My Age of Investment

"The number of Facebook users is now close to 300 million, and the latest market valuation quote exceeds $20 billion."

Xia Jingxing spread his hands and sneered, "But so what? Is the company profitable? Is the market position completely stable? How much money do you have in your puppy pocket?"

The little dog was speechless when asked, and lowered his head in shame.

He admits that he has been out of work recently and has made work mistakes one after another.

But it wasn't that he had a slack mentality and started to hang around on the credit book, but because of his difficulties.

Xia Jingxing didn't notice the sadness in the little dog's eyes, and continued to train: "I want to summarize, we are currently in the most critical period, a step forward is to be rich and noble, and a step back is an abyss.

Yes, we're the leaders in social networking right now, but that doesn't mean you can sit back and relax.

Social networking is a promising track with the potential to nurture the world's top tech companies, no doubt about it. Because of this, there are many people staring at this fat.

Once we show weakness or weakness, these people will quickly rush to share Facebook.

Even Facebook's incredibly robust operations face a "cycle problem." "

"Cycle issue?"

Yang Niu frowned, "Like finance, how many years does the cycle change?"

Xia Jingxing nodded and said solemnly: "The change in technology will subvert the old market hegemony. This is an iron law."

The dog smiled and said, "Boss, this is a bit far-fetched, right? Facebook is at its peak, adding 200 million users a year.

If we keep developing at this rate, in ten years, we can cover all Internet users around the world.

As for social networks, you told me before that it belongs to the winner-take-all. The more users, the more and more perfect relationship chains are formed, and the deeper the corporate moat.

You suddenly tell me now that there are companies that may replace us. "

Speaking of this, the little dog paused, shook his head and laughed, "I admit that there may be one day, but definitely not now.

If you do find something wrong,

Facebook will certainly respond in time and quickly adjust our product strategy. "

Xia Jingxing also did not expect that the puppy, who has always been submissive, would dare to talk back to him.

He was not angry, but started a debate with the dog in a very peaceful tone.

"Once the company gets big, it will definitely get sick from the big company, do you admit it?"

The little dog pondered for a while and nodded. He has been learning continuously this year, his business knowledge has been greatly enhanced, and he knows that the boss is telling the truth.

Xia Jingxing looked at the puppy with a smile, "Okay, then do you know what the biggest damage to a large company's disease is?"

Before waiting for the little dog to answer, Xia Jingxing continued, "It's efficiency! We also adjusted our product strategy in a timely manner. When you slowly adjust, your opponents may have grown up completely and become our confidants."

Speaking of this, Xia Jingxing thought of Douyin. It is precisely because the Facebook and YouTube mechanisms are bloated and arrogant that Douyin has a chance to rise.

Douyin is just the beginning. With the development of technology, the form of social networking will continue to change. Every change is a challenge and test for the existing industry giants.

"Stop talking about this, what happened to you recently?"

The little dog looked at the sincere eyes of the boss and shook his head, "It's nothing, maybe I'm a little tired, I'm adjusting."

"No, you must not be telling the truth."

Xia Jingxing pointed at the puppy, "Let me guess, there must be some problems in life that brought emotions into work."

The little dog glanced at Xia Jingxing and said with a smile, "No, I know I was wrong, I'll change it later."

Xia Jingxing always felt that the puppy was hiding something on his mind. Based on his understanding of the puppy, although he was usually not formal, he was extremely serious in his work.

But he didn't get to the bottom of it, patted the dog on the shoulder and told him to go out to work.

As soon as the puppy left, Xia Jingxing said to the foreign girl, "What do you think is the problem?"

Yang Niu spread her hands, "How do I know, he won't even tell you, let alone tell me."

"It can't go on like this!"

Xia Jingxing still had nothing to say. As a co-founder and executive, if Xiaodog did not show the corresponding ability, it would be fine to sit back and enjoy the success. If he wanted to continue to hold an important position in the company, it would be inappropriate because it was difficult to convince the public.

Facebook is not a company owned by him alone, nor is it a company owned by Xiaodog alone. It belongs to everyone and belongs to all shareholders.

…………

…………

I heard that Xia Jingxing had arrived in the United States, and shareholders such as Bryer and Reid Hoffman rushed to Facebook in the afternoon.

While everyone was there, Facebook simply convened a board meeting.

Yang Niu, as the CEO, sat at the top of the long table and introduced slowly, all kinds of numbers as if they were at your fingertips.

“As of today, the number of registered users on Facebook has reached 296 million, the number of registered users on YouTube has reached 254 million, and the number of registered users on Twitter has reached…”

Yang Niu glanced at Xia Jingxing who was sitting beside her left hand and found that the latter was staring at her, she let out a long sigh and said calmly, "Twenty-five million."

All the shareholders looked at Xia Jingxing and were very curious about the expression of the former CEO.

Xia Jingxing looked as usual, and did not ask why there were so few registered Twitter users.

The major shareholders did not raise any questions, and the other shareholders did not move.

Although no one asked, Yang Niu explained it specially.

"Not to mention Facebook, this is our flagship product, and YouTube is in the form of video, which is very conducive to dissemination and promotion.

And Twitter, even though we're promoting it with Facebook and YouTube, it's not working well.

After analysis, we have come to several reasons.

Facebook's public homepage, news feed function, and Twitter's business have some competition.

In the early days of Twitter’s launch, due to the marketing of electric vehicle events developed by Darren, a large number of user registrations were obtained.

But in the following period, Twitter's user growth has fallen into a bottleneck.

The reason reflected behind this shows that Twitter is in great need of hot topics for marketing, and our company has spent its main energy on Facebook and YouTube, resulting in insufficient resources to tilt to Twitter.

Finally, there is the product itself. Twitter is currently very single in function and looks far less attractive than Facebook.

For our company itself, upgrading Twitter is also a problem in itself.

Come on, Twitter may have an impact on Facebook's business, and it is suspected of wasting resources by hitting itself.

But if it doesn’t rise, Twitter’s user growth cannot be accelerated. Compared with the other two fist products, the volume is only one tenth of theirs.

The positioning of Twitter has always been a headache for us.

Is its existence complementary to Facebook's business, or a competition? "

All the shareholders looked at Xia Jingxing all at once. Twitter was also written by this man, and he had the most say.

Xia Jingxing smiled. In his previous life, Twitter and Facebook did not belong to the same company, and they were even competitors, so Twitter naturally did not have to worry about Facebook, and everything started from its own good.

They can’t. They have to look at the problem from a global perspective, and even when necessary, they have to give priority to Facebook’s interests. This is determined by the better development of Facebook.

Like most teachers at school, they prefer eugenics.

This question stumped Xia Jingxing a bit. YouTube is a video format, which is completely different from Facebook. There is no doubt that there is a complementary relationship.

Twitter is not, there is a lot of overlap with Facebook, and conflict will happen sooner or later.

If you leave Twitter alone and become a chicken rib, it will be meaningless, and it will be easy for other opponents to take advantage of the loopholes.

The best solution is to keep the competition within a certain range, which can have a certain impact on Facebook, but not too much.

After Xia Jingxing expressed his thoughts, everyone was stunned.

Blayer spread his hands in confusion, "Daren, Facebook is fundamental, let Twitter attack Facebook, what if something happens?"

“It’s better than having a product like Twitter in someone else’s hands? In our own hands, that means it’s controllable.”

Michael Larison, the head of Waterfall Investment Fund, who attended the meeting on behalf of Bill Gates, understood Xia Jingxing's intentions and asked with a smile, "Daren, you are so convinced that products like Twitter can develop into a social network that is not weak. Network branch?"

Larison asked the voices of many people present. In their opinion, the Twitter product is a bit superfluous. When Twitter was not officially launched last year, there were many voices of opposition from shareholders.

The backlash grew louder as Twitter fell short of expectations.

Xia Jingxing pondered, the potential of Twitter has not been fully demonstrated, the shareholders can not predict, and if they want to develop Twitter vigorously, they have to beat Facebook, waste some resources, and may cause problems for the normal operation of Facebook.

Under the superposition of various reasons, it is normal for shareholders not to understand his ideas.

In fact, Facebook and Twitter can coexist, and each can develop well, but this is the result of the independent operation of the two companies in the previous life.

Xia Jingxing found that it is not a good thing to pile up the whole product, because it is too easy to roll in.

Take Facebook and Twitter for example, with the development, there may be various conflicts between subsidiaries due to conflicts of interest.

In fact, many large companies are like this. Due to different interest demands, there are many situations where their own people stumble upon their own people.

It can be seen how difficult it is to manage a large company.