Chapter 20: Facebook Press Conference

Another day has passed, and at this moment, the land of China has stepped into a sleep, and the other half of the planet is rising upright.

At 10:30 a.m. local time in Menlo Park, California, the social giant is holding a press conference at Facebook's headquarters here, which has been going on for some time, with nearly 100 reporters from major media outlets around the world present.

Mark Zuckerberg, the founder of Facebook, took the podium and announced: "The company has recently drawn up a new decision, and we are here to officially announce that 'Facebook' will form a comprehensive strategic partnership with 'XlouS', an Internet technology company from China. At the same time, it was officially announced that 'Facebook' spent $12 billion to obtain the exclusive license of 'instant online translation', a product of Chinese Internet technology company 'XlouS', in the social field. This is the largest single transaction ever generated by the company! ”

As soon as the spokesman's words fell, the reporters at the scene were in an uproar, the lights kept flickering, and there was a restless sound of discussion at the scene.

This is definitely the explosive news in today's tech circle!

"Here's the time for reporters!" The voice of the head of the press rang out.

The reporters at the scene raised their hands, Zuckerberg pointed and selected one, and the chosen one immediately stood up and said, "I'm a special correspondent from the Wall Street Journal, Donnie Parker." Mr. Zuckerberg, what is the nature of your strategic partner 'XlouS'? It seems that China's famous Internet companies do not have the name of this company, and Facebook spent a huge amount of $12 billion to buy the exclusive license of 'instant online translation' What kind of product is it? Thank you! ”

The camera on the scene almost didn't stop, Zuckerberg on the stage listened to the reporter's question, nodded, pondered for a moment, and said with a smile: "The nature of our partner's enterprise is not very clear, but it should belong to an Internet technology company, this is a start-up company that has just been born, and it is reasonable that you don't understand." For the company to spend 12 billion US dollars to obtain the exclusive authorization of 'instant online translation', the company agreed that it is worth it, this is a very good product, he was born for the Internet, born for social platforms, the company believes that this product and our partners are of strategic significance for the company's development! ”

After Zuckerberg finished speaking, he pointed to the second reporter.

Facebook's official press conference was disseminated around the world via the Internet in major media outlets. There is no doubt that this news was like a depth charge being detonated in the water, and the world and the Internet and Silicon Valley tech circles were not calm, and the content of the news release became the front page headlines of the major media newspapers that day.

"Facebook spent 12 billion to buy the exclusive license of 'instant online translation', 'instant online translation', what is it?" -- The Times

"Social giant 'Facebook' marries Chinese Internet company 'XlouS', with a new layout of $12 billion!" -- The New York Times

"'Instant online translation', the new darling of the Internet, Zuckerberg once again proved his excellent vision and strong courage, 'Facebook' will be unshakable in the hegemony of the social field, and this emerging company from China called 'XlouS' will become an investment darling!" -- The Wall Street Journal

Shortly after the event, Facebook's stock price rose 9.8% on the same day, with a market capitalization of $447.3 billion, close to Microsoft. At present, among the top five listed companies in the world by market capitalization, the first is Saudi Aramco from the Middle East, with a staggering market value of 2.4 trillion US dollars, the second is Apple (Apple), with a market value of 642.7 billion US dollars, and the third is Google (Google) restructured Alphabet (umbrella company), with a market value of 581.2 billion US dollars; In fourth place is Microsoft (Microsoft Corporation), with a market value of $449.6 billion; In fifth place is the social giant Facebook, with a market value of $447.3 billion that is close to Microsoft, and the difference between the two is only a slight difference of $2.3 billion.

Analysts are very optimistic that Facebook's market capitalization surpassed Microsoft on the day.

Compared with Facebook's market capitalization soaring to nearly $40 billion, the stock prices of other social networking companies fell in response, which is no exaggeration to describe as a plunge, Twitter plummeted 36% on the same day, and its market value fell below the $40 billion mark, evaporating more than $23 billion on the same day, and other social networking companies are also miserable. Similarly, as Google was affected by its social platform Google+, the share price of parent company Alphabet (umbrella company) was also affected by it, falling 3.1% on the day.

Also affected by this is the domestic social giant Tencent (Tencent), whose share price fell 6.7% on the day, and its market value was once close to falling below the $200 billion mark, and according to the current trend, it is very likely to fall below the $200 billion mark.

Zuckerberg was already smiling when he learned that the company's market value had skyrocketed, and although the $12 billion was painful for him, it was clearly rewarding the effort, and this was just the beginning.

After the official press conference of Facebook, XlouS became famous overnight, and the product "instant online translation" attached to its company also became popular all over the world, and this product officially entered the global vision. And XlouS, an Internet technology company, has also begun to be discovered.

The power of the company's product "instant online translation" is amazing, as Zuckerberg said at the press conference, this product is born for the Internet and social platforms.

Market analysts from Wall Street said that XlouS, a Chinese internet technology company, could reach an initial valuation of $36.5 billion with this product alone, and he stressed that its potential is huge, which is $1.5 billion higher than Ren Hong's valuation. Moreover, the analyst emphasized that according to the official information released by Facebook, XlouS's products benefit from his strategic partners, and its products can be quickly promoted to the world, and the social users of Facebook and its platforms such as Instagram are the most potential consumer groups for instant online translation, and the number of these users combined is as high as a terrifying more than 2 billion, and he believes that the reasonable valuation of this Chinese Internet technology company is 130 billion US dollars.

According to the big data of the market, there are currently 3.3 billion Internet users in the world, which is an extremely exciting data for XlouS, almost every Internet user is a potential consumer of instant online translation, and almost every Internet user has a reason to buy this product. Whether it's a social user or anything else, if you surf the web, if you're interested in a foreign website but have a communication barrier, etc., these people have a reason to install the app on their computer or electronic device such as a smartphone.

According to unreliable sources, the Chinese company is developing a real-time translation function between voice and text, and it is believed that the launch of the 2.0 version of instant online translation will undoubtedly be good news for some video users, and the company's valuation will be further improved.

Wall Street analysts rank XlouS as one of the top A+++ investment projects.

As time went on, it turned out that everyone underestimated the potential of instant online translation, including Ren Hong, but that's another story.

(To be continued)