Back To 1995

   Chapter 484 The Shadow of the Famous Tree of People

It's been less than a week since the company went online, and the **** has not been covered, and it has been scolded by a group of peers. In the future, only companies that rely on handling fees to live, the valuation has been raised to six. Fourteen billion dollars? !

Such a valuation has even surpassed some small banks in America. When the news came out, the entire Silicon Valley was instantly sensational. Now is the hottest time for the Internet industry. Especially PayPal doesn't talk about martial arts at all.

Everyone knows that Enron, who is also in Houston, has a good relationship with Song Yang. They also know that Enron gave PayPal such a high valuation, which is basically intentional. After all, Enron has not played this game once or twice. .

   From the original Telecom Americas, to ICNC TV, and now PayPal, there are Enron Corporation, and they are the first to raise prices and take advantage of them, but this time, it was too unexpected.

Less than a week after PayPal was launched, Enron gave a valuation of $64. Silicon Valley and the Internet industry, when they heard the news, tuied at Enron and scolded Enron behind their backs. If you don't do personnel work, don't sell good natural gas, and carry sedan chairs at high prices, if President An Ran has no private deal with Song Yang, they won't believe it if you kill them.

   However, scolding returns, envy returns envy, and the attention to PayPal has also begun to increase. It is really PayPal's performance is too vigorous, and this is Song Yang's investment!

To say that Americans are superstitious, it is true that they have the world's top technology and universities, but there are not many churches built, and all kinds of witches and wizards are rampant. There are now more than 17 universities in America, which have introduced professional I Ching. Feng shui courses, yes, they are the kind of feng shui masters, architects and real estate agents in China who have a compass.

In this atmosphere, since his debut, he has not been defeated. This year, as the Internet market continues to soar, he is definitely worth more than 10 billion US dollars, becoming the youngest billionaire in America and even the world's history, Song Yang, In the eyes of many practitioners in Silicon Valley, it also brings a bit of speciality. It seems that the industries that Song Yang is eyeing will definitely become…

Song Yang's earliest launch of DoubleClick, now the market value has stabilized at more than 56 billion US dollars, ICQ's valuation has already exceeded 10 billion US dollars, and the entire Nasdaq is waiting for ICQ, the instant messaging industry, to take the lead The advent of , coupled with Song Yang's investments in America Telecom and Alcatel Mobile, have almost never failed since their debut.

Now Song Yang has launched PayPal, which has to let people in Silicon Valley analyze whether electronic payment is the future trend. After all, Song Yang has been leading the Internet trend, from Internet advertising to e-mail, and then from instant messaging to a new generation of mobile phones , Song Yang's vision is really impeccable, as long as the stuff introduced by Song Yang almost leads the industry trend.

Now it's PayPal's turn, and many thoughtful people can't help but start to move. For example, in the Internet advertising industry, there are already a lot of votes, such as L90, ValueClick, etc., but they can't compare to double-click, but now the valuation has also been Breaking 100 million, waiting to log on to Nasdaq.

   Those who play with e-mail, then there are more companies. Yahoo, AOL, Lycos and other companies are playing. In the instant messaging industry, there are also many companies such as Yahoo Messenger, AIM, and Microsoft's MSN.

   Now that Song Yang has launched PayPal, many Silicon Valley companies are a little bit eager to move, and they begin to think about whether they want to learn PayPal and follow a copycat electronic payment platform.

   Don’t talk about challenging PayPal, as long as it can be sought after, and then board the NASDAQ to cash out and leave, it is enough for this kind of thinking, not just one company.

   The financial newspapers and magazines that are biased towards banks, and a group of media headed by the "America Financial Times", are more suspicious of PayPal.

"The emergence of PayPal is not necessarily a lucky thing for the financial industry in America. No one knows what impact the emerging Internet will have on the banking industry, but it can be expected that it has been stable for nearly 20 years. The banking industry in America, which is dominated by several major Wall Street banks and supplemented by state banks, will undergo a complete change, and there may be countless bankers who will lose their livelihoods!"

  Financial Times, without naming names, said that PayPal is a scourge, but also said that PayPal may make many banking practitioners leave the industry they depend on for survival.

  Traditional media are worried about PayPal, but the Internet and technology industries are caught in a new carnival, and they are touting the emergence of PayPal.

   "PayPal, the greatest internet product of the late 20th century!"

Silicon Valley Daily, unabashedly, praised PayPal, "PayPal has become a bridge between traditional banks and the Internet, PayPal's creativity, and the emergence of PMMF funds, make the banking industry, the Internet and users, Forming new relationships, the internet is changing the world!"

  Silicon Valley Daily believes that the emergence of PayPal does not care what it does, but that it connects users, banks, and the Internet, which is the most critical.

Since the original report on Hotmail, the Oakland Tribune, one of the four major newspapers in the Bay Area, has become Song Yang's loyal licking dog. No, it is a supporter. As long as it is about Song Yang, it is almost always flattering. .

This time is no exception, "PayPal may rebuild a new payment system. The payment system that used to be dominated by banks may be changed by PayPal in the future. Bruno Song is a genius of the Internet. From Hotmail to ICQ, this time is the same. , PayPal may become another product that changes the lives of countless people!"

  The Oakland Tribune took PayPal to a higher level, believing that PayPal may replace banks and build a new payment system!

PayPal did not respond to the public opinion of the outside world at all, but just desperately developed. After announcing that the number of users exceeded 10 million, the growth rate of PayPal's users began to slow down. After all, not everyone needs to use PayPal to pay, but still In the next week, it hit 6 million users worldwide!

   The most important thing is that the emergence of PayPal has solved the payment dilemma of the e-commerce platform. With the advantages of security and fast payment, it has quickly become the mainstream payment channel in the e-commerce industry.

  In terms of user growth, although it has slowed down, after connecting with Enron Online and becoming the payment channel of Enron Online, the daily transaction volume on the PayPal platform began to snowball and began to increase exponentially.

   The scale of PMMF funds has also begun to double, and even many investment institutions have begun to harvest wool, storing US knives on the PayPal version of Yu’e Bao, wanting to earn interest margins.

   "Now PayPal has reached a cooperation agreement with the flower website Flowers, Penney.com, Zappos.com, which specializes in shoes and clothing, and Pets, the world's largest pet product website. The other party agrees to authorize the use of PayPal as a payment channel!"

  In the ICQ office building, in the PayPal office, Aaron Swartz reported to Song Yang, a group of PayPal executives.

   (end of this chapter)