Chapter seven hundred and forty fourth calm response

“Removing of Eric Schmidt as Fb CEO and changed by Randy Hammer. LinkedIn CEO John Belden, Information At the moment CEO Rick Bye, World Fortune CEO Monroe Balle Wei, Skype CEO Mike Donner, PayPal CEO Marcos Levchin, Fb CEO Randy Hamer, YouTube CEO Shijun Chen, Ruby Analysis Institute CEO Dave Direney. Ruby CEO Eric Schmidt, President and COO Peter Thiel, CFO Dunco Verne, Chief Human Sources Officer Kelly Dorothy, CTO Chris Zhang; together with me Together with, 13 folks make up the LinkedIn govt committee, which is chargeable for all main choices within the firm.”

Listening to Guo Shouyun’s sequence of reforms to the corporate’s administration construction, everybody checked out one another in dismay. Clearly, the massive boss was ready for the departure of Tim George and others. In any other case, the opposite occasion won’t simply depart, so shortly fill within the vacancies in numerous departments. It additionally reformed the corporate’s administration construction once more.

“Deng Ke! How a lot liquidity can the corporate use now?”

“We will use $1.59 billion to repurchase LinkedIn inventory with out jeopardizing the traditional improvement of assorted subsidiaries.”

“Then repurchase. We’ll take as a lot because the market sells. If the funds will not be sufficient, I’ll inject capital into the corporate. When Ruby’s stake in LinkedIn exceeds 90%, it will likely be compelled to purchase after which delist.”

“Delisting?”

Seeing everybody’s shock, Guo Shouyun nodded.

“Sooner or later, LinkedIn, as a wholly-owned subsidiary of Ruby, will now not be listed independently. Your earlier shares in every subsidiary may even be transformed into shares of the guardian firm after conversion primarily based on the entire belongings of Ruby. Sooner or later, Ruby will It’s the solely listed entity.”

“Okay, now we have now the 2004 Ruby Firm year-end assembly. … Eric, as the corporate’s CEO, it is as much as you to host this assembly!”

Guo Shouyun could be very clear that he needs to downplay the affect of the resignation of Tim George and others. Other than the calm and calm response of his massive boss, one of the simplest ways is to not take this matter too significantly.

January 2005 is sort of over, and Ruby’s 2004 complete income has already been made.

“Do you need to take away the share that initially belonged to the Ruby Mall?”

Eric Schmidt requested.

Ruby Mall was faraway from Ruby Firm by Guo Shouyun within the third quarter of 2004, and is now built-in with Guo’s business.

“Um!”

After receiving a constructive reply from Guo Shouyun, Eric Schmidt mentioned: “With out the Ruby Mall, the entire income of Ruby in 2004 was US$7.438 billion, the online income accounted for 34.5%, and the analysis and improvement bills had been 0.53. USD 1.289 billion in mounted asset funding, USD 47 million in depreciation, USD 373 million normally and administrative bills, USD 28 million in curiosity bills, and USD 808 million in web revenue after tax.”

“…firm complete belongings of $21.39 billion, complete present liabilities of $983 million, long-term loans of $578 million. Deferred tax of $143 million. Different long-term liabilities of $432 million. Complete liabilities of $2.136 billion!”

By way of the monetary statements of Ruby, it may be discovered that after excluding the Ruby Mall, all elements of the corporate’s knowledge have declined to various levels. Income, specifically, was down about 20 p.c in comparison with 2003. Nevertheless, the corresponding depreciation expense has additionally dropped by a big quantity.

Beforehand, the a whole lot of container ships and tens of 1000’s of vans below the transport division of Ruby Mall had an annual depreciation charge of US$470 million.

As well as, within the enlargement stage of Ruby, the funding in mounted belongings could be very excessive, primarily the expenditure of latest knowledge facilities.

Now Ruby has 9 knowledge facilities world wide, and every knowledge middle has 5,000 servers. And it is nonetheless increasing. As a result of Guo Shouyun’s requirement is that the server allowance is all the time 30% bigger than the precise demand.

There’s additionally a motive for this. At current, the Web remains to be in a stage of speedy improvement, and the Web inhabitants is continually growing. Perhaps in two or three months, the variety of registrations and visits to the web site will improve by 50%, and even double.

For one of the best person expertise, after all, the information middle ought to enable sufficient headroom.

Just like Friendster, the originator of Web social networking, when Fb was first established, it was already the chief of American social networking websites, with 40 million registered customers. However due to the surge within the variety of registrations, it exceeded the server load. Friendster, the chief of the social area, shouldn’t be fascinated about optimizing the web site or elevating funds to extend the server, however beginning to limit person conduct, leading to fewer and fewer features of the Friendster web site. Such a silly transfer is self-defeating.

It additionally gave Fb this latecomer an opportunity.

As for an additional competitor, Myspace, after being acquired by the rich Information Company, as a result of the latter is a listed firm, there may be stress on efficiency. Cumbersome adverts create an especially poor person expertise. As well as, Myspace permits customers to customise and modify their very own internet pages, however as a result of technical defects, some faulty codes typically seem, leading to very sluggish opening of the web site.

And after being acquired by Information Company, Myspace grew to become bloated, which misplaced the quick and versatile traits of Web firms, and was trapped by cumbersome approval processes and fierce personnel battles.

Similar to ICQ acquired by AOL, the unique good hand was smashed!

The survival expertise of those well-known Web firms is now faithfully applied by Guo Shouyun in numerous subsidiaries and sub-sites of Ruby.

Whether or not it’s LinkedIn, Fb, YouTube, or LinkedIn’s sub-sites akin to blogs and libraries, all of them pursue easy pages, and each month, they’ll optimize their web site primarily based on person expertise.

Furthermore, assigning particular accountable individuals to every subsidiary should not seem like buck-passing.

“How many individuals are registered in Ruby Firm now?”

“Combining all subsidiaries, there are presently 1.179 billion registered customers and eight.5 billion month-to-month visits!”

LinkedIn presently has the very best variety of registered customers, with 215 million registered customers worldwide. Subsequent is Fb, with 167 million registered customers. The third is Skype, with 159 million registered customers worldwide. Fourth is YouTube, with 132 million registered customers. Fifth is PayPal, with 113 million registered customers. World Fortune Community, LinkedIn Information, and the Ruby Analysis Institute, which is engaged in massive knowledge and cloud companies, all have lower than 100 million registered customers.

“What in regards to the income construction?” Guo Shouyun continued to ask.

“Internet advertising accounted for 67.4%, platform sharing accounted for 19.33%, and wealth administration and funding revenue accounted for 13.27%.”…

It isn’t stunning that internet marketing accounts for greater than half. Whether or not it is Fb or Google, promoting income will all the time be the majority of an organization’s income. The platform share is especially the share charge of the Web functions embedded and related on the assorted platforms of Ruby. In addition to the sharing charge of assorted copyrighted and even patented paperwork within the library.

In the USA, patents, particularly copyright patents, are costly. An peculiar e book prices about 20 US {dollars}, and if it’s a skilled e book akin to enterprise or instruction, it may well simply price a whole lot of {dollars}. That is additionally the rationale why individuals who eat melons in later generations purchased second-hand books after they went to varsity in the USA, and envied the cheapness of Chinese language books.

Monetary administration and funding revenue are simple to know. At the moment, LinkedIn holds 15% of Shi Binsha and Korn Ferry Worldwide, and might get dividends. As well as, Fb additionally invests in some promising software Web firms by itself platform, appearing as angels and VCs.

This can be a improvement technique typically utilized by platform-level Web firms, and there’s no motive ruby ​​would miss it.

After Eric Schmidt launched the income of the top workplace, it was the flip of the department firms to introduce them. Simply as LinkedIn CEO John Belden took out the paperwork and was about to report, there was a sudden knock on the closed door. Judging by the urgency, it was clear that one thing crucial had occurred.

Guo Shouyun felt a bit uneasy in his coronary heart. After he waved, Wu Xiaojing, who was nearer, acquired up and opened the door.

Coming into was a younger girl with eyes. Guo Shouyun knew her, Mary Morgan, Eric Schmidt’s assistant.

Seeing her, Eric additionally appeared a bit shocked.

“Mary, what’s improper?”

“Boss! Chairman!”

After greeting Eric Schmidt and Guo Shouyun respectively, Mary Morgan mentioned in a hurried tone with concern: “…LinkedIn’s buyer data has been leaked. Now CNN information channel has uncovered the information, and our customer support has obtained Lots of of calls have been made to complain.”

Guo Shouyun frowned and requested, “When did this occur?”

“Simply ten minutes in the past!”

Presently, Wang Jue, who knew his ideas very effectively, had turned on the TV on the wall within the convention room with the distant management and located the CNN information channel.

“…At present, the knowledge of 1,200 customers of LinkedIn has been leaked, together with key data akin to telephone numbers and social safety numbers. Allow us to should put a query mark on Web safety As well as, there isn’t any hyperlink The executives of British firm or Ruby firm got here out to elucidate. We don’t know whether or not this person knowledge leakage incident is a technical loophole of the LinkedIn web site or a hacker assault. However we are able to see from our earlier interviews. The LinkedIn customers whose data was leaked are very Offended. I hope that the executives of LinkedIn or Ruby may give you a proof sooner.”

Guo Shouyun and others solely watched one ending. However the leakage of 1,200 person knowledge is sufficient to present the significance of the matter within the privacy-conscious society of the USA.

“Boss, I’ll discover out about this as quickly as doable!”

Wanting on the massive boss’s sharp eyes, LinkedIn CEO John Belden’s scalp was numb, and he shortly assured.

“I am going to offer you a day.”

“Sure!”

Initially wished to say {that a} day is a bit brief, however wanting on the massive boss’s chilly eyes, John Belden swallowed the phrases that had been on his lips.

“The leakage of 1,200 person knowledge shouldn’t be solely an issue of LinkedIn, but additionally an issue of the complete Ruby firm. If this matter can’t be solved easily, it would have an effect on the belief of 1.179 billion registered customers of Ruby’s eight subsidiaries. Due to this fact, on the finish of 2004 The assembly is on maintain. Any longer, an ’emergency response crew’ will likely be shaped, with Eric Schmidt and PR Director Ross Brown because the deputy crew chief, to take care of this leak!”

Guo Shouyun’s agency phrases made everybody perceive the significance of this matter in his coronary heart.

“Your offensive is basically wave after wave. However I wasn’t defeated so simply.”

Pondering of this, Guo Shouyun turned his head, “Deng Ke, the Ministry of Finance instantly prepares funds and prepares for inventory repurchase at any time.”

“Sure!”

Dunco Verne nodded shortly.

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