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Chapter 484 The Shadow of the Famous Tree
A company that has just been online for less than a week, has not warmed its butt, and has been scolded by all its peers. The only company that can be seen in the future is a company that relies on handling fees to live, and its valuation has been raised to 64. Billion dollars? !
This kind of valuation has even surpassed some small banks in America. When the news came out, the entire Silicon Valley was instantly shaken. It is true that the Internet industry is at its hottest now, but you have to talk about science, right? What the hell PayPal doesn't talk about Wude at all.

We all know that An Ran, who is also in Houston, has a good relationship with Song Yang, and also knows that An Ran gave PayPal such a high valuation, which is basically intentional. .

From American Telecom back then, to ICNC TV, and now PayPal, there are Enron companies, and they are all the first ones to raise prices to take advantage of them, but this time, it is really unexpected.

Less than a week after PayPal went online, Enron gave a valuation of 64 US dollars. When Silicon Valley and the Internet industry heard the news, they all slapped Enron and cursed Enron behind their backs. In terms of personnel matters, good natural gas is not sold, and people carry sedan chairs at high prices. President An Ran wants to have no private business with Song Yang.

But scolding is scolding, envy is envy, and the attention to PayPal has also begun to increase. It is really that PayPal is too aggressive, and this is Song Yang's investment!
Are American people 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 ghosts and witches are rampant. There are now more than 17 universities in America, and they have introduced professional I Ching. The Feng Shui courses are indeed the kind of Feng Shui masters holding a compass in China, architects and real estate agents, as long as they know a little about Feng Shui, the practitioners' value will double immediately.

In this atmosphere, since his debut, he has not lost a single game. With the continued soaring Internet market this year, his net worth will definitely exceed US$[-] billion, becoming the youngest billionaire Mr. Song Yang in the history of America and even the world. In the eyes of many practitioners in Silicon Valley, it is also somewhat special. It seems that the industries that Song Yang is eyeing will definitely become...

The first double-click company launched by Song Yang has now stabilized its market value at more than 60 billion US dollars. The valuation of ICQ has already exceeded [-] billion US dollars. The entire Nasdaq is waiting for ICQ, the leader of the instant messaging industry, to come. , plus Song Yang's investment in American Telecom, Alcatel Mobile, etc., has almost never failed since his debut.

Now that Song Yang has launched PayPal, people in Silicon Valley have to analyze whether electronic payment is the trend of the future. After all, Song Yang has been leading the trend of the Internet, from Internet advertisements to e-mail, and from instant messaging to the new generation of mobile phones , Song Yang's vision is really impeccable, as long as the gadgets launched by Song Yang almost lead the industry trend.

Now it's PayPal's turn, and many thoughtful people are eager to move. Like the Internet advertising industry, there are already a lot of votes, such as L90, ValueClick, etc., but they can't compare with Double-Click, but now the valuation is already high. Breaking through [-] million, waiting to be listed on Nasdaq.

There are more companies playing with e-mail, such as Yahoo, AOL, Lycos, etc. In the instant messaging industry, there are also 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 ready to move, and they start to think about whether they want to learn from PayPal and follow suit with an electronic payment platform.

Not to mention the challenge to PayPal, as long as it can be sought after, it is enough to get on the NASDAQ and cash out. It is not just one company with this kind of thinking.

Financial newspapers and magazines that are biased towards banks, and a group of media headed by the "America Financial Times" have more doubts about PayPal.

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

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

The traditional media are worried about PayPal, but the Internet and technology industries have fallen into a new carnival, and they are touting the emergence of PayPal.

"PayPal, at the end of the 20th century, the greatest Internet product!"

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 have made the banking industry, the Internet, and users, Form new relationships, the internet is changing the world!"

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

After reporting on the Hotmail mailbox, 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 all flattering .

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

The Auckland Tribune took PayPal to a higher level, thinking that PayPal may replace banks and build a new payment system!
PayPal did not respond to the public opinion from the outside world at all. It just developed desperately. After announcing that the number of users exceeded 1000 million, the growth rate of PayPal's users began to slow down. After all, not everyone needs to use PayPal to pay, but it is still In the following week, 600 million users were swept across the world!
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 rate, although it has slowed down, after connecting with Enron Online and becoming Enron Online's payment channel, the daily turnover on the PayPal platform started to snowball and doubled.

The size of the PMMF fund has also begun to double, and even many investment institutions have begun to collect cash, depositing US dollars on the PayPal version of Yu'e Bao, hoping to earn profit margins.

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

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

(End of this chapter)