Chapter 1959 Three Billion Is Not Enough

"Ritz, tell me the amount of cash we can use now."

In Yang Cheng's top-floor office, Riz Khan sat across from him without even looking at the documents in his hands. He said, "Given 3 months of guaranteed cash flow, we can come up with US$2-2.2 billion at any time." , even if they are all thrown away, it will not have any impact on the company."

"More than 2 billion?" Yang Cheng murmured.

He took a puff of his cigar and said, "Is this the limit?"

"No, if we compress it to the extreme, we can still withdraw about 3 billion, which is 2.5 billion. If we wait another two months, I can guarantee that 3 billion in cash will be withdrawn at any time without being affected~"

Yang Cheng shook his head, "It's still too little~ Whether it's Facebook or Google, they both have tens of billions of cash flows~"

Ruiz said helplessly, "They have been established for a long time, and it is normal for their accumulation to be richer than ours. According to the data we can currently grasp, Facebook's free cash flow is around 20 billion~"

Yang Cheng spread his hands, "This is what I said, 3 billion or 20 billion, fools all know who can win. This battle is about ammunition. The ammunition reserve is insufficient. It is useless to say more~"

"Boss, we can say that if we take out 3 billion, we can take out 3 billion without going through anyone, but Facebook can't do it. Even if it's a transfer of 10 million, it needs the nod of shareholders!" Ruiz emphasized eerily.

Yang Cheng laughed and said, "I understand this, but when we go to war, we can't expect the other party to have internal troubles. We still have to be tough enough. No, we still have to make money quickly. Before the war starts, I require the company to have at least 10 billion Cash reserves!”

The amount of hair on the top of Ryze's head is visibly reduced. Compared to when he first met him, Ryze looks much older. This is all due to his hard work in the company.

Now that Yang Cheng has issued a death order, he has no way to refuse. He can only bite the bullet and say, "I will try my best, but in order to collect 10 billion as soon as possible, I need your order to release the traders' authority and let them control freely." Funds, without considering capital preservation, it is still possible to quadruple the existing funds in 2 months.”

Yang Cheng nodded without haste, "Oh? It seems you have an idea?"

"Let me keep a secret first?"

"Ha~ You are going to rebel~ Okay, just keep it a secret. I only want to see the results."

"I won't let you down~"

Originally, Yang Cheng didn't intend to ask further questions.

But he suddenly remembered the news he heard in the car when he just returned to New York, and couldn't help but ask, "You don't have any connection with the Soros Foundation, do you?"

Ruiz was stunned for a moment and said with a wry smile, "You really can't hide anything~"

Yang Cheng was surprised, "Is this true?"

He frowned and said, "That old guy Soros hasn't been able to hold back anything good all day long. Which target is he targeting again?"

Ryze shook his head, "This time it's not Soros, it's Bensent~"

"Who? Oh~ I remember, Soros's protégé?"

"Yes, he is now in charge of the Soros Fund and has a strong say."

There is a saying circulating on Wall Street: No one dares to predict Soros's next goal. He has had four major battles in his life. Although one failed, the remaining three were successful, making Soros's name resounding all over the world. He is a financial tycoon, and any target targeted by this tycoon will have to shed his skin even if he is not dead.

The most recent battle was the shorting of the Japanese yen a few years ago. However, unlike the outside world, which took it for granted that this was another classic case of Soros, the person leading this shorting was actually his protégé, and now the Soros Fund CEO Scott Bensent.

"Which currency does he want to short again? Or..." Yang Cheng asked.

Ruiz suppressed a smile, "Yes, it's still Japanese yen~"

Yang Cheng stared, "Shit, there's no point in trying to pluck a sheep by its wool. Are they crazy?"

As soon as he finished speaking, he waved his hand and said, "Forget it, I won't ask anymore. You can watch the tossing. Anyway, just don't expose it. Don't forget that the scale of our investment in RB is not small."

"Understood, let's just follow and have some soup."

"As long as you have an idea~"

Ruiz took out one of the many documents and handed it to Yang Cheng, "There is an opponent you need to pay attention to~"

"Whose opponent?"

"MS short video~"

Yang Cheng frowned slightly, "Didn't my biggest opponent just get beaten away?"

"This is an opponent we have cultivated ourselves. It was originally used to avoid us being subject to antitrust investigations, but I found that they have done well recently and have also accepted private financing from Zuckerberg~"

Yang Cheng said unhappily, "This Xiao Zha is really unwilling to give up~"

When I opened it, I saw that it was a company called Hoo. The product it made was exactly the same as MS short video. It was also aimed at socializing with strangers. This was exactly the same as when MS started, except that MS had already completed the transformation from strangers to acquaintances. , completes all-round coverage, while Hoo is just getting started.

As the birthplace of social networking, from early Facebook to Twitter to blogs and even short video content, it has become an industry consensus that in order to create a world-class social product, it must first gain a foothold in the United States. Therefore, the United States has also become the focus of Internet practitioners around the world. A fascinating place.

In this life, MS short video, which took the lead in the field of short video social networking, undoubtedly has more advantages than tik tok, which was very successful in the United States in its previous life.

The number of global downloads has exceeded 2 billion early. Because it has risen rapidly and is backed by Yang Cheng, a big financial backer, the development of MS short videos can be said to be smooth sailing. American teenagers are also enjoying the changes brought by MS short videos.

Under such circumstances, it is tantamount to wishful thinking for this short video company from Asan to completely copy MS's path.

"The development path of MS short video is difficult to copy." Yang Cheng said with great confidence.

Backed by New Era Media, MS short video can be said to be spending a lot of money when promoting it globally.

Not to mention anything else, last year alone, MS's advertising expenditures in the US market quadrupled. For small companies with limited capital and resources, the development channel for spending huge sums of money to purchase traffic and invest in advertising has obviously been closed.

Ruiz still reminded, "Don't be careless. Hoo has completed three rounds of tens of millions of financing, and they are not short of money."

He pointed to the document and said, "I asked someone to do research, and Hoo very smartly chose a relatively easy route. They are working hard to find blank spots outside the giants."

"What do you mean?" Yang Cheng looked through the documents and asked casually.

“Except for the short video segment, among the existing social platforms in the United States, whether it is Facebook, Instagram or Snapchat, they focus more on the maintenance of acquaintance relationships in real life, plus our MS short video and Toutiao app Becoming a link between acquaintances and strangers, it can be said that Hoo has no room to rise in this field.

But relatively speaking, in the field of socializing with strangers, Tinder and Bumble in the United States have already become the first echelon, but their product form has almost stayed in the image and text swipe card mode, and has not changed much, and this mode has long been unable to satisfy the needs of consumers. The American Generation Z (born after 1996) grew up under the camera. "

Yang Cheng asked in confusion, "Isn't this what we at MS Short Video are doing? When we first made this app, we valued the fact that American young people are very confident in their own image. They like to know themselves through the front camera and are willing to show off. The way we communicate with each other is FaceTime rather than text and text mode.

Young people’s increasingly strong need to make friends is an irreversible historical trend, which is why MS short videos were born. "

“But they have one more function, which is video chatting with strangers, while the so-called socialization of MS short videos only exists in private, and is more about the relationship between viewing and production, with no communication between them.

And Hoo has an additional communication function based on production, which is a gap that we have not yet explored~"

Yang Cheng finally understood the reason for Ruiz's concerns.

“Hoo adopted the most primitive way to expand users in the United States in the early days, following the way Tinder and Bumble started, by organizing fraternities, sororities, offline parties, and going to local universities to do activities, etc., but the results were often unsatisfactory.

Four-digit investment often results in double-digit downloads. The reasons come from various aspects, including product experience, cultural differences, promotion methods... Even when the number of users reaches 10,000, the actual number of people online on Hoo is only 5 to 10. , it was completely impossible to match strangers’ videos, which was the biggest challenge facing their company at that time.

They also realize that it is unrealistic to completely imitate MS short videos, complete the series through content, and ultimately allow users to complete the transition from unfamiliarity to familiarity.

So after more than a year of silence, they released a new version of the app. In just one month, Hoo's downloads have already entered the top 50 in the monthly list. "

Yang Cheng hummed, "But it's not easy for them to grow big in the United States. For all social networking companies, there are two issues that cannot be ignored in the United States: privacy and security. Failure to do so will result in a fatal blow to the product.”

Ruiz certainly agrees with this, "I know that a social product is not as simple as gathering a group of people on the platform. It must meet the needs of users in all aspects. For example, American users pay attention to privacy and security, so when polishing the product , review efforts must be intensified.

I understand, and Hoo also understands that they are looking for the best third-party review service on the market to be compatible with their video streaming technology. They use artificial intelligence to scan the video stream and review the video for any bad behavior, such as whether there are any in the avatar. For reactionary content, including whether the user name contains offensive words in English, the offending user will be temporarily banned or permanently banned according to the specific circumstances and procedures.

After the machine review, Hoo also has a team of 100 people to conduct 24-hour review. "

Yang Cheng had to admit, "They did a good job~"

"In fact, Hoo's products need to face the two most difficult problems: how to match the right people? How to maintain the healthy development of the community?

After repeated exploration and trial and error, Hoo finally mined user interest tags and accumulated billions of matching data in algorithms and data, striving to make matching closer and closer to user needs.

Therefore, the number of downloads is also rising, and now it exceeds 3 million. We must be more vigilant. "

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