Chapter 20: Facebook Press Conference
Another day passed, and the land of China was now in its sleep, and the other half of the planet was in its upright sun.
At 10:30 a.m. local time, the social giant is holding a press conference at Facebook headquarters here. The press conference has been started for some time, and nearly 100 reporters from major media outlets around the world are present.
Facebook founder Mark Zuckerberg personally came to the podium and then announced: "The company has recently made a new decision, and hereby officially announced that 'Facebook' will jointly establish a comprehensive strategic partnership with 'XlouS', an Internet technology company from China. At the same time, it officially announced that 'Facebook' has spent US$12 billion to obtain the exclusive authorization of 'Instant Online Translation' in the social field of the product 'XlouS', a subsidiary of Chinese Internet technology company 'XlouS'. This is the largest single transaction generated by the company so far!"
As soon as the spokesperson finished speaking, the reporters at the scene were in an uproar, the lights were flashing constantly, and there was a sudden rumbling of discussion at the scene.
This is definitely the explosive news in the technology circle today!
"The following is the time for reporters to ask questions!" The voice of the news leader sounded.
The reporters at the scene raised their hands, Zuckerberg pointed, selected one, the selected one, and immediately stood up, and said: "I am a special correspondent from the Wall Street Journal, Donny Parker. Mr. Zuckerberg, what kind of Internet company is your strategic partner, "XlouS",? It seems that there is no name for this company in the famous Internet companies in China. Facebook spent 12 billion US dollars to buy only the exclusive authorized "instant online translation" and what kind of product is it? Thank you!"
The camera on the scene hardly stopped. Zuckerberg on the stage listened to the reporter's questions, nodded, pondered for a moment, and smiled: "The nature of our partners' corporate nature is not very clear, but it should be an Internet technology company. This is a newly born startup company, and it is reasonable for you to not understand it. For the company spent 12 billion US dollars to obtain the exclusive authorization of "instant online translation", the company unanimously believes that this is worth it. This is a very excellent product. He was born for the Internet and for a social platform. The company believes that this product and our partners are of strategic significance to the company's development!"
After Zuckerberg finished speaking, he pointed to the second reporter.
Facebook's official press conference was spread to all over the world through the Internet in major media newspapers. There is no doubt that this news was like a deep water bomb being detonated in the water. The whole world, the Internet and Silicon Valley technology circles were no longer calm. The content of the news became the front page headlines of major media newspapers that day.
"Facebook spent 12 billion to buy the exclusive authorization of 'instant online translation', what is it?" - The Times
"Social giant 'Facebook' joins forces with Chinese Internet company 'XlouS', a new layout of 12 billion US dollars!" - The New York Times
"'Instant Online Translation', the new darling of the Internet, Zuckerberg once again proved his outstanding vision and strong courage. 'Facebook's dominance in the social field will be unshakable. This emerging company from China called 'XlouS' will become an investment darling!" - Wall Street Journal
Shortly after the press conference, Facebook's stock price rose 9.8% that day, with a market value of up to US$447.3 billion, close to Microsoft. Currently, among the top five listed companies in the world with market value, the first is Saudi Aramco from the Middle East, with a market value of up to a terrifying $2.4 trillion; the second is Apple (Apple), with a market value of up to US$642.7 billion; ranking
The third is Alphabet (Umbrella Company) after Google's reorganization, with a market value of up to US$581.2 billion; the fourth is Microsoft (Microsoft), with a market value of up to US$449.6 billion; the fifth is the social giant Facebook, with a market value of up to US$447.3 billion, with a market value of up to Microsoft (Microsoft), and the difference between the two is only a slight difference of 2.3 billion.
Analysts expressed optimism that Facebook's market value surpassed Microsoft on the same day.
Compared with Facebook's market value soaring to nearly $40 billion, the stock prices of other social network companies fell in response, which is no exaggeration to describe it as a plunge. Twitter plummeted 36% on the same day, and its market value fell below the $40 billion mark, evaporating more than $23 billion on the same day. Other social network companies were also terrible. Similarly, due to the influence of Google's social platform Google+, the stock price of its parent company Alphabet (umbrella company) was also affected by it, falling 3.1% on the same day.
Also affected by it is the domestic social giant tencent (Tencent), whose stock price fell 6.7% on the same day, and its market value was once close to falling below the $200 billion mark. According to the current trend, it is very likely to fall below the $200 billion mark.
When Zuckerberg learned that the company's market value had soared, he was already smiling. Although the 12 billion US dollars made him feel very painful, this effort obviously received a fruitful return, and this was just the beginning.
After Facebook's official press conference ended, XlouS became famous and became famous all over the world overnight. Similarly, the product "instant online translation" accompanied by its subsidiary also became popular around the world, and this product officially entered the global vision. And XlouS, an Internet technology company, has also begun to be discovered by people.
The powerful functions of the company's product "Instant Online Translation" are surprising. As Zuckerberg said at the press conference, this product was born for the Internet and for social platforms.
Market analysts from Wall Street said that XlouS, an Internet technology company from China, can reach US$36.5 billion with the initial valuation of this product alone, and he emphasized that its potential is very huge, which is US$1.5 billion higher than Ren Hong's valuation. Moreover, the analyst emphasized that according to the official news released by Facebook, XlouS's products can be quickly promoted to the world due to its strategic partners. Social users of platforms such as Facebook and its Instagram are the most promising consumer groups with instant online translation, and the number of these users combined is as high as a terrifying 2 billion. He believes that the reasonable valuation of this Chinese Internet technology company is US$130 billion.
According to market big data, there are currently 3.3 billion Internet users worldwide. For XlouS, this is an extremely exciting data. Almost every Internet user is a potential consumer object for instant online translation. Almost every Internet user has a reason to buy this product. Whether it is a social user or other, as long as you surf the Internet, as long as you are interested in foreign websites but are hindered from communication barriers, these people have reasons to install this application on their computers or smartphones and other electronic devices.
According to unreliable news, this Chinese company is developing a translation function between instant voice and text. I believe that after the launch of instant online translation version 2.0, it will undoubtedly be good news for some video users, and the valuation of this company will be further improved.
Wall Street analysts listed XlouS as a key investment project in A++.
As time goes by, it was finally discovered that everyone underestimated the potential of instant online translation, including Ren Hong, but this is a story later.
(To be continued...)
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Chapter completed!