Unparalleled True Technology

Chapter 257 Transactions at the Shareholders' Meeting

"Actually, my time is still very valuable."

Wen Ming spoke for the first time in the conference room of the Facebook headquarters. The originally silent conference room became even quieter. No one could ignore Wen Ming's words, because Wen Ming was the richest person present.

Even richer than those investment banks.

What Wen Ming said next made the Facebook shareholders present, including Mark Zuckerberg, feel a strong taste of nouveau riche.

"So let's be straightforward. Your purpose is nothing more than to cash out as soon as possible. Whether it is getting Morgan Stanley to take a stake or getting Goldman Sachs to help Facebook go public, this is the purpose."

Wen Ming said with a beating expression on his face: "In this case, why don't you sell me the shares in your hands?"

Companies with too many shareholders will often fall into this kind of debate about the direction of the company. Wen Ming doesn't like this kind of feeling very much, so when he bought Tesla, it was a wholly-owned acquisition. Later, even if Sequoia Capital became a shareholder, it allowed itself to hold absolute control and the highest decision-making power of Tesla.

The highest decision-making power with absolute control is the real highest decision-making power. Mark Zuckerberg's highest decision-making power is a bit fake. Otherwise, Wen Ming wouldn't have wasted so much time.

"I can make Facebook's valuation premium to 50 billion US dollars, and then, you sell me your Facebook shares."

Facebook's current valuation is only 40 billion US dollars, and this is still at a premium. If the premium reaches 50 billion U.S. dollars, it is already equivalent to what many people think Facebook's market value will be after it goes public.

In another world, although Facebook created a market value of 104 billion US dollars when it went public, it became the company with the highest market value listed by an American company, and it is also the company with the highest market value listed by a global high-tech company.

But, that was 2012 in another world.

At this time, the Facebook that Wen Ming was talking about was still in 2010, both in terms of revenue and global user scale, it was much worse than Facebook in another world in 2012.

In another world, in 2010, Facebook’s valuation was actually only over 20 billion U.S. dollars. The reason why it was able to reach a premium of 40 billion U.S. dollars was because Wen Ming developed ins, a social photo sharing software for mobile phones, in advance and sold it to Facebook. , And launched the iphone, so that the rapid growth of smart phone users around the world.

It can be said,

If Wen Ming hadn't launched ins or iPhone, the Facebook in this world would really not be worth 40 billion US dollars at this time.

However, there is no way around this. If Wen Ming hadn't launched these two products, he wouldn't have the money to sit at Facebook's shareholder meeting and make everyone shut up when he was talking.

If there is a gain, there is a loss, and if there is a loss, there must be a gain. Between gains and losses, Wen Ming feels that he has made a lot of money. Therefore, he went directly to Facebook's shareholder meeting, trying to smash away those who disagreed with him.

And the people from the six venture capital companies, including several individual investors, as well as the Facebook co-founders, executives, and technical personnel who own Facebook shares, after hearing the valuation of 50 billion US dollars, all have a kind of want The urge to sell his shares to Wen Ming.

When they invested in Facebook, the market value of Facebook was never as high as before. Before Wen Ming, the last shareholder of Facebook was Li Jiacheng, the richest man in China. He paid 120 million US dollars and got 0.8% of Facebook shares. . In this way, Facebook's valuation does not even exceed 15 billion US dollars.

The shareholders sitting here invested in Facebook earlier than Li Jiacheng, so if they accept Wen Ming's valuation of 50 billion US dollars, then they will definitely earn several times the income.

The person in charge of Red Dot Ventures was the first to speak, and said, "If you are willing to accept Facebook's valuation of 80 billion US dollars, then I can sell all the Facebook shares held by my company to you now."

After saying this, the person in charge of Red Dot Ventures was full of smiles. He was slapped in the face by Wen Ming before because his company was not as rich as Wen Ming's company before. And now that his face has been torn apart, when Wen Ming wanted to throw money at them, how could he not fight back?

The valuation of 80 billion U.S. dollars is still far from Facebook's later valuation of 500 billion U.S. dollars. This kind of investment is definitely profitable. But Wenming doesn't have that much money, and Red Dot holds 10% of Facebook's shares, so it needs 8 billion US dollars to buy it.

Although Wen Ming's money is more than 8 billion US dollars, he still needs to use it to invest in other projects.

The other shareholders also probably know Wen Ming's family background, and know that Wen Ming cannot accept an offer of 80 billion US dollars, so they are all ready to laugh, and they don't like Wen Ming's current attitude.

Wen Ming said indifferently: "I think, compared to valuing Facebook at 80 billion US dollars, it is easier for me to directly acquire your company. By the way, what is your company's name?"

The assets of venture capital companies are the equity of the companies they invest in, and among the companies invested by Red Dot, none of them are valuable except for Facebook. Of course, this value is for Wen Ming.

If Wen Ming is determined to acquire the companies that Red Dot invests in, then Wen Ming is equivalent to mastering Red Dot.

After the confrontation, there are still some people who are willing to ease the atmosphere.

The representative of LinkedIn said: "Mr. Wen Ming, all of us know that if Facebook goes public, the market value is very likely to exceed 100 billion US dollars within two years. Therefore, it is impossible for us to go public before Facebook goes public. , selling our Facebook shares.”

Wen Ming laughed and said: "You can only represent you and your company, not other people. I think, among the people present, there should be someone who is willing to accept a valuation of 50 billion U.S. dollars?"

In fact, when Wen Ming and Mark Zuckerberg met with other Facebook shareholders yesterday, they were already ready to acquire the shares of other Facebook shareholders, because this business will definitely be profitable.

But because of the red dot's refusal, their follow-up meetings became very difficult. Therefore, he can only make this appeal at this time.

The representative of LinkedIn was about to reply to Wen Ming's words when he heard someone say: "On behalf of Mr. Li Jiacheng, I accept Facebook's valuation of 50 billion US dollars and transfer our Facebook shares to Mr. Wen Ming."

A white woman sitting there raised her hand and signaled: "I am leaving this conference room now to prepare the power of attorney, the Facebook shares we own, and the voting rights, from now on, will belong to Mr. Wen Ming .”

The Facebook shareholders in the meeting room, except for Wen Ming and the white woman, all had very weird expressions.

Even Mark Zuckerberg looked at Wen Ming with a look of surprise. Wen Ming had never told him this before.

No one doubted the identity of the white woman, because she has been representing Li Jiacheng to Facebook meetings since Li Jiacheng became a shareholder of Facebook.

After the white woman decisively left the meeting room, someone raised her hand and said, "On behalf of Microsoft, I also accept Facebook's valuation of 50 billion U.S. dollars, and transfer our Facebook shares to Mr. Wen Ming .”

Two consecutive Facebook shareholders accepted Wen Ming's offer, and at this time, if there were no secret transactions before, the other Facebook shareholders would not believe it.

None of them spoke, and they were waiting to see who else was willing to accept Wen Ming's offer, or in other words, stood on the same front with Wen Ming.

...

ps: Sorry, there are only three shifts today, I can’t stand it any longer, try to make five shifts tomorrow, and pay it off at once. ) Download Free Reader!!

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