My Age of Investment

  Chapter 249 Zoom in the layout

   "Why are you in a hurry?"

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

  At present, they have just entered the foot of the mountain, and we are still looking down at them on the high ground at the top of the mountain.

  Wait, wait a few more days, we should be in our fire range. "

  Looking at Xia Jingxing's calmness, Old Man John guessed what he might have, and asked with a smile, "Dalun, if you have any arrangements, please speak out!

  We elderly people have a bad heart and can't bear too much fright. "

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

  Old man John nodded, "Okay, well, then surprise, hurry up and solve the mystery!"

  Others heard this, they all cheered up and turned their eyes to Xia Jingxing.

  "Dog, take my PPT."

  The little dog hurriedly got up and went to show the PPT.

  The first picture played by PPT is a statistical report, which lists various data.

  Xia Jingxing stood up, walked to the curtain wall, faced the people sideways, shining the data on the PPT with the laser pointer, and began to explain to everyone:

  "This is the average number of friends of each user of Facebook, the median number of friends, and the number of 0-10 friends, 10-20 friends... in each distribution stage.

  As you can clearly see, the number of friends with the largest proportion is 50-100.

  Why is this data? Let me give you an answer.

  Social network, as the name implies, this is a network of links formed by social relationships, like a spider web.

  The number of friends can be understood as a line.

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

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

  Social network, where is its fun?

   is to reach more people through this network. "

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

  "Is this data accurate? How is it calculated?" Breyer asked.

   "Of course it is accurate!"

   first replied, and then Xia Jingxing smiled and began to explain: “Facebook has a data analysis department that specializes in mining data on the platform every day if it is not doing business.

  Through these data, we can become more familiar with our users and understand their behavior on the platform. "

   "It sounds great, it's a good job."

   Breyer exclaimed, and then said: "But does this have anything to do with the competition between us and Okut?"

   "Of course it does matter!"

  Xia Jingxing played the second picture and introduced: “This is an analysis of Okute’s products and functions. Because they do not require real names, users are very messy.

  Everyone joins a virtual club because of their hobbies, and no one knows anyone.

  In it, you can find like-minded people, find romantic adventures, or establish new business contacts.

   Does this sound great?

   is actually terrible.

  Once users get tired of playing, they will not even say goodbye when they abandon the platform. "

Breyer almost understood, squeezed his chin, looked at Xia Jingxing on the stage, and asked: "You mean Okut is not a real-name system, and the number of friends cannot reach enough, and the woven social network is not strong enough. .

  Daren, is that right? "

  Xia Jingxing nodded, "Yes, for example, Facebook is a group of friends in real relationships, the number may be as many as dozens, or even hundreds.

  Okut are all friends I met online. They may have chatted, and they are still chatting very well. There are even a small group of people who have told their real names or met offline.

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

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

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

  Xia Jingxing said lightly: “Now Facebook has not yet included most of the netizens.

  Only after this step is completed, can the real social relationships be truly installed on the platform.

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

  Brayer nodded, he was completely convinced.

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

   Andrew said: “I think there is still a market for making friends with strangers. There will always be people who like to keep getting to know strangers.”

  Xia Jingxing nodded, "You're right, this can't be stopped.

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

  Old man John asked: “What if Google finds out that the situation is not right and revises its strategy and also implements real-name registration?”

   "Then they must be very difficult to promote, and without such a community atmosphere, maybe all users run away, they can only overthrow all this and start over."

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

  A meeting is over here.

  Resolved the doubts and worries in the minds of shareholders and executives, Facebook also began to wait for Okut's changes.

  ……

  ……

  One week, two weeks have passed!

  Google is listed on the Nasdaq, opening at $85/share and closing at $100.34/share. Based on the closing price, the market value is as high as 27 billion US dollars!

  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 US$108-135, but in the end it lowered the issue price to US$85. The financing scale has shrunk substantially. Only US$1.9 billion has been raised. After deducting the sale of some old stocks, the issuance of new shares has only raised 1.63 billion. US dollars.

  This is because the lead underwriters Credit Suisse and Morgan Stanley “made tricks” in the stock auction.

  Underwriters found that traditional stock issuance methods are most beneficial to them and felt the threat of auction methods.

  In the auction method, underwriters will not be able to allocate undervalued stocks to customers who have a stronger relationship with them.

  Therefore, the two lead underwriters are unwilling to make the auction method considered successful, but they are also unwilling to see the stock auction "failed", which damages their reputation as lead underwriters.

  The underwriters "blished" to various institutional investors that they might buy Google stock as long as they bid $85.

  Sure enough, a large number of bids for buying were all at $85, and there were very few bids for higher prices.

  In the end, Google was forced to accept the issue price of $85.

  ……

  ……

  Vision Capital.

  In the office, Liu Hai is reporting to Xia Jinghang on his investment in Google.

  "During the Google IPO roadshow, we grabbed an investment share of US$10 million, with an average holding price of US$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, a total of 315,275 shares won. "

  Xia Jingxing nodded, "Okay, go to an institution, mortgage the stocks, 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, then buying assets, then mortgage...

   Cycles back and forth, zooming in on the lever.

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

  Aimike and Shanda are easy to say, the Penguin Group does not look good? "

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

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

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

   Liu Hai smiled and said nothing.

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

   Liu Hai smiled and said: "Site inspection, this is indeed a good way. Okay, I'll buy a ticket now and go see it in person."

  Xia Jingxing scratched his head, I just give an example, are you so serious?

  However, he did not say not to go. This kind of "truth-seeking and pragmatic" work attitude is worthy of recognition.

  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, the more extensive the market. And young is the future!

  ……

  ……

   "Okut, why can't the users rise up?"

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

  Okut sweated on his forehead, looking at the boss’s livid face, not daring to lie, and honestly reported the situation.

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

  Should be promoted almost now, so user growth has slowed down. "

  Paige asked angrily: "If you leave the company, will Okut not survive? You can't attract external users?"

  "An external user came to register on the site, but left soon."

  Paige asked: "Why?"

   Okut quickly shakes the pot: "Maybe the functions are not rich enough. Facebook can upload videos, but we can’t."

  Paige frowned. Google Video is still under development and will not be available for a while.

  Okut was observant and continued to explain: "At the same time, I also found that the market in the United States is almost developed."

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

  Okut hurriedly shook his head, "I don't mean that. I mean, the more users of social networking sites, the more attractive they are to users, and there is a Matthew effect."

  Paige said lightly: "Do you have a good way, just say it!"

  Oku characteristic head, "My opinion is that we set our sights on some markets with relatively small competition.

   Leaping out of the US market and expanding the pattern to the world, let’s look at this competition.

  After we got no less than Facebook users in other countries and regions, we returned to the United States in one fell swoop.

  Win in one battle, defeat Facebook and become the world's largest social network! "

  Paige closed his eyes and thought carefully.

  　Thank you bookmate Pili Jinguangxia for your reward, and add another chapter.

  (End of this chapter)