Jobs remembered that Feng Yiping once said that if there was a chance, he hoped to further absorb Apple's stocks, so he hoped to absorb and hold them in the name of United Fund.

"If the fund can hold a stake in Facebook, that's certainly very good," said Jobs.

Face's momentum is really stronger than Google's in the past, but what is Google's market value now

Therefore, holding a stake in Facebook will definitely be a good thing, because in terms of market value, Facebook should follow Google in the future.

Google's market value is $200 billion, Facebook will definitely have $200 billion, Google's market value is $500 billion, Facebook will also be close to $500 billion

But at the beginning of Facebook's listing, its market value should still start at $100 billion, so this is definitely a good investment.

However, Apple and Google, he think, may be a different matter.

Apple's stock price is currently around 330, while Google's stock price has once again broken through the $500 mark. From an investment perspective, the price is really not low.

He is very clear about his company's situation. At the press conference this fall, the blockbuster product iPhone4s that Apple will release cannot be regarded as a new product. It can only be said to be a perfect work for the iPhone4 launched last year.

It can be foreseen that the stock price will definitely fall at that time.

"But other stocks"

He can't say that he is not optimistic about Apple's stock price, nor is he able to talk about Google's stock price in front of Google, so he can only make such a vague mention.

Feng Yiping immediately said, "Although Apple and Google's stock prices are not low now, I think they will have a lot of room for growth in the future, so they are worth investing in," he said.

Although he also feels that from the data analysis, Apple's current market value and its stock price are a bit inflated because Microsoft's revenue and profits are still higher than Apple and Google, and even Google's profits are comparable to Apple, but Apple's market value is not only much higher than Google, but is nearly $100 billion higher than Microsoft.

But he even knew that both Apple and Google would reach new highs in the future. At least in 2014, Apple seemed to be close to 500 billion, and Google would exceed 400 billion.

Although there are some impacts now, such as Google, because of its own, without youtube and Android, and the growth rate of face is faster than before, it will inevitably have a negative impact on its market value.

But at the same time, it is also because of its own that Google has been developing steadily in the field of Chinese search. In the field of cloud computing, it has surpassed Amazon and Google Chrome, and has also seized a lot of Microsoft's share. Google Maps and Google Mail are both launched earlier and developed better than before.

Therefore, compared with the original same period, Google's market value will not only not decrease, but will also increase accordingly.

Similarly, because of Feng Yiping, Android is more powerful than the original development momentum, which certainly affects Apple to a certain extent, but it is also because of him that Apple attaches more importance to the Chinese market than before, which has led to a higher increase in Apple's hardware revenue.

Therefore, even now, it is good to absorb the stocks of both of them, which are mainly stable, such a private fund as United Fund.

Of course, the focus of Feng Yiping's proposal is not actually to improve the profitability of funds by absorbing Apple and Google's stocks.

Page thought for a moment, "Face's shares are easy to talk about, but Google and Apple are a bit difficult to deal with,"

Because they have been listed for a long time, it is really not easy to hold Google and Apple stocks on a large scale.

"Feng, you won't be thinking," Bryn stood up, "Do you want us to bring our shares in Google?"

Jobs and Page also thought of this. Feng Yiping has always emphasized coordination, emphasizing reducing internal friction between the three of them, and emphasizing that the possible unhealthy relationship between the three of them after they let go.

Feng Yiping nodded slightly, "Yes, I hope that United Fund can hold large amounts of shares in our three companies at the same time. In this way, many of the problems we are worried about will not be problems,"

Although it is not impossible to merge face and Google, it seems that there are too many problems to solve and the difficulty is not ordinary.

But in this way, not only can relevant supervision be avoided, but the two companies can be essentially coordinated and unified.

The same goes for Apple.

"The joint fund can also carry out wealth management business, right?" he smiled. "So, we can completely put the shares of the three companies we hold in it."

"As for how much to put it in, the proportion of the fund holdings and the fund manager after it is placed in, it is all technical issues. As long as we can reach a unified level, those issues are not worth worrying about,"

Jobs was very clear in his heart. The essence of Feng Yiping's proposal was to form an alliance, and the three of them formed an alliance.

If his proposal can be implemented, then by then, three of the five major high-tech companies in the United States will essentially become a united front, and at least in the big aspects, will be coordinated.

Such a prospect made him feel excited.

Even if the three of them can cooperate with each other to a limited extent, the benefits brought by this will be huge.

Not to mention the others, the measures used to guard against Apple, Google and Facebook are mainly between them. The measures used to guard against and guard against each other can be cancelled accordingly, which will greatly reduce related expenditures and liberate a large number of people.

For example, since the launch of IAD, Apple has increased a lot of investment in the mobile advertising field and they have also launched their own advertising system IAD.

This system is currently used on IAD, iPhone and Iod.

In order to enter the advertising market, they first spent $300 million to acquire an advertising company, and then based on this, invested a lot of resources to develop this IAD advertising system, but this may be one of the projects he will lead after returning to Apple.

Since the system was put into use, the revenue has been less than US$20 million, and the management cost of maintaining this system alone exceeds US$70 million per year

The biggest problem is that this system may not be "become the best mobile advertising platform" as it was originally launched.

The reason why they did this was just a counterattack against Feng Yiping and Google was mainly aimed at Feng Yiping, which was just a collateral damage to Google.

Since you have released Android and entered my core position, of course, I also have to make a difference in your core position and online advertising field.

If they could roughly collaborate, such waste and the potential to damage their reputation would not have happened.

You should know that the weak development of IAD advertising system has damaged not only the fact that Haikou, which was praised by Jobs' personal reputation, has not been realized, but also the reputation of Apple.

Apple has been criticizing Google, face, Android, etc., which mainly relies on using user information to publish advertisements. They do not respect users. Now they have also launched an online advertising system, which is undoubtedly a slap in the face.

In addition, joint holdings of joint funds can also reduce many other troubles, such as the patent lawsuits between their Apple and their two homes; for example, when they are targeted by regulators, don’t worry about them stabbing them quietly behind them; for example, to encircle Microsoft in more fields.

But the biggest attraction to him is that if this is true, he will finally not have to worry about Apple's development in the future.

With Google and Feng Yiping's companies as barriers, what else can you worry about?

This is a suggestion that made him a little dumbfounded, but very attractive.

On the other hand, Page and Brin have already given the answer to Feng Yiping's question, "Feng, we will actively consider your proposal,"

Jobs knew that the result would be like this. For Google and Facebook, which had been considering merging privately, Feng Yiping's proposal was simply the most appropriate one.

But it's a bit difficult for me.

Page and Brin are Google's largest shareholders, while Feng Yiping holds most of the equity of Facebook. Although he can control Apple's board of directors and management, he is not Apple's major shareholder. He currently only holds 6% of Apple's equity.

He looked at Feng Yiping, and to be honest, this problem is not big.

He looked at Feng Yiping with apologetic look, "Feng, I personally think about it

Good for your proposal, I will also actively consider it.”

Feng Yiping said, "Sorry, Steve."

Jobs waved his hand, "No, I originally hoped that more work can be handled these days,"

One sentence made everyone silent again.

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