Rebirth of the Internet Overlord
0054. Crisis
Jennifer was carrying a tray with two cups of coffee and a cup of tea. When passing by Sacks and Hoffman, Jennifer just nodded to them and passed by.
Hoffman looked at the engineer's office area where the graceful figure was walking by. He frowned slightly and asked Sachs next to him, "They haven't been home for several days?"
"Yes, for ten days, I was in the office all day." Sacks looked in the same direction without looking back, "I thought Chen was already a workaholic in our company, but I didn't know that since Ning came,
, he turned a group of senior engineers into workaholics!"
"These guys, with an average age of 25, were actually subdued by a 17-year-old young man?" Hoffman's tone was full of surprise, but the expression on his face seemed a bit serious.
"They are not convinced," Sachs laughed. "Whether it is creativity, communication skills, leadership and strength. Everything Ning showed is not like a 17-year-old boy at all, but more like the leader of our engineers.
"
Hoffman's face remained serious, and he specifically pointed to Levchin, who was chatting with him next to Ning Zimo, "Where is our CTO?"
"Same."
Hearing Saxo's concise answer,
Hoffman was a little stunned.
It had only been 10 days since he told Levchin that eBay was about to launch an attack. During these days, he had been busy with PayPal's banking business. When he came back today, he saw earth-shaking changes in the engineering team.
But in just 10 days, the situation changed again.
With the team working so hard, Hoffman was a little confused as to what to say next.
In fact, it is slightly different from what Ning Zimo thought. Due to the existence of Hoffman as an "intelligence officer" within Paypal, Paypal executives generally have enough "respect" for the decision-making of Meg Whitman, an experienced senior. Although
They didn't pay as much attention to Ning Zimo, but the order given by Whitman himself still made Hoffman nervous.
Hoffman sighed and said helplessly, "At the time of crisis 10 days ago, I heard about Ning's "Seller's Assistant" plan from Levchin. I also thought it was a genius idea in a different way, but in order to protect us
Regarding the security, Levchin has reminded the team to speed up the development of "Seller Assistant". But what I didn't expect is that the situation has now changed."
Hoffman is the senior vice president of PayPal. In the past two years, he has been able to handle emergencies with ease at every crisis moment, and he can always help PayPal to save the day.
Sachs had never heard Hoffman sigh before,
But just now, Sachs heard it.
It’s something that even the senior vice president of PayPal would find difficult.
What could be the problem?
"Man, since you found me, why don't you tell me what happened?" Sask remained calm.
"Well, paper can't keep fire anyway. Let me tell you, and you can help me refer to it."
"you say."
Hoffman withdrew his gaze, looked at Sachs and said slowly, "I got the news that Whitman is preparing to propose an acquisition intention to Wells Fargo. They plan to buy back the money from Wells Fargo at a price of more than 40 million US dollars."
"Wells Fargo holds 35% of the equity of 'billpoint'." Hoffman shook his head helplessly, "This means that after we deal with eBay's first wave of attacks, we will soon usher in a more violent attack.
attack."
The 'billpoint' that Hoffman talks about is a third-party guaranteed payment platform acquired by eBay. It is a company of the same nature as Paypal. This is also the main reason why Paypal has been suppressed by eBay continuously.
But 'billpoint', as an official payment tool, has always had a fatal flaw. 'billpoint' sold part of its shares in exchange for development funds before being acquired by eBay. Wells Fargo is the owner of this part of the shareholders of 'billpoint'.
Owns 35% of the shares.
To a certain extent, Wells Fargo is eBay’s pig teammate. Although they own 35% of the equity and have the right to influence decision-making, they are not familiar with the Internet industry, so they are always slow. As a result, Wells Fargo slowed down
Learn all ebay's decisions on "billpoint".
However, if Hoffman's new information is achieved, new changes will occur.
If the acquisition is completed for eBay, eBay will have complete control over the decision-making power of 'Billpoint', and eBay will be able to quickly formulate an attack strategy against Paypal.
Sachs was secretly shocked when he heard the new news about Hoffman.
This means that the situation facing PayPal is no longer just the current dilemma.
The further you delay, the more dangerous the situation will be.
But at this moment, Sachs suddenly remembered something that Ning said on his first day on the job.
Sachs thought for a while and said in a deep voice, "On the day Ning joined the company, in addition to mentioning the new idea of "Seller Assistant", he also mentioned some other things. At that time, the engineering team and even our CTO may have ignored it."
Upon hearing this, Hoffman looked at Sax with curiosity, "That creative genius? Is there anything else about him that interests you?"
"Multi-national business, credit systems, corporate financial services, family financial services... these are things that I dare not even think about, things that even Peter may not dare to think about, but he, a 17-year-old boy, listed them all."
Sachs continued, "He has opened up a new idea, an idea that does not just rely on the eBay platform for business. I have carefully considered this idea, and it is indeed an innovative idea that is independent of the trading platform."
Perhaps in the previous life, too many people stared at Taobao and Tmall’s Double Eleven, thinking that Ahri could make a lot of money relying on these two trading platforms.
As everyone knows, Ali, which had a market value of 400 billion in its previous life, did not include Ant Financial, which has huge potential!
Although Ning Zimo mentioned it casually on the day he joined the company, the content contained in it was a success verified by Ant Financial and also verified by Paypal in his previous life.
What Ning Zimo didn't expect was that his casual words fell on Sax's ears.
"Multi-national business, credit system, corporate financial services, family financial services... This is impossible, the laws of the United States do not clearly provide..."
"You also know that there are no clear regulations, especially the unclear supervision of Internet finance. So as long as we do it, we may be the first!"
Sacks' eyes were so aggressive that Hoffman even felt a little hairy. He thought for a moment, looked at Sachs and asked cautiously, "Did he really say that?"
"No, he just mentioned it," Sachs shook his head and then nodded, "I'm still observing, but I decided to have a good chat with him after "Seller Assistant" is launched."
"What about today?"
"I will convey your news and see how Ning Hui arranges it."
Sachs chuckled. He was still able to laugh during this crisis, which was a very funny thing in itself.
"This crisis comes at the right time. It can test the ability of our team. Perhaps it can also help us test how many cards this creative genius has hidden!"
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