Will my idol Andy Lau also log in to Weibo?
"It seems like starting a self-media business has a bright future. I've made up my mind, I'm going to start my own self-media business!!!"
"..."
Seeing that he had said enough, Zhao Ye announced the end of the press conference.
...
Although the press conference has ended, the internet is still buzzing with discussions on Weibo and Twitter.
Many people decided to stay up until the early hours of the morning tonight, waiting for Weibo to go live.
Soon, several hours passed.
As soon as Weibo and Twitter were launched, millions of netizens flocked to the sites.
Fortunately, the company's technical department had made preparations in advance; otherwise, the website might have crashed.
Within about ten minutes, Weibo had over 1.5 million registered users, while Twitter had even more, exceeding 3 million.
Global celebrities and elites from all walks of life also updated their Weibo or Twitter accounts immediately.
"This is my first time on Weibo, please take care of me, I am Tony Leung."
"Hello fans, I am Andy Lau!"
"Hello everyone, I'm Zha Zha Hui!"
"Hello everyone, I'm Zhang Ziyi. I'll be interacting with you all frequently on Weibo~"
"Hey, not bad! I'm Jay Chou, and my new album is coming soon. Fans who enjoy my songs, please show your support!"
"..."
Many celebrities watched the press conference of Wujiang Group, and they are very clear that Weibo and Twitter are important platforms for them to promote themselves and build fan loyalty.
Without the Weibo platform, it's like fans can't find their home.
Therefore, even if Wujiang Group did not invite them, they are now eager to join Weibo.
Weibo staff were extremely busy at this time, constantly creating verified accounts for many people.
Many business owners have also discovered the value of Weibo and have registered accounts in hopes of promoting their own brands and products through self-media.
In addition, some traditional media companies are feeling a huge crisis looming over them.
Weibo and Twitter can provide instant news updates, while newspapers must be printed and then distributed throughout the country, which takes a whole day.
In terms of the immediacy of news, Weibo and Twitter are far superior.
Netizens have already seen the news on Weibo and Twitter, so why would they read it again in a traditional newspaper?
"It's over. The emergence of Weibo and Twitter has undoubtedly brought a devastating blow to our traditional newspaper industry!" a newspaper owner said with a worried expression.
"If no one reads newspapers anymore, I might as well close my newspaper office as soon as possible," he thought.
The stock market opens during the day.
Almost all publicly listed companies related to newspapers saw their stock prices plummet.
Major newspapers around the world, including Ming Pao, Oriental Daily News, Sing Tao Daily, and the Los Angeles Times, are not only seeing their stock prices fall, but also their sales are declining.
Weibo and Twitter have only been online for one day, and their scale and influence have not yet developed. Once the number of users of Weibo and Twitter exceeds 100 million, what future will the traditional newspaper industry have?
Vanguard Group, a Wall Street conglomerate.
"My God, Zhao Ye is amazing! He actually developed such a powerful tool for public opinion! His influence has almost reached a new level!"
"Yes, his talent is so outstanding that even our capital can't compete with it!"
"We should now try to acquire a stake in Twitter. I think Zhao Ye's intention in separating Weibo and Twitter to create two separate brands is likely aimed at securing funding for Twitter. After all, Twitter's influence on public opinion is stronger than all the newspapers in the United States combined. The US government can't possibly allow such a website to be controlled by a Chinese company! So, this will be our opportunity!"
"Yes, that's right. We need to act quickly and make sure we can finalize the deal with Wujiang Group to invest in Twitter before any other investment companies do!"
"Okay, I'll send someone to Wujiang Group right away!"
"..."
At this point, Vanguard is not the only investment firm that values Twitter.
Goldman Sachs, Morgan Stanley, Sequoia Capital, and other companies immediately sent their top executives to discuss investing in Weibo and Twitter with Wujiang Group.
At the press conference, Zhao Ye described the prospects of Weibo and Twitter as extremely promising, and said that the possibility of their realization was very high.
With the advent of the era of self-media for all, the value of Weibo and Twitter is obvious, and they are poised to replace traditional media in the near future.
...
"Chairman Zhao, so many investment companies have contacted us, what do you think we should do?" Liu Yinyin asked Zhao Ye.
Because of their unique circumstances, Weibo and Twitter could be banned at any time if controlled by only one company, Wujiang Group, which the government may deem as manipulating public opinion. This is especially true when dealing with certain sensitive issues, where the government could shut down the websites if they are not careful.
Such things were commonplace in my past life.
It was now September 2001. Zhao Ye knew perfectly well what was going to happen in New York. He was worried about whether Twitter could report on such a sensitive event, and whether they even dared to.
So, if investment companies want to invest in Weibo and Twitter, then come on, let's share the risks and pressures together.
"Notify them that Weibo and Twitter will be conducting their first round of financing on September 4th, and tell them to hurry up and submit their offers!" Zhao Ye said calmly.
Liu Yinyin was taken aback. She hadn't expected her boss to agree so quickly. Shouldn't they have waited a while longer, until Weibo and Twitter had more users, before seeking funding?
"Okay, Chairman Zhao, I'll go and notify the investment company right away."
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com
