America's Road to Fame

Chapter 218 Meta Technology
If it's just Nuance's business, it's enough for Nielsen to handle it.

William Chen came to Silicon Valley this time, and there were more important things. After talking about the countermeasures against Nuance, William Chen personally met the target of coming to Silicon Valley this time.

"Mr. Pichai, I think Nelson has talked with you in detail, but I still think it is necessary to meet with you in person. I wonder what you think?"

In a coffee shop, William Chen said to the middle-aged man in front of him wearing black-rimmed glasses and having obvious Indian features.

"I admit that I am very moved by your invitation, but I still have a question. Can Mr. William answer me?"

The other party's smile was contagious, and he asked seriously:
"Why me? After all, until now, I have been working behind the scenes as a product development director, and I have never led such a company independently."

The Indian sitting in front of William Chen at this time is the future CEO of Google—Sundar Pichai, known as "Brother Pichai" and the highest paid CEO in the world at that time.

Faced with this problem, William Chen naturally couldn't say it, because you have proved your ability time and time again at Google, and you will lead Google well in the future.

He smiled and said:

"The reason is your current job. I have used Chrome, especially Chrome OS, which is a genius idea. After this, I noticed you, and saw the products of Google Desktop Services that I was responsible for before, and they were all very good. "

"Yes, Twitter is developing well now, but I am still very dissatisfied with this product. They have never had the idea of ​​allowing users to complete operations more concisely for the interface and functions of the APP, just because this product appeared early enough, and There is no more competitive product on the same track, so we can get the current results by chance, but we can't go on so lucky, so I need you to use the talents shown in Google's products to help me Changing Twitter to make its product perfect."

Next, Chen William talked to Sundar about his vision for the future of Twitter, and his hope to integrate these Internet companies in his hands more deeply, so as to form a joint force and change the current situation where they are relatively independent and fighting on their own. .

In fact, in his previous life, Sundar Pichai almost quit Twitter. At that time, he was also more interested in Twitter, but Google thought that Sundar was very important to Google, so he used up to 5000 million US dollars in benefits. Retaining him prevented him from being recruited by Twitter.

But now, William Chen has succeeded. After he guaranteed Sundar's rights after becoming the CEO of Twitter, and provided a generous salary package, he finally agreed to William Chen's invitation and will go to Twitter to report in the near future. .

After getting Sundar Pichai, Chen William can start to rectify the Twitter company. This time he hopes to change, not just the Twitter company, as he told Sundar, after he finishes this After a round of acquisitions, I now hope to integrate the Internet companies in my hands, and I don't want to continue the current situation of being relatively independent and fighting independently.

It's just that he was particularly dissatisfied with Twitter. After losing the Huaguo market, they were not too active in Chen William's proposal to strengthen the content review mechanism and adapt to the implementation of regulations in different countries and regions.Chen William can feel that the current CEO Williams still has a deep sense of value superiority, and he does not hope that in the future, his company will still become the vanguard of ideology in the United States, even if it has to be maintained by the government. A certain amount of cooperation is required, but it must not be at the forefront.

Therefore, William Chen first had a private conversation with Williams, told him that he was going to replace the CEO of Twitter, and gave him two choices, resign decently, or be fired.

Then William Chen communicated with Twitter shareholders other than himself, telling him that he was going to acquire Twitter shares in their hands. They had two options. When William Chen acquired Twitter, the valuation was 2 million US dollars , He will buy their shares in Twitter at a valuation of $6 million; or they will exchange their shares in Twitter for shares in Meta Technologies, the parent company of Twitter, which he is about to establish.

In the end, Williams and Dorsey, who were not optimistic about William Chen's approach to Twitter's management, sold their shares. Only CTO Dick Costello, who holds 2% of Twitter's shares, chose to exchange his shares. Become a stake in Meta Technology.

At present, William Chen holds 85% of the shares of Twitter. Of the remaining 15%, Williams holds 10% and Dorsey holds 3%. The two left Twitter with $6000 million and $1800 million respectively. company.

Among the Internet companies currently controlled by William Chen, another management company holds shares in Siri Company. In Siri Company, William Chen also holds 85% of the shares, and the three founders hold 15% of the shares.

William Chen was quite satisfied with the management of these three people, so he talked with them about merging Siri into Meta Technology. At that time, when Siri was acquired, William Chen finally valued the company at US$2.67 million. Now he will give Siri a valuation of US$7.5 million. They also have two options: sell their shares at this valuation, or merge into Meta Technology at this valuation and hold shares in the parent company.

In the end, the three Siri founders unanimously chose the latter, and will hold shares in the parent company at Siri's valuation of US$7.5 million at this time.

Next, William Chen decided to merge Twitter, HOLA Technology, Siri and Reddit into the newly established Meta Technology Company.

Among them, Twitter is valued at US$6 million, HOLA Technology is valued at US$5 million, Siri is valued at US$7.5 million, and Reddit is valued at US$1.5 million. These four companies are valued at US$20 billion in total.

Meta Technology issued 1 billion original shares for 1 dollar per share to distribute to the shareholders of the merged company. CTO Dick Costello, who holds 20% of Twitter’s shares, will exchange 2 million shares of Meta Technology. Siri The three founders of the company hold 1200 million shares of Meta Technology, and Meta Investment Company holds 11250 billion shares of Meta Technology.

After that, Meta Investment Company purchased 10 billion additional original shares of Meta Technology for 10 billion US dollars, which is equivalent to injecting 10 billion US dollars into Meta Technology for subsequent development funds.

In this way, Meta Investment Company owns 28.755 billion shares of Meta Technology, accounting for 95.85% of the total share capital.

After Sundar Pichai joined Twitter and became the new CEO, William Chen took out the Meta Technology shares held by Meta Investment Company, of which 7550 million shares were put into the first phase of the share incentive pool, which will be used for Meta Technology The managers of various companies under the company will carry out share incentives.

According to their achievements in company management, they will receive corresponding share incentives to maintain their enthusiasm for the company's development.

After this share change, the biggest significance is to turn Twitter, HOLA Technology, Siri, and Reddit into wholly-owned subsidiaries of Meta Technology, and change the original management’s shareholding of separate companies to Their shareholding in Meta Technologies aligns their interests with the development of the overall parent company.

Prior to this, the interests of these managements were only linked to individual companies, which made it easy for them to pay more attention to the interests of the companies they hold shares in the management of the company.

In this way, when it is necessary to sacrifice the short-term interests of a certain company to allow other companies to achieve greater development, the company's shareholding management may resist.

In fact, this situation often occurs, and with the development of these companies, the conflict of interest will be very prominent, just like Twitter and HOLA, both have social attributes, and Reddit and Twitter will inevitably have conflicts in media attributes .

But now, all of their holdings have become shares of Meta Technology, so when this happens, they will be more active in promoting the overall development of the parent company.

In doing so, it is also easier for talents to flow among the various companies of Meta Technology, allowing them to make achievements in their suitable fields.

After the establishment of Meta Technology Company, the company's headquarters will be established in Silicon Valley, and it is going to choose a suitable building to rent as a whole and relocate its subsidiaries.

At the same time, before there is no suitable CEO candidate, William Chen temporarily serves as the chairman and CEO of Meta Technology, and his financial advisor Sheila Rice serves as the company's chief financial officer (CFO).

The next thing that needs to be done is to find a land near Silicon Valley and start building the new headquarters of Meta Technology, in addition to structuring the staff of Meta Technology's headquarters.

Now is also a very good time. In terms of personnel, due to the impact of the subprime mortgage crisis, the unemployment rate in Silicon Valley has increased significantly, which will make it easier for Meta Technology to recruit personnel, and Silicon Valley’s current investment in William Chen, especially those involved Investment in infrastructure is very welcome, and the local government departments are also willing to grant land at a low price for them to build the headquarters building.

Chen William is going to transfer Erica from Meta Investment Company, and temporarily serve as Chen William's deputy, responsible for the specific work of Meta Technology Company.

For so long, many affairs of the Meta investment company have actually been handled by Erica, who then submits important decisions to William Chen. Therefore, with her current ability, she is fully capable of undertaking these administrative affairs.

The current Meta Technology does not need an overly innovative person in charge for the time being. The main thing is to integrate these companies under its umbrella, be responsible for communicating with them, and help them develop better. In these aspects, Erica is still competent. of.

　The monthly ticket has reached 500, and a new chapter will be added today.

　　
　
(End of this chapter)