After 2006, Yahoo entered a complete decline.
Rejected Microsoft's lucrative acquisition offer four times
In 2009, Yahoo had its last chance to turn things around when Microsoft offered to acquire it for $44.6 billion.
While the entire market was still reeling from the offer, Yahoo resolutely rejected it! Because Yahoo believed its value far exceeded that figure...
Yahoo missed four opportunities to turn things around. Of the more than 50 companies it acquired during that period, not one went bankrupt.
This is truly a case of bad luck... Baidu, Google, and Facebook are probably thanking Yahoo for not acquiring them. Yahoo never lacked opportunity or luck; they ended up where they are today because they were overconfident and never analyzed market trends or directions, leading to their inability to see potential stocks or understand their own limitations.
Yahoo was the one who got repeatedly outmaneuvered by Feilong, giving them chance after chance. To be honest, Shen Fang thought Yang Zhiyuan must have saved the galaxy in his past life, otherwise how could he have had so many opportunities? Unfortunately, when given the chance, he was useless.
"Chen, do you mean you don't have a good opinion of Yahoo's founder, not that you don't have a good opinion of Yahoo?"
Shen Fang nodded.
"Of course, Yahoo is a godfather in the global internet industry. They are the biggest in terms of size, and even if they fail, a fallen camel is still bigger than a horse. It's just that their strategic vision was flawed. They thought they could make money now, so they didn't think about innovating new technologies. Google's keyword search will be the trend. Compared to Yahoo, I am more optimistic about Google."
"Keyword search?"
Shen Fang nodded.
"It's basically about organizing a database, numbering and reorganizing the code, and then searching for it using keywords. For example, if you want to watch a movie or learn how to cook a Chinese dish, you can search for it on a search engine and get everything you want in one second. Although this technology has been around for a long time, and Yahoo has its own dedicated resource library, Google's resource library is now larger and more comprehensive."
Last year, Google AdWords launched the PPC (Pay-Per-Click) model, which has become the mainstream AdWords model to date. This search advertising model, invented by Overture, has been popularized and developed by Google. As a result, Google has become a money-making machine that fully utilizes search.
Mid-year, AOL abandoned Inktomi and switched to Google's search data. At the end of the year, Yahoo! also abandoned its practice of first returning its directory data and adopted Google's search data entirely.
"As far as databases are concerned, Google has the largest database and they also control the traffic secrets. Yahoo will not be their match."
Jane nodded upon hearing this and looked at Chen Fang respectfully.
"Chen, thank you for your explanation. I know what to do next."
Shen Fang smiled: "Aren't you afraid I'm trying to fool you?"
Jane refilled Chen Fang's coffee.
"If you can bet a hundred million US dollars, we are willing to bet the same amount. The internet is the future of the economy, which is universally acknowledged."
Shen Fang burst into laughter.
“This lesson of mine didn’t come cheap, Jane.”
Jian smiled gently.
"I will help you obtain 1 million shares, the initial equity."
Shen Fang frowned: "Initial equity?"
“That’s right. Google once received investment from us, about 12 percent of the shares, and I happened to be in charge of that project.”
Shen Fang's eyes lit up.
“Jane, let’s not beat around the bush, can you sell it to me for a little more? Price is not a problem.” Shen Fang winked at the blonde woman.
Jane shook her head: "Chen, although you are very handsome, you can't treat Fang Dian like this. I have a fiancé, and I can't give you more shares. These 1 million shares are priced at 5 US dollars per share, and I will transfer them to you at the original price. Consider it tuition."
Shen Fang touched his chin.
"I find it strange that you invest in Google, but don't you understand Google?"
Jane smiled and said, "I don't know. All we know is that they're throwing money around. When the internet was booming, I handled nearly 50 projects. How could I possibly know about them all?"
Chen Fang remained silent...
"Multiple investments?"
Jane nodded.
"That's right, but we can make huge profits as long as we win just one bet. So many companies can get investment as long as they have a fixed model and good entrepreneurs, after our interview."
Damn it, this is really something! But this is way better than buying lottery tickets. 50 companies, and this is in the early stages of internet entrepreneurship. There are hardly any scammers; most are genuinely serious people who want to do big things. A small investment will yield massive returns. This capital is just sitting back and making money! Damn it!!! This is fucking awesome!!!
"Tsk tsk, you capitalists have it so easy. Alright, all done with work? Want to grab a late-night snack?"
Jane smiled and pointed to the time on her watch.
"Handsome, it's already 10 o'clock. I need to go home and rest. Don't you know how painful it is for a woman to stay up all night?"
Shen Fang nodded.
Xu Xin said goodnight to her old classmate.
The two left Goldman Sachs and got into a Lincoln limousine. Shen Fang opened a glass of champagne and poured Xu Xin a glass.
Xu Xin held a wine glass.
"Young boss, we've only just made contact with the landlords' association. Isn't it a bit... a bit much to involve Goldman Sachs now?"
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