Wall Street Legend

   Chapter 172 Adjustment (13)

  One east coast, one west coast, the flight time is almost the same as going from New York to London, and it took more than six hours to land in San Francisco.

  The company has a car, and Mr. Alfred sent someone to pick him up at the airport. I heard that the employees of the new company often work overtime recently, from morning to night, so they waited until the Santa Clara area to meet.

After the adjustment of the management, many capable business managers and technical experts have been added. Mr. Alfred is no longer in charge, but Ye Dongqing still likes to get first-hand information by contacting him. Taking the position of product director does not mean to kill the donkey.

A total of four floors were rented, with desks and computer equipment everywhere. After 6:00 pm on the west coast, some employees went back first, and some voluntarily chose to stay and work overtime. Calculated at 1.5 times the hourly salary, the company paid for them. It is kind to provide dinner, sandwiches, pizza, Western-style Chinese food, bread and so on.

Facebook needs to hurry up and improve it, as does Skype. In addition, functions such as video communication and instant text chat have to be developed independently, which makes them very busy recently. Most people work longer hours.

  Ye Dongqing doesn’t want to do this either, but he must seize the opportunity. Recently, a product similar to Facebook has appeared, but the threat is not great for the time being. He hopes to continue to maintain a leading position, so the product must be more competitive.

As soon as I met Mr. Alfred, I told him the bad news: "Boss, I am very happy to meet you, but I have to tell you one thing. A former Google employee told me privately that his original company established a The department is secretly developing a photo social program, which is similar to Facebook, and may be open to users next month."

   "Google is also eyeing?"

"It should be true, the number of employees in their company is almost three times that of ours, and the development speed is quite fast, and with the mature template of Facebook to learn from, considering the hundreds of millions of global users, it is very likely that it will directly impact our business. business."

   "Go and check again, find more useful news for me, maybe it's time to continue advertising, and find the person in charge of the promotion planning department later."

  This is the first giant company known to try to compete with him. Ye Dongqing felt that judging from the number of Google users, it might pose a great threat. After going smoothly for nearly half a year, he finally encountered the most undesirable situation.

  Since you can’t hide, you have to bite the bullet and continue to rush. After all, it is no longer a small company that can be manipulated by anyone. Even Google, which has a scale of more than tens of billions of dollars, can fight hard.

As a search engine, it is probably not as good as Google, but when it comes to social platforms, he is confident to provide users with the most complete products, which are good things that have passed the test of time. As long as there is no problem with the capital chain, there is no reason to lose to anyone .

I'm a little bit worried, but not too worried. I didn't have any competitors before, and I slowly accumulated users out of economical considerations. I guess it won't work in the future. Ye Dongqing is going to spend money to continue to seize the opportunity, so that those who haven't used Facebook Some netizens joined in.

The number of Internet users in the United States has exceeded 200 million these years, and there is still a lot of room for development. The number of Internet users in countries such as Japan, Germany, Britain, South Korea, and France is close to half of the population of their own countries. It is necessary to expand not only in the United States, but also in foreign countries. I will let it go, nearly 95% of Facebook users are from the United States, which shows that the promotion efforts are far from enough, and there is still a chance to seize the market first before other similar products rise.

  Freshwater Fund used to bring more benefits to Ye Dongqing, but now it has been replaced by Facebook. As the valuation continues to increase, in the first five months alone, the book value has increased by almost 1.6 billion US dollars.

  Just last week, the SoftBank Group, which was determined to stalk it, proposed to raise funds at a valuation of 1.4 billion U.S. dollars. This way, the total amount can be almost 1.6 billion U.S. dollars. As users grow, the price will be one day.

No wonder people often say that investing in Internet companies is easy to get money. For these founders, it is indeed relatively easy. They come up with an idea and develop it. As long as it is recognized by users, they will inexplicably make a fortune. Ye Dongqing likes this kind of It is estimated that no one would dislike the feeling of skyrocketing net worth.

There are countless examples of a poor boy developing a program and turning himself into a billionaire. In the middle of 2003, the Internet industry showed a strong momentum of recovery. Mergers and acquisitions of big fish eating small fish kept happening in all around the world.

As one of them, Ye Dongqing clearly saw the signs of his own success, and was in no mood to talk about other things. First, he learned about the development progress of various functions of Skype under the introduction of Mr. Alfred. The instant text communication function was born a long time ago. Yes, it is estimated that it will be available next month, and there are some problems in video communication, which may need to be solved by purchasing ready-made technologies.

After he came to his own office, he said to Mr. Alfred: "A guy came to me this morning and talked to me about Skype, and even threatened me a little bit. Don't get excited, he Negotiating with me on behalf of companies like Verizon, AT&T, etc., who thought I was a threat to their interests, and I was."

  Alfred listened patiently. The market value of these two companies is close to 100 billion U.S. dollars, and the energy behind them cannot be underestimated. He asked, "Then what are you going to do?"

"The development will continue to develop, but the previous development ideas need to be changed. Skype is likely to be blocked by communication operators in the future, whether it is the United States or other countries, so it is best to let it develop alone without getting involved to Facebook.

   What I mean is to abandon the function of adding text chat and video communication in Skype and promote it as an independent product. If Facebook does not have a supporting text chat function in the future, it will seriously hinder its rising prospects. "

  Understanding what Ye Dongqing meant, he nodded after thinking about it, and told, "This is indeed better, you have already decided, right, then I will hold a meeting later to talk to the programmer supervisors?"

   "Yes, in the future, mobile phones will replace computers and become the most important product for people to communicate with the Internet. If communication operators choose not to provide services, we will be very passive. Let's make this decision for now."

   "Then there are a few projects that need to be cut, I will tell them now, so as not to waste my energy. Some codes are no longer available, I have to tell them the bad news..."

  (end of this chapter)