Chapter 1018: Collapsed valuation system

In fact, the boss of William White is very incompetent. The upcoming Yahoo is the top priority of White Investment.
Not to mention the other, just a valuation, a group of big guys on Wall Street have already turned upside down.
Two years ago, how much could you value a company with only one million views?
A million is too expensive?
Without White investment, no one bets. This valuation is simply outrageous. Was it worth 10 million when you invested in William White?
Not worth it, five million is the most, but what about that?
In 1996, Yahoo's weekly visits jumped directly to 45 million.
But what about that!
You lost more than one million a year, how do we calculate the price-earnings ratio? One billion, it can't be higher, this is the final offer, we will not add another dime!
However, in the last quarter of 1996, Yahoo's advertising revenue exceeded 10 million. According to the contract they have signed now, only advertising revenue will have a chance to challenge the 100 million mark this year.
The population of the country is approximately 270 million, and Internet users are less than 20%. And Yahoo's weekly traffic is close to 100 million.
Lying trough, one billion? Come and come, I give out 1.5 billion in cash for the overall acquisition.
Is a company of 180 people worth 2 billion? As the lead underwriter, Morgan Stanley has collapsed a bit.
"Asshole, what does White Investment say about the guy who wants to buy as a whole?"
"Cough, boss, refuse, William White will inject 200 million again. The valuation gives 2 billion."
For a moment, Andy felt that the surrounding air was condensing. Nima, Damo is embarrassing this time. Will you play?
If a billion-dollar valuation is listed, this is definitely the biggest joke this year.
"Is this just decided?"
"Yes, William White came back and rejected the footbath man for the first time?"
"Softbank, right?"
"Yes, the footbok people flinched, not knowing why."
"Well, what's so strange, William White is closely related to the foot basin consortium. Softbank? Does he think he is Mitsui?"
Of course, William White had to squeeze the old grandson's space, joking, if something goes wrong, it won't end well.
So, on the first day of returning to Los Angeles, he decided to clear.
Fuck off, you are at least a billion dollars worth of knives, although it is quite powerful, but are we comparable?
To be honest, Philson is very puzzled. It is of course impossible to be acquired as a whole, and it is a bit excessive to drive investors away, right?
Yang Zhiyuan initially knew the news, and of course expressed dissatisfaction. In fact, he and Sun Zhenyi have already talked about one thing.
But, two billion!
There is no doubt that the rich are the uncles. Moreover, William White does not want strategic investors, he just restricts shares.
What surprised Daimo is that it will be listed in more than a month. When you get moths at this time, investors should vote with their feet.
However, instead of retreating, investors were more excited. After walking away from a Softbank, they rushed into a pile of foot basin consortia.
Is this a conspiracy? Is William White going to the footbath this time?
The fund manager on Wall Street was dizzy, and they didn't really know how to deal with various clients.
Dare you say it bad?
Think of Netscape and Pixar, didn't you try to belittle yourself?
What happened later?
Customers who feel they are being fooled, of course, vote with their feet. Will you invest?
Damn, why don't the White Fund engage in private equity.
"Warren, you're a slacker. If you order something to drink, I won't get up to greet you."
William White did not mean to ignore Buffett deliberately, not to mention the power behind him, that is, the age of this guy, you need to have corresponding respect.
Seeing the pile of documents, Buffett couldn't help laughing. Okay, the outside rumors seem to be a problem. Being able to approve so many documents is not a stubborn child.
"Are you, have you piled up files for a year?"
"How is it possible that these must be signed, and many things have been e-mailed, these have legal effects, it is impossible to go e-mail."
"Hahaha, I don't have so many documents to sign."
William White squinted at the goods and handed a cigar. "Come on, Cuba's top product. It is said that all of them are made by beautiful women, and don't want to be ugly."
Buffett didn't treat him politely, and when it comes to enjoyment, he is indeed much worse.
Lighting the cigar, William White turned his sore neck. The clicking sound made the Buffett opposite speechless. You goods, go out and wave less, definitely not so hard.
"Warren, I am an industrial company, of course there are many things. If it is an investment company, I will finish it in two days."
"Also, the purpose of coming today is to ask something."
"Don't dare to ask for advice, and discuss with each other. In fact, I like your investment philosophy. By the way, I am a major shareholder of your company, don't you know it?"
Buffett held his glasses, so he took a cigar. How could he not know that nearly 5% of the holdings are almost the largest individual shareholders.
"I'm very surprised. Since you also agree with value investment, do you think the Internet companies now have value?"
"Of course, at the same time, I correct your statement, I have not said that the Internet has no bubbles.
On the contrary, many companies are simply chaotic. You know, my venture capital company has rarely invested in Internet companies in the United States. "
"You mean, good companies are still valuable."
"In fact, the Internet is a winner-takes-all industry and competition is fierce.
Moreover, the first mover advantage is very important. Without Soeasy, Yahoo’s valuation will be higher. As you can see, from clicks to advertising revenue, Yahoo has a dominant position. "
"Does the winner take all? The risk is a little bit big."
"It's great. Soeasy started earlier than Yahoo and had more money than them. However, Soeasy just lost. Although the gap is limited, if you lose, you lose.
However, there are some advantages. The search engine is basically the two.
In fact, the two ideas are different, Yahoo is equal to Soeasy plus NBC Online. It's a portal plus search, and here I am completely operating with two systems. As for the reason, I think you should be able to guess. "
"Hahaha, is it antitrust? Is this a precaution?"
"Alas, they are very unhappy with me. Any guy who comes up always wants to take me to surgery. Of course, for every guy who comes up, I will also give a big meal."
The grievances and grievances between William White and the Justice Department are known to almost every American. Overall, he played a good man who was bullied.
Since he is a good person, the Ministry of Justice is naturally evil. Over time, the relationship between the two will be good.
William White is not sure how much Buffett will listen to. In general, he will make some attempts.
Because everyone's identity is here, you can say something directly. In this respect, William White and Buffett have a good reputation.
Why, why is this old kid cheap?
I think too much, it’s just money off the street, whoever has the ability to get it. If Buffett invests, Yahoo's valuation will increase again.
If you insist on not letting others take advantage of it, then simply privatize it.
Privatization may be a good choice. However, have you ever seen a privatized Internet company.
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