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Chapter 008 An unexpected discovery

The next day, Sheikh brought his company head, lawyers and financial consultants to the door, and conducted detailed negotiations on the issues of investment holdings and rights and obligations.

Based on the intention to cooperate that has been agreed orally, the negotiation of details has not been hindered.

All the rules are listed, and after confirmation by lawyers, representatives of both parties signed their name on the agreement. From now on, 35% of Facebook's shares will be held by two offshore subsidiaries of Dubai Holding Group.

Correspondingly, the group will pay Facebook's US$150 million in financing, with 149 million flowing into the company's account, and the rest will be used as dividends for the founding team.

There is actually a dividend trap here. First, Sheikh owns 35% of the shares, and second, the money belongs to the company... Of course, Sheikh does not have a big fuss, so he just thinks it is to give this group of technical homes a little sweetness.

It is not okay to just want the horse to run but not let it eat grass.

After signing the agreement, Sheikh snapped his fingers and called Amir. The guy smiled and brought several bottles of champagne. The young people with red face could no longer suppress their excitement of celebrating.

"Slow down!" Amir protected the bottle, "Let my respected Prince Rashid come first-"

"Oh!" Everyone started to cheer. This guy is too protective of the master!

"Come on!" Sheikh took the champagne bottle without any mind, stood on the chair and swayed, "Celebration Party--it begins now!"

"Bang"

With a loud bang, the champagne washed away the block, and the splashed wine spread all over the crowd. Amid the screams, the rest of the people also snatched the champagne bottles, shaking them to hurt each other.

The scene was in chaos, and no one in the house could avoid the champagne rain. Amir became the focus of everyone's attack, and his whole body was soaked, like a drowsy cock.

Sheikh raised his head and fed himself a few sips of champagne, and suddenly burst into laughter.

Amir smiled foolishly, seeing that half of the empty wine bottle in his hand, there must be a lot of results. The rest of the people looked at each other and smiled at each other's embarrassing appearance.

"Damn it! I forgot to shoot a video to commemorate it!"

Suddenly someone patted his head regretfully, and everyone looked at him. He was a Chinese wearing glasses, and he seemed to be named Steve or something. He had always been relatively low-key in the company.

His companions laughed and said, "You missed an opportunity to promote your video website."

Steve shrugged: "What I missed is the historical moment, and my website has not improved much. I will focus here in the future. I'm sorry."

"Video website?" Sheikh suddenly interrupted.

Steve looked up at him, wondering why the rich man asked this, and replied: "I and a few friends were bored and started a video sharing website for short videos, videos and so on."

Sheikh asked casually: "It's quite fresh, what's its name?"

"Youtube."

The latter's answer made him stop suddenly. This is a well-known name! The memories of the past are reappearing. YouTube is the world's number one video website in later generations, with users spread all over the world!

One of the founders of the website seems to be Steve Chen, who is the low-key Chinese in front of him. Sheikh remembers that he had browsed his interviews on the Internet, and he once joked that he regretted selling YouTube too early.

In fact, YouTube was founded in early 2005. In just over a year, Google acquired it for US$1.65 billion at the end of 2006, and then immediately rose to more than 2 billion.

In 2015, YouTube has grown into a video sharing website giant with an annual income of nearly 10 billion US dollars and a valuation of 80-90 billion US dollars. It can be said that Mr. Chen missed the wealth of astronomical numbers in one thought.

"Hey! Didn't Rashid recommend Facebook to add short video features? Now that we have plenty of funds, maybe we can try it!"

"Let's add a little bit of fire to Steve's career!"

"Thank you everyone! But this job is not easy to do, and I can hardly stop busy every day." Steve's words were already a little tired.

Sheikh, who was distracted, suddenly came back to his senses and said in a targeted manner: "I think it's interesting to share videos in the present. He got rid of TV advertising and waiting, and the viewing rights were left to the users."

Zuckerberg found the key: "Are you interested in online videos?"

Steve also looked over and Sheikh admitted: "I think this direction is very suitable for the trend of the times, of course I want to see what it looks like."

"We have the least lack of Internet here." Everyone was enthusiastic and ran to a computer that was turned on and logged into YouTube's website.

YouTube is still very simple now, the interface of the beta version is like a copycat website, and the video content is very small. Sheikh pretended to watch the short video uploaded by several users and thought about it.

Compared with the long-term investment that Facebook needs to wait for for ten years, YouTube's value will be reflected even more rapidly. It was established in 2005 and sold for 1.6 billion in 2006, with an amazing growth rate.

Sheikh lacks an industry that can be monetized in the short term. He has no hope for Facebook in recent years. Even if he is behind the scenes, he will not meet the requirements without five or eight years.

But YouTube is different. Its value is more direct. If you can hold it, you can make appropriate monetization when you are short of money, and it is easier in terms of management.

Because Xie He often watched videos by the wall in his previous life, he was familiar with various domestic video software and had a clear understanding of the advantages and disadvantages in his heart. He just needed to spend money and accelerated development.

After getting an idea, Sheikh talked to Steve: "Why can't continue to do it?"

Seeing that he was interested, Steve started chatting: "As the data traffic grows, we have many things that cannot be accomplished by small teams alone, such as supporting various mobile phones and searching and classifications within the site, and the team is almost exhausted to deal with."

"The other important point is the problem of capital. Such companies have high requirements for servers and bandwidth. I used to regard it as a hobby, but now the focus is on Facebook, so I have no time to take care of it."

"Yes." Sheikh considered for a few seconds and looked at him again: "What if I am interested in this, buy it out of you and give you enough money to develop?"

His group of friends first reacted: "Congratulations, Steve!"

Zuckerberg also congratulated: "With Rashid's advanced understanding of the Internet, the website will surely explode in his hands."

Steve did not agree at once, but said good or bad: "This type of website is indeed very novel at present, and it has development prospects, but if you are thinking about advertising profitability, it may not be possible for a long time."

"There is another important issue. It not only cannot make profits in the short term, but it will also continuously consume funds. If you want to expand abroad, you also need to compile the website into different languages ​​and arrange content for your preferences."
Chapter completed!
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