Chapter 073 [The more you scold, the more you get hotter]
Reddit is positioned as a source of fresh and trending events on the web, as well as one of the most interesting places in the Internet world and a highly organized hub of links.
Everything is divided into sections with links that are specific to that board, much like the pattern of the post bar.
Each section focuses on a specific type of content, covering a wide range of topics, including but not limited to news, politics, sports, music, games, etc., whether you are a fan of antiques, plants, or niche music, you can find or create a corresponding section here.
Of course, more importantly, Reddit is possible to find people with similar interests.
When Reddit was first launched, it attracted a lot of attention in the industry, because it was almost completely opposite to the BlueSpace social networking site, the most famous product of Bluestar Technology, and some media initially affirmed Bluestar Technology's innovation ability.
But as the website went online for a week, the reviews suddenly took a sharp turn, and a large number of mainstream media in Europe and the United States attacked Reddit, which attracted a large number of bad comments in a short period of time, and soon, the corresponding users also scolded this is simply the most scandalous website in history.
There's an animal section on Reddit, and the creators have made it a rule that only cute, positive photos of animals can be posted here. Sick, dying, and recently returned pets are not allowed to upload here.
But there are always a few troublemakers who like to base their happiness on the pain of others.,Just don't listen.,Don't follow the rules.,Someone even posted a picture of Seqing on it.,Immediately after being deleted, the administrator was hard steel.,Because it's an anonymous mechanism.,It's even more unscrupulous.。
The mechanism used by Reddit is quite "capricious", as long as you register a username that no one else has used at will, you can join, in other words, as long as you are happy, it is very simple to create N accounts, and it is not a real-name system like Blue Space at all.
Anonymity makes it easy for people to disguise themselves on Reddit, and when netizens realize this, the evil side of human nature is gradually revealed here.
In March, the Reddit website moved forward amid abuse and bad comments, with many voices calling on the FBI or any department to visit Monlo Park and force the site to shut down.
These have long been expected by Luo Sheng, so the company has also hired a professional legal team in the North American branch, although it costs a lot of money, it is necessary to maintain such a strong legal team, especially in the European and American markets.
The legal team is only going to get bigger.
Despite the hostility of North American netizens and some media outlets towards Reddit, they were unable to shut down the site.
Through the Alexa website traffic ranking query, it will be found that Reddit is in a sea of abuse and bad comments, but the activity and traffic are constantly rising, and there is a posture of getting more and more scolding.
By mid-March, Reddit had surpassed one million users, much to the attention of the industry.
Reddit has taken advantage of the new feature that allows anyone to post any link, and the link that gets the most "likes" will rise to the top of the page.
The launch of this feature went to the other extreme, on the one hand, it made Reddit's activity skyrocket, becoming very dynamic, and on the other hand, it led to negative situations, because the website did not restrict registration, and the "water army" began to appear naturally on Reddit.
When the water army acts, let some of them express their opinions on a certain topic, and others will operate a large number of accounts to like and increase the popularity of this topic, and they will be pushed to the homepage, and finally achieve the purpose of publicity.
Reddit is simply a community of demons dancing, this is the freedom to go overboard, as the popularity gradually spreads, Reddit traffic is growing rapidly, and there is a faint potential to become a super community.
Some veterans in the industry have a hard time saying what kind of website Reddit is, because it is so malleable, containing all kinds of forms and elements.
Crazy comments by the media, but also by the users themselves, some angry Reddit is the most sandy website in history of the netizens, backhand on Reddit access flying, unhappy, backhand on other people's plate spray a wave, or do something to make others super unhappy, the heart is much more happy.
It's an online community of "come on, hurt each other".
As time goes by, foreign melon-eating netizens are scolding and scolding, but the number of times they use it is quietly increasing, and they also share some "sand sculpture" events on the blue space, which indirectly arouses the curiosity of others, and this chain reaction is driving the rapid surge of Reddit traffic.
While users have a great deal of freedom and a very low cost to their own speech, the site still prohibits absolutely taboo topics such as anti-human things and the avoidable issues of sequentialism and discrimination in North America.
If you don't pay attention to these problems, it won't be the media that sprays them, but that the website may really be forced to shut down, and you won't be able to win the lawsuit.
But this does not prevent North American netizens from using Reddit more and more frequently, and gradually, here everything from US foreign policy to a cute photo of a pet can cause users to like or dislike it wildly.
Yes, the blue space only has a like function, but "disliking" this function on Reddit is even more effective than liking to increase site activity.
Every now and then, some talented comments will pop up, and they will quickly spread to Reddit and even other corners of the Internet to become a trending joke.
The emergence of Reddit and the signs of becoming a hit also surprised Silicon Valley, and the domestic Internet industry is also paying attention, but this time no one dares to imitate Reddit to build an anonymous community website that gives users great freedom in China.
It was stopped in minutes.
However, the Reddit website obviously has the same effect as Yunge Tieba in many places, it is Luo Sheng's "European and American Tieba" created by European and American netizens, and Yunge Tieba is currently operating in an orderly manner, Yu Jun is planning the operation of the entertainment event "Supergirl" with Li Mingyuan.
For the Reddit website, Luo Sheng actually didn't pay too much attention, and the outside world was looking sideways about this website, but he knew very well that Reddit's traffic monetization ability was relatively poor, and it was difficult to accurately place advertisements and attract advertisers.
However, Luo Sheng didn't expect to rely on Reddit to bring much revenue to him directly, what he fancied was the traffic here, the Internet must be the king of traffic, to create a traffic moat, the traffic is not monetized here, then drain the traffic to other places, and still monetize.
After all, wool out of dogs is a common phenomenon in the Internet field.
When the time came to mid-March, Luo Sheng had already withdrawn from the development sequence, and the development of BlueStar Music (MusicSpace) and Bluestar Video (BluestarVideo) was handed over to Xu Yong to lead the development team to continue development.
And Luo Sheng, who came out, had more important things to plan.
……
Bluestar Technology Inc., Board of Directors.
"What? What is the company's entry into the ICT field? With all due respect, there is no doubt that you have made great achievements in the field of IT and Internet, but I do not think that the company can still achieve the same in the field of ICT. ”
At this moment, the board of directors was in an uproar, and the other five directors at the meeting were all agents of the interests of investors, and they all looked at Luo Sheng with incredible expressions.
Because he has just suddenly proposed to let the company enter the ICT field, to be precise, Luo Sheng clearly expressed that he wants to play semiconductors and hardware R&D technology, and he will invest 100 million US dollars in this field.
This group of VC agents was stupid on the spot when they heard him make such a decision, a pure Internet company, founded more than a year ago, does not have any technical reserves and related resources in the ICT field, let alone 100 million US dollars, even 1 billion US dollars, billions of dollars can not play a famous role.
It's floating.
There is no doubt that Luo Sheng's proposal was opposed by all the outside directors on the spot, and they were unanimously opposed.
Even if you know that you may not be able to stop voting, it is important to have an attitude that protects the interests of the shareholders you represent.
This is all expected by Luo Sheng, and it is right to oppose it fiercely, so that it is logical to enter the mediation behind.
Luo Sheng said with a harmless face: "I have to enter the ICT field no matter what, since investors are afraid that I will collapse Bluestar Technology, then I will use my own money to toss, but I don't have so much money, but I have the equity of Bluestar Technology, I can transfer a part of the equity of Bluestar Technology held by individuals, and let the investors on behalf of me buy it, otherwise I can only let the company enter this industry." ”
Several outside directors attending the meeting looked at each other, and all of them did not say a word, but they were scolding Luo Sheng in their hearts for being a shameless dog.
This is the threat of liquidation, forced to buy and sell, equity transfer is not financing, the financing money belongs to the company, and VC bought Luo Sheng to transfer his personal equity, which means that the money is his personal and does not belong to the company's property.
There is no doubt that for investors, it is an increase in risk leverage.
Yes, now it is difficult to ride a tiger, and the investors are dumbfounded, and they never dreamed that Luo Sheng would play this drift. has already spent so much money on him, and he has not recovered a penny yet, and he does not have enough voting power to balance him.
There are two choices in front of the VC, the first option is to treat the investment project of Bluestar Technology as a bad debt, someone will accept the equity at a low price, and if it can't be transferred, it will be a bad debt, but the VC that invests in Bluestar Technology is the world's top VC, and even they are selling it means that no one dares to take it if they are not optimistic, so it can only be regarded as a bad debt.
What makes VC entangled is that it is undeniable that Bluestar Technology itself has excellent performance, but Luo Sheng suddenly got stuck in his brain circuit or how to go to ICT to toss, but he is playing well in the Internet world, which cannot be denied.
With such a neurological founder, he still firmly controls the company, and VC can't interfere yet, can he not be entangled.
And the second option is that anyway, if you get on his thief ship, you will simply go all the way to the black, take on several times more leveraged investment risks, give him the money, and go to ICT with him to toss, and lose all his money, Luo Sheng will bear all the risks himself, and these risks do not need to be transferred to Bluestar Technology.
The major outside directors present really couldn't understand that Luo Sheng could be so strong, and would rather transfer her equity to make money to play ICT, I really don't know where she got her confidence, so what to compete with giants such as IBM, Intel, Qualcomm, and TI.
In the eyes of these outside directors, Luo Sheng's move was a proper and free move.
"I have made up my mind, and now I formally propose to convene an extraordinary shareholders' meeting in 15 days." Luo Sheng immediately decided that the equity transfer is to cash out before the IPO, which basically will not happen, but the development momentum of Bluestar Technology is good, and it can be realized at any time, but the desire to make money has been suppressed by Luo Sheng will cause the company to be unprofitable.
Because of this, he is 100% sure that this cash-out can definitely succeed, without him, the temptation of a sharp word, coupled with the fact that the major VCs are now trapped, this is like the company owes tens of billions of dollars to the bank, and the bank is a fictitious sum, for fear that your company will go bankrupt, his loans will all be wasted, so you can only continue to borrow head-on, otherwise you will go bankrupt.
Investors have smashed billions of soft girl coins on Bluestar Technology before and after, how can it be said that bad debts become bad debts, not to mention that this account is not bad at all.
……