Chapter 2632 How to Retreat From the Current

A seagull squawked and flew overhead, and Chief Yang stopped.

The reason why this happened was because from the bottom of his heart, he still didn't quite believe that Feng Yiping would join forces with Microsoft to deal with him and Yahoo at such a time.

In the nearly 15 years since he started his business, he has been on the altar and fallen into silence. Now he has become increasingly marginalized and has become a thing of the past.

These more than ten years of ups and downs have long made him believe that since they are the two most outstanding Chinese in Silicon Valley, they must help each other and other fairy tales. But based on his experience, even Feng Yiping got it wrong. , that would really make him feel a little frustrated.

Sometimes, there are many opponents, and we don't care. What's sad is that there are people among the opponents who you originally liked.

Feng Yiping walked to Chief Yang, listened to the laughter from other decks, and looked at the gradually blurring land, "Chief, how long do you think it will take for Yahoo's market value to return to US$40 billion? "

"Three years, or five years?"

"Have you ever thought about the cruel possibility that Yahoo's market value will never exceed US$40 billion, whether in three years or five years?"

"Impossible," Chief Yang shook his head. "As long as you give me two years to reorganize Yahoo's business system and re-establish the direction of development, we will definitely..."

"Do you think the board of directors can give you two years to do such a job?" Feng Yiping interrupted him unceremoniously.

Chief Yang was silent.

Two years?

It is estimated that after two quarters, if he still cannot deliver an answer that satisfies shareholders and the stock price falls or does not rise, then his actions will be subject to many constraints.

If Yahoo's board of directors was a board that focused on long-term interests, they wouldn't have made so many moves that only focused on short-term interests in recent years.

It is estimated that under such circumstances, he will soon "receive" some "suggestions" and some "suggestions" for acquisitions.

Acquisitions are the most volatile approach to stock prices.

He looked at Feng Yiping, thinking about Google, which was now at its peak and making progress all the way, and felt extremely regretful.

At the beginning, why didn't he and Ferro think of designing a dual-class share structure to ensure their control over the company?

At that time, under the pursuit of venture capital, they sold out so many shares that now, they have completely lost control of the company they founded.

Perhaps, the mistakes he and Ferro made provide the best negative reference for Google and Feng Yiping in front of them?

He shook his head. It was already uncomfortable enough, so it was better not to think about these more uncomfortable things.

But Feng Yiping did not take care of his emotions.

"Or, the Yahoo board of directors unconditionally supports your work. Do you think, in two years, you will be able to defeat Google in the search field, or defeat my company in the social field?"

Chief Yang...has nothing to say.

That was naturally his goal, but it was really a goal that he didn't even have the confidence to accomplish.

Two years later, Google and Feng Yiping's company will definitely make greater progress, whether in the search field or in the social field.

The gap between Yahoo and them at that time was not necessarily smaller than it is now.

However, he did not expect that under his leadership, Yahoo would become the number one company in the search field or the social networking field. As long as Yahoo's other businesses continued to develop, it could still rank first in those two fields. You two, Yahoo's future will be bright.

He is still confident in this... The premise is that, like Jobs, he can turn the board of directors into his own voice.

The reason why Jobs has such a status is that he developed a series of products after his return, which immediately restored Apple's vitality.

Can you do it yourself?

He quickly went through some of his ideas. Unfortunately, at least for now, he didn't think of such a product.

"Do you think that in two years' time, Google will only be a simple search company, and my social network will only be a social networking company?" Feng Yiping seemed to have seen through Chief Yang's mind this time.

“The times have changed, and so have the users,” he said. “With the popularization of smartphones, the Internet will also enter an era of great change. Any single model can only support one enterprise, and at most it will be prosperous. Just a few years,”

"We must proactively expand industrial boundaries and systematically implement industrial transformation and upgrading when development is still going smoothly,"

Chief Yang wanted to say, that’s why you launched the Android system, right?

"Yahoo has missed too many opportunities and squandered too much money. Now there is no chance for trial and error,"

Chief Yang wanted to refute, but he really couldn't say anything to refute.

Thinking about the money that Yahoo has spent on acquisitions over the years, thinking about those projects that were acquired at high prices, and which ones still have some traces now, his heart also ached...

"Chief, I think you must understand what is the biggest difference between Yahoo, Google, and my social network," Feng Yiping asked.

It was obviously hard for Chief Yang to answer such a question, so he asked and answered himself, "The biggest difference is that Google and my company have more user information, so they can achieve precise advertising. "

"What about Yahoo? No matter how many users you have, you only have a small amount of user data,"

Is it still possible for a user to register in detail before he can browse the news on Yahoo Finance and Entertainment?

Needless to say, Chief Yang really has such an idea, but the result of doing so now is to make more users stay away from Yahoo.

"In the early days of the development of the Internet, Yahoo would be favored by advertisers because there was no choice. But now, why don't advertisers choose search engines and social networks?"

"Yes, there are many new directions, e-commerce, cloud computing, big data..."

"However, I always suspect that with the current short-sightedness of Yahoo's board of directors, they will most likely not agree to invest in projects that require large investments in the early stage and will have a relatively long payback period,"

"Even if you can get the board of directors to agree, with Yahoo's current style of being always two beats too slow and one step behind in intensity, I don't think Yahoo can run these projects well,"

"I know these words must make you uncomfortable to hear, but as a friend, I still have to say," Feng Yiping looked at him, "For example, if Yahoo still has that ability, then Yahoo China , How did it develop to this point?”

This is another thing that makes Chief Yang feel heartbroken when he thinks about it. At the same time, it also reminds him of the old saying, "You only know how to cherish after losing."

After Zhou Dapao left Yahoo and worked secretly in venture capital for a while, he has officially taken over as the head of 360. The 360 ​​Guard he launched has become one of the most successful products in China this year.

Judging from the development trend, in a few years, he will definitely come to the United States to ring the bell.

If then...then now...

He shook his head.

"So in my opinion, Yahoo is still a very powerful company, but from the company's board of directors to the following executive team, everything must be overhauled to be able to achieve success in future competition,"

"But under the current circumstances, who can do such a job? I think you are also powerless!"

"The result of not being able to make such a major adjustment is that Yahoo's market value will shrink further in the future, and we cannot rule out that this will happen very quickly."

"I imagine that by then, the board of directors will be discussing your tenure again, and the people who idolized you will be resentful of you because you refused to sell Yahoo at a high premium."

"At least, I don't want to see that ending,"

"Chief," Feng Yiping pulled Chief Yang to sit on the sofa, "I know you are not willing to give in. I know you still have many ambitions, but I must say that with your current strength, you are already a leader against Yahoo! There is no way to save it,”

"On the contrary, after Yahoo was acquired by other companies and carried out a series of drastic reforms and adjustments, the historic company you founded will still have a chance to survive,"

"For you personally, before you leave Yahoo, you can still get very good returns for all investors. In the future, you will still be the Chief Yang who is admired by all Internet users and investors. "

"So Chief, why not obey the investors' opinions, seize this opportunity, and finally retire with success?"