Reborn Capital Empire

Chapter seven hundred and forty fourth calm response

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"Removal of Eric Schmidt as Facebook CEO and replaced by Randy Hammer. LinkedIn CEO John Belden, News Today CEO Rick Bye, Global Fortune CEO Monroe Balle Wei, Skype CEO Mike Donner, PayPal CEO Marcos Levchin, Facebook CEO Randy Hamer, YouTube CEO Shijun Chen, Ruby Research Institute CEO Dave Direney. Ruby CEO Eric Schmidt, President and COO Peter Thiel, CFO Dunco Verne, Chief Human Resources Officer Kelly Dorothy, CTO Chris Zhang; including me Including, 13 people make up the LinkedIn executive committee, which is responsible for all major decisions in the company."

Listening to Guo Shouyun's series of reforms to the company's management structure, everyone looked at each other in dismay. Obviously, the big boss was prepared for the departure of Tim George and others. Otherwise, the other party will not just leave, so quickly fill in the vacancies in various departments. It also reformed the company's management structure again.

"Deng Ke! How much liquidity can the company use now?"

"We can use $1.59 billion to repurchase LinkedIn stock without jeopardizing the normal development of various subsidiaries."

"Then repurchase. We will take as much as the market sells. If the funds are not enough, I will inject capital into the company. When Ruby's stake in LinkedIn exceeds 90%, it will be forced to buy and then delist."

"Delisting?"

Seeing everyone's surprise, Guo Shouyun nodded.

"In the future, LinkedIn, as a wholly-owned subsidiary of Ruby, will no longer be listed independently. Your previous shares in each subsidiary will also be converted into shares of the parent company after conversion based on the total assets of Ruby. In the future, Ruby will It is the only listed entity.”

"Okay, now we have the 2004 Ruby Company year-end meeting. ... Eric, as the company's CEO, it's up to you to host this meeting!"

Guo Shouyun is very clear that he wants to downplay the impact of the resignation of Tim George and others. Apart from the calm and calm response of his big boss, the best way is not to take this matter too seriously.

January 2005 is nearly over, and Ruby's 2004 total revenue has already been made.

"Do you want to remove the share that originally belonged to the Ruby Mall?"

Eric Schmidt asked.

Ruby Mall was removed from Ruby Company by Guo Shouyun in the third quarter of 2004, and is now integrated with Guo's industry.

"Um!"

After receiving a positive answer from Guo Shouyun, Eric Schmidt said: "Without the Ruby Mall, the total revenue of Ruby in 2004 was US$7.438 billion, the net revenue accounted for 34.5%, and the research and development expenses were 0.53. USD 1.289 billion in fixed asset investment, USD 47 million in depreciation, USD 373 million in general and administrative expenses, USD 28 million in interest expenses, and USD 808 million in net profit after tax.”

"...company total assets of $21.39 billion, total current liabilities of $983 million, long-term loans of $578 million. Deferred tax of $143 million. Other long-term liabilities of $432 million. Total liabilities of $2.136 billion!"

Through the financial statements of Ruby, it can be found that after excluding the Ruby Mall, all aspects of the company's data have declined to varying degrees. Revenue, in particular, was down about 20 percent compared to 2003. However, the corresponding depreciation expense has also dropped by a large amount.

Previously, the hundreds of container ships and tens of thousands of trucks under the shipping department of Ruby Mall had an annual depreciation fee of US$470 million.

In addition, in the expansion stage of Ruby, the investment in fixed assets is very high, mainly the expenditure of new data centers.

Now Ruby has 9 data centers around the world, and each data center has 5,000 servers. And it's still expanding. Because Guo Shouyun's requirement is that the server allowance is always 30% larger than the actual demand.

There is also a reason for this. At present, the Internet is still in a stage of rapid development, and the Internet population is constantly increasing. Maybe in two or three months, the number of registrations and visits to the website will increase by 50%, or even double.

For the best user experience, of course, the data center should allow enough headroom.

Similar to Friendster, the originator of Internet social networking, when Facebook was first established, it was already the leader of American social networking sites, with 40 million registered users. But because of the surge in the number of registrations, it exceeded the server load. Friendster, the leader of the social field, is not thinking about optimizing the website or raising funds to increase the server, but starting to restrict user behavior, resulting in fewer and fewer functions of the Friendster website. Such a foolish move is self-defeating.

It also gave Facebook this latecomer a chance.

As for another competitor, Myspace, after being acquired by the wealthy News Corporation, because the latter is a listed company, there is pressure on performance. Cumbersome ads create an extremely poor user experience. In addition, Myspace allows users to customize and modify their own web pages, but due to technical defects, some defective codes often appear, resulting in very slow opening of the website.

And after being acquired by News Corporation, Myspace became bloated, which lost the fast and flexible characteristics of Internet companies, and was trapped by cumbersome approval processes and fierce personnel battles.

Just like ICQ acquired by AOL, the original good hand was smashed!

The survival experience of these well-known Internet companies is now faithfully implemented by Guo Shouyun in various subsidiaries and sub-sites of Ruby.

Whether it’s LinkedIn, Facebook, YouTube, or LinkedIn’s sub-sites such as blogs and libraries, they all pursue simple pages, and every month, they will optimize their website based on user experience.

Moreover, assigning specific responsible persons to each subsidiary must not appear to be buck-passing.

"How many people are registered in Ruby Company now?"

"Combining all subsidiaries, there are currently 1.179 billion registered users and 8.5 billion monthly visits!"

LinkedIn currently has the highest number of registered users, with 215 million registered users worldwide. Next is Facebook, with 167 million registered users. The third is Skype, with 159 million registered users worldwide. Fourth is YouTube, with 132 million registered users. Fifth is PayPal, with 113 million registered users. Global Fortune Network, LinkedIn News, and the Ruby Research Institute, which is engaged in big data and cloud services, all have less than 100 million registered users.

"What about the revenue structure?" Guo Shouyun continued to ask.

"Online advertising accounted for 67.4%, platform sharing accounted for 19.33%, and wealth management and investment income accounted for 13.27%."…

It is not surprising that online advertising accounts for more than half. Whether it's Facebook or Google, advertising revenue will always be the bulk of a company's revenue. The platform share is mainly the share fee of the Internet applications embedded and connected on the various platforms of Ruby. As well as the sharing fee of various copyrighted and even patented documents in the library.

In the United States, patents, especially copyright patents, are expensive. An ordinary book costs about 20 US dollars, and if it is a professional book such as business or instruction, it can easily cost hundreds of dollars. This is also the reason why people who eat melons in later generations bought second-hand books when they went to college in the United States, and envied the cheapness of Chinese books.

Financial management and investment income are easy to understand. Today, LinkedIn holds 15% of Shi Binsha and Korn Ferry International, and can get dividends. In addition, Facebook also invests in some promising application Internet companies on its own platform, acting as angels and VCs.

This is a development strategy often used by platform-level Internet companies, and there is no reason ruby ​​would miss it.

After Eric Schmidt introduced the revenue of the head office, it was the turn of the branch companies to introduce them. Just as LinkedIn CEO John Belden took out the documents and was about to report, there was a sudden knock on the closed door. Judging by the urgency, it was clear that something very important had happened.

Guo Shouyun felt a little uneasy in his heart. After he waved, Wu Xiaojing, who was closer, got up and opened the door.

Entering was a young woman with eyes. Guo Shouyun knew her, Mary Morgan, Eric Schmidt's assistant.

Seeing her, Eric also seemed a little surprised.

"Mary, what's wrong?"

"Boss! Chairman!"

After greeting Eric Schmidt and Guo Shouyun respectively, Mary Morgan said in a hurried tone with concern: "...LinkedIn's customer information has been leaked. Now CNN news channel has exposed the news, and our customer service has received Hundreds of calls have been made to complain."

Guo Shouyun frowned and asked, "When did this happen?"

"Just ten minutes ago!"

At this time, Wang Jue, who knew his thoughts very well, had turned on the TV on the wall in the conference room with the remote control and found the CNN news channel.

"...Currently, the information of 1,200 users of LinkedIn has been leaked, including key information such as phone numbers and social security numbers. Let us have to put a question mark on Internet security~www.wuxiaspot.com~ In addition, there is no link The executives of British company or Ruby company came out to explain. We don’t know whether this user data leakage incident is a technical loophole of the LinkedIn website or a hacker attack. But we can see from our previous interviews. The LinkedIn users whose information was leaked are very Angry. I hope that the executives of LinkedIn or Ruby can give you an explanation sooner."

Guo Shouyun and others only watched one ending. But the leakage of 1,200 user data is enough to show the importance of the matter in the privacy-conscious society of the United States.

"Boss, I will find out about this as soon as possible!"

Looking at the big boss's sharp eyes, LinkedIn CEO John Belden's scalp was numb, and he quickly assured.

"I'll give you a day."

"Yes!"

Originally wanted to say that a day is a bit short, but looking at the big boss's cold eyes, John Belden swallowed the words that were on his lips.

"The leakage of 1,200 user data is not only a problem of LinkedIn, but also a problem of the entire Ruby company. If this matter cannot be solved smoothly, it will affect the trust of 1.179 billion registered users of Ruby's eight subsidiaries. Therefore, at the end of 2004 The meeting is on hold. From now on, an 'emergency response team' will be formed, with Eric Schmidt and PR Director Ross Brown as the deputy team leader, to deal with this leak!"

Guo Shouyun's firm words made everyone understand the importance of this matter in his heart.

"Your offensive is really wave after wave. But I wasn't defeated so easily."

Thinking of this, Guo Shouyun turned his head, "Deng Ke, the Ministry of Finance immediately prepares funds and prepares for stock repurchase at any time."

"Yes!"

Dunco Verne nodded quickly.

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