represent U.S. interests. If you take a stake in Facebook, Facebook will represent the interests of the United States. ”
"God."
Buffett stared at Zhang Ning, "You are too unexpected to me." ”
"You know, that's the reason I'm going to convince you. But I didn't expect that before I could say it, you would have already answered me. My choice surprised me even more. Even if it's me, I don't want to give up a single share. ”
"What's this, Mr. Buffett, isn't your Berkshire also just over 30% of the shares. It's not just you, Microsoft's Bill, he's only 30% owned by Microsoft. In addition, the founders of General Motors, let alone 30%, 10% of the shares are gone. As for giants like Sony, Japan, his founder now has no shares. ”
"You can't compare it like that."
Warren Buffett waved his hand, "Although it seems, the final result is the same." However, we only have more than 30% of the shares, not that we don't want more shares, but that we have no way but to get so much. The same is true for some other companies. I believe that if other institutions are willing to sell their shares in Microsoft, Bill will be more than willing to buy them back. ”
"That can only be said that we all have our own difficulties."
"Well, no matter what you say, but you made this decision, I can sue you very responsibly. Today, you take out your shares, and tomorrow, you will embrace the world. Even, after tomorrow, you can change the world. ”
"Thank you."
This is also what Zhang Ning has been looking forward to in his heart.
For the sake of the future, in order to change the world, in order to influence the world, Zhang Ning first let Americans eat a little sweetness.
"Okay, let's talk about how many shares you're going to take."
"At first, I was only going to take out 30% of the shares and let American investors raise money, but now I have changed my mind and I am willing to give 50% of the shares, and I only take 50%."
"Give 50%, it's so bold."
Buffett couldn't help but want to exaggerate Ning.
"If you do that, I think the U.S. government will definitely look the other way at your Facebook."
Warren Buffett was surprised and then surprised.
He felt that Zhang Ning could go to politics, and he could completely grasp the meaning of the US government.
You must know that even if there is a company that wants to raise money, the shares taken out are either 10% or 30%.
Even if you take out the most, it is 49%, and keep 51% for yourself, as a control right.
However, Zhang Ning directly took out 50%.
Although 50% and 50% were only tied, everyone could see Zhang Ning's intentions.
At the very least, he can send a signal to the outside world.
Although Facebook was created by Zhang Ning, a Chinese, he did not want to control Facebook.
He can share the benefits with all investors in the United States.
"Okay, classmate Zhang Ning, since you are so courageous, then, I am also bold, and I am willing to exchange 30% of your shares."
"Wait, Mr. Buffett, 30%, are you sure?"
"Sure."
Warren Buffett nodded, "The outside world values your Facebook network at $20 billion, and I'm willing to pay $6 billion." ”
"I think Mr. Buffett, you're wrong. That's how much we value Facebook, and in fact, I don't think it's worth $20 billion. ”
"Hahaha, little one, you're still bargaining. Indeed, I also think that your Facebook network is not worth more than $20 billion. So, since you said it, how much do you think your Facebook is worth? ”
"At least $200 billion."
"What, $200 billion?"
"At least $200 billion?"
This valuation even shocked Buffett.
"Zhang, $200 billion, isn't it too overestimated."
Opening his mouth, Buffett didn't know what to say.
"You know, now Microsoft is only more than 300 billion US dollars, Google is only more than 200 billion, the processor giant Intel is also more than 200 billion, and there are some very famous companies, such as Oracle and Sun, the former is not 100 billion US dollars, and the back is only about tens of billions of US dollars...... Are you sure your Facebook is worth $200 billion? ”
"Sure."
Zhang Ning nodded affirmatively.
Not to mention that Facebook has exceeded the average of 200 billion in later generations, even if it does not exceed, Zhang Ning is sure that he will surpass it. Even, it is not a point or two that is exceeded, when it is listed in the future, the market value of Facebook will not be just 200 billion, but 300 billion, 400 billion, 500 billion, and even more than Apple in later generations.
"Of course, I know that there are a lot of people who don't want to believe this market capitalization and think that the valuation is too high. But, Mr. Buffett, have you ever wondered how long it has taken us to get to Facebook from its inception to the present? ”
"More than two months."
"No, a month and 23 days to be exact."
"I can take more than a month to promote Facebook to the whole of the United States, so, in a year, can you think of how far I can go?"