My Age of Investment

"What's the hurry?"

Xia Jingxing looked at the executives and shareholders with a darker face, and smiled lightly: "If we compare our business competition with Google to a war.

They have only just entered the foot of the mountain, and we are still looking down on them from the high ground on the top of the mountain.

Just wait, wait a few more days, it should be in our fire range. "

Seeing Xia Jingxing so calm, old man John guessed that there should be something behind him, and asked with a smile, "Daren, if you have any plans, please tell me quickly!

We old people have a bad heart and can't stand too much fright. "

Xia Jingxing corrected, "This is not a shock, this is a surprise."

Old John nodded, "Okay, then surprise, let's unravel the mystery!"

When the others heard this, they all cheered up and turned their attention to Xia Jingxing.

"Puppy, bring my PPT."

The puppy got up in a hurry and went to show the PPT.

The first picture played by the PPT is a statistical report that lists various data.

Xia Jingxing stood up, walked to the curtain wall, turned to face the crowd, held a laser pointer at the data on the PPT, and began to explain to everyone:

“It’s the average number of friends per user on Facebook, the median number of friends, and 0-10 friends, 10-20 friends … statistics for the proportions of each distribution stage.

You can clearly see that the largest proportion is the number of 50-100 friends.

Why this data? I'll give you the answer.

A social network, as the name suggests, is a network of social relationships linked, like a spider web.

The number of a friend can be understood as a line.

If there are only one or two lines, three or five lines, this kind of net is extremely easy to break.

And dozens of them are different. In addition to being sturdy, it can link more people.

Social networking, where's the fun in it?

It is through this network that we can reach more people. "

Everyone in the audience showed a serious look, thinking about the content of Xia Jing's jargon.

"Is this data accurate? How was it calculated?" Blayer asked.

"Of course it's accurate!"

After replying first, Xia Jingxing smiled and began to explain: "Facebook has a data analysis department, and every day when they don't do business, they specialize in mining the platform's data.

Through this data, we are able to become more familiar with our users and understand their behavior on the platform. "

"Sounds good, good job."

Blayer sighed and spread his hands again: "But does this have anything to do with the competition between us and Okut?"

"Of course it does!"

Xia Jingxing played the second picture and introduced: "This is Okut's product and function analysis, because they do not require real names, users are very messy.

Everyone because of their hobbies,

Join a virtual society where no one knows anyone.

Inside, find like-minded people, find romantic encounters, or make new business connections.

Doesn't this sound great?

It's actually terrible.

Once users get tired of playing and abandon the platform, they won't even say goodbye. "

Blayer almost understood, pinched his chin, tilted his head to look at Xia Jingxing on the stage, and asked, "You mean that because Okut is not a real-name system, the number of friends cannot reach enough, and the woven social network is not strong enough. .

Darren, is that right? "

Xia Jingxing nodded, "Yes, for example, there are a group of real-life friends on Facebook, and the number may be as high as dozens or even hundreds.

Okut is all friends he met online, and they may have chatted for a while, and they chatted very well. A small group of people even told their real names or met offline.

Now two platforms, you have to abandon one, who do you abandon? "

Breyer nodded and smiled, "I understand, most people should choose to abandon Okut.

After all, it is impossible for them to replace their real social circles with friends they met online. "

Xia Jingxing said indifferently: "At present, Facebook has not included the vast majority of netizens.

Only after this step is completed, can the real social relations be fully loaded into the platform.

But as Facebook continues to grow, our barriers to competition will get higher and higher. "

Blayer nodded, he was completely convinced.

"Will there be a situation where we and Okut coexist?"

Andrew said: "I think there is still a certain market for this kind of strangers making friends. There will always be people who like to keep getting to know strangers."

Xia Jingxing nodded, "You are right, this cannot be prevented.

They can coexist with us, but they are two worlds with us, and they cannot threaten our status. "

The old man asked: "What if Google finds out that the situation is not right, changes its strategy, and also implements a real-name system?"

"Then it must be very difficult for them to promote, and there is no such community atmosphere, maybe all users will run away, and they can only overthrow all this and start over."

Xia Jingxing looked at the old man and added: "And we will not stop and wait for them to chase us."

A meeting ends here.

Dissolving the doubts and concerns of shareholders and executives, Facebook has also begun to wait for Okut's changes.

…………

…………

A week, two weeks have passed!

Google is listed on Nasdaq, opening at $85 per share and closing at $100.34 per share. According to the closing price, the market value is as high as $27 billion!

It seems to be a success, but in fact, in the eyes of many people, this IPO is a bit of a failure.

Google once set the IPO price range at 108-135 US dollars, but eventually lowered the issue price to 85 US dollars. The scale of financing has shrunk significantly, and only 1.9 billion US dollars have been raised. After deducting the sale of some old shares, the new share issuance only raised 1.63 billion US dollars. dollars.

That's because lead underwriters Credit Suisse and Morgan Stanley "played tricks" in the stock auction.

Underwriters have found that the traditional way of issuing shares works best for them and feel threatened by auctions.

In an auction, underwriters would not be able to allocate undervalued shares to clients with whom they are more closely related.

As a result, the two lead underwriters are reluctant to have the auction approach be considered a success, but also reluctant to see a stock auction "failed", which would damage their reputation as lead underwriters.

The underwriters "tipped off" to various institutional investors that they could buy Google's stock as long as they offered $85.

Unsurprisingly, a large number of bids were offered at $85, with relatively few bids offering higher prices.

Ultimately, Google was forced to accept the $85 offering price.

…………

…………

Vision Capital.

In the office, Liu Hai was reporting his investment in Google to Xia Jingxing.

“During the Google IPO roadshow, we grabbed a $10 million investment share, with an average position price of $85 per share.

In the past few days, we have successively bought 20 million US dollars through the secondary market, with an average position price of 101.2 US dollars per share.

A total of 30 million US dollars of investment, won a total of 315,275 shares. "

Xia Jingxing nodded, "Okay, go find an institution, mortgage the stock, and take the money to open positions in several other stocks in turn."

This is also the usual practice of hedge funds, buying assets, mortgage, re-buying assets, re-mortgage...

The cycle goes back and forth, amplifying the lever.

Liu Hai nodded, "Okay, we have studied several other companies one by one.

Amy and Shanda are easy to say, that penguin group doesn't look very good, doesn't it? "

"Why is it not good?" Xia Jingxing asked.

Liu Hai frowned and said, "It is said that Microsoft's MSN is going to enter the mainland. Will their QQ experience a big business impact?"

Xia Jingxing nodded, "It is very good that you can collect this information and analyze it. But it is not good enough!"

Liu Hai smiled and said nothing.

"If I were you, buy a plane ticket to China immediately, go to Internet cafes big and small, and see what software young people are using."

Liu Hai said with a smile: "On-the-spot investigation, this is indeed a good way. Well, I'll buy a plane ticket now and go see it for myself."

Xia Jingxing scratched his head, I'm just giving an example, are you serious?

However, he did not say that he would not let him go. It is worthy of affirmation to have such a "truth-seeking and pragmatic" work attitude.

In fact, most people think that MSN used by senior business people will kill Low and force QQ.

But the reality is that the more grounded it is, the more vast the market will be. And young is the future!

…………

…………

"Okut, why can't users go up?"

Larry Page, who just led the company to go public, was very happy, but soon he got a bad news, and asked Okut, the developer of the Okut website, to ask the latter.

Okut was sweating coldly on his forehead, looking at the livid face of the boss, he didn't dare to lie, and honestly reported the situation.

"The first batch of users all came from the diversion and promotion of the company's other products.

It should be almost rolled out by now, so user growth has slowed down. "

Page asked angrily: "If you leave the company, will Okut be unable to survive? You can't attract external users?"

"There were external users who signed up to the site but quickly left."

Page asked, "Why?"

Okut quickly dumped the pot: "It may be that the functions are not rich enough. Facebook can upload videos, but we can't."

Page frowned, Google Video is still in development, and it won't be online for a while.

Okut watched the words and continued to explain: "At the same time, I also found that the market on the US side is almost developed."

"What do you mean? You can't rob Facebook users?"

Okut hurriedly shook his head, "I don't mean that. What I mean is that the larger the number of users of a social networking site, the more attractive it is to users, and there is a Matthew effect."

Paige said lightly: "If you have a good solution, just say it!"

Okut said, "My opinion is that we are looking at some less competitive markets.

Jump out of the US market and expand the pattern to the world to look at this competition.

When we have obtained no less than Facebook users in other countries and regions, we will return to the United States in one fell swoop.

Win the battle, beat Facebook, and become the world's largest social network! "

Paige closed his eyes and thought carefully.

Genius for a second to remember the address of this site: . Mobile version reading website: