Rebirth: You call this an honest person?

Chapter 148

Generally, before IPO, a company must undergo shareholding reform. Through reform and reorganization of business, governance, structure, finance, etc.,

The entire process of changing the organizational form of an enterprise from several persons to a multi-person joint stock company,

Enterprises that adopt the method of public issuance of shares for financing must have the organizational form of a joint stock company. Therefore, the share reform is a preparatory work that must be carried out before going public. There is a limit on the number of shareholders for a company to change to a shareholding system, which cannot be less than 500 shareholders.
Therefore, many companies will cash in the equity incentives of employees when they go public for IPO, and distribute the equity to employees, because this is a necessary process to go public.
There are also companies that adjust their shareholding structure, changing the same share with the same rights to a two-tier structure of ab shares, and even a three-tier shareholding structure.

On the surface, Wang Heng gave 49% of the voting rights to Zach, and suspended Zack's plan to control Facebook through share reform.

Of course, this is also temporary. If there is no share reform after Facebook goes public, if these shareholders sell their stocks, the voting rights promised to Zach will be invalid.
Then capital can easily buy Facebook from the public stock market,
Wang Heng naturally understands this question. Originally, Wang Heng wanted to turn Facebook into a public company without actual controllers.

His original intention was the opposite of Zack's. As long as Zack doesn't move, he won't move. Once Zack wants to reform the shares,
Then Wang Heng will use his hole cards to overturn Zach's management rights and directly kick Zack out of Facebook's management.

He kept Lin Wenying in the beautiful country, the purpose of which was to monitor Zack's shareholding reform, and to win over minority shareholders.
Except for Zac, Lin Wenying, a few other shareholders, can win over any one of them at will, and Wang Heng can immediately control Facebook.

Because he was afraid that the extras would show his feet, after the financing was completed, Wang Heng refused Zach's celebration banquet.
When Zach took the Facebook crew to a nightclub party,
Wang Heng and Lin Wenying were paying the balance to the temporary workers. After sending the last person away, they didn't go to Facebook, but went back to the hotel to discuss matters.

Wang Heng was eager to raise funds for Facebook, and mortgaged his shares arbitrarily. His company in China was in turmoil, so he had to return to China as soon as possible.

Otherwise, if there is a problem with the domestic business, he can only learn counterfeit medicine and stay in the beautiful country, shouting every once in a while, I will return to the country tomorrow.

"Wenwen, the purpose of your staying in the beautiful country is to gain a firm foothold on Facebook, and once the time is ripe, you will seize Zach's management rights."

"Yeah." These nights, Wang Heng brainwashed Lin Wenying over and over again, and she was used to it.

"Facebook's profit model has the following types. You can write it down and bring it up to Zach when the time is right."

The equity of Facebook's employee equity pool is to reward employees who have made great contributions to the company.

Although Lin Wenying is stationed on Facebook on behalf of Wang Heng, she is also an official Facebook employee. Lin Wenying is on a work visa and has already suspended her studies in China.

The president of a general technology company, who has worked normally for several years, will get a part of the equity if there is no accident.

For example, Zhang, Yong of the pirate group, Feng Lei of the payment... and so on.

In addition, there is the powerful Ms. Tong, she only had 500 shares of the company before she became the vice chairman, and she bought it herself with her salary.

Then she worked as an executive for nearly 20 years, relying on bit by bit accumulation and equity rewards, Ms. Tong has equity worth nearly 70 billion,

Ms. Tong earns hundreds of millions and spends it casually, unlike that villain who can only sneak around, hide her head and show her tail to be a big boss in the dark,
His company was already a company of the Hundred Billion Group more than ten years ago, and then he controlled the company for more than ten years, and his control is not comparable to that of a worker like Miss Tong. He is the chairman of the actual control.

In the end, his worth was inferior to that of Miss Tong, not even one-tenth of it, and only less than 5 million. This is because the rich list is an insult to other people's IQ, or he treats everyone as fools.

Because Lin Wenying has the support of several shareholders, she joined Facebook as an executive like the chief financial officer.

In addition to the follow-up development decision of Facebook revealed by Wang Heng in advance, if it is done well, she can even get more equity rewards than Zack,
Wang Heng actually doesn't understand Facebook at all, and he never signed up for Facebook in his previous life, but he has read such novels and probably knows that Facebook is actually a combination of Weibo and WeChat.
"Facebook's biggest source of income is advertising revenue, which Zach is already doing, let's not mention it,

The second source of income is to collect app commissions. Websites advertise on Facebook and naturally leave download links. Facebook can then charge commissions based on the number of downloads by users. "

"The third item is the game share. In the future, a game section can be developed on Facebook. The developer puts the game on the Facebook game section for user entertainment, and Facebook collects the game recharge share."

Wang Heng didn't mention the WeChat mini-program, and WeChat will charge money for any app consumption that users enter through the mini-program.

It also didn’t mention the payment system, which can only be developed after the smartphone comes out.
Facebook first issued virtual currency transactions, and it was not until 2019 that it began to learn WeChat as a payment function.
Of course, these two functions will not be used until Lin Wenying becomes the president of Facebook.

In addition, Lin Wenying being the president of Facebook does not mean that Facebook is a foreign company.

Because Facebook has no real controllers, the president is only a senior worker, and she is also responsible to the board of directors with the highest power.
Then look at the directors of Facebook. The number of shareholders and the number of shares held by foreigners are greater than those in the beautiful country, which means that Facebook is a foreign company.

For example, Ari, after a few decades, the founder will be gone, and the ab equity structure will become invalid, and then the company will become a company without actual controllers, controlled by capital.
And most of the shares in his company are in the hands of foreigners, so he has become a foreign company,

The same is true of another Internet giant. The ab equity structure can only guarantee the power of contemporary founders.

These listed companies will basically enter companies that have no actual controller and are dominated by capital.

"Facebook's ultimate goal is to allow more than half of the world's people to register and use it. The market value target at the time of listing is 1500 billion U.S. dollars.
When you achieve this step, you will be the most famous woman in the world, and these will be left to our children in the end. Our children will be the richest man in the world and the richest second generation in the world. "

While Wang Heng flattered Lin Wenying, he was making cakes for her,

These days, Wang Heng is teasing Lin Wenying all the time, making sweet talk from time to time,

Then the two spent time in the beautiful country, and spent more time in the room,
If Lin Wenying wanted to stay in the beautiful country, she would definitely not be able to live in a hotel every day.
Although Wang Heng spent 75 billion to invest in Facebook, but the skinny camel is bigger than a horse, it is not a big problem for Lin Wenying to buy a villa near Facebook.
A small villa of more than 200 square meters, Wang Heng spent 100 million US dollars,
It happened to be the peak period of the beautiful country real estate at this time. After the financial crisis in 08, his villa in 09 was not even worth 50 US dollars.
Of course, Wang Heng is not a real estate speculator, so he doesn't care about the depreciation of the house.

Then I hired two female bodyguards for Lin Wenying. After all, Free America, fighting for every day is not a joke.
Citizens are given the greatest freedom, and criminals are naturally given the greatest freedom to commit crimes.

Before Wang Heng left the beautiful country, he had a detailed talk with Zach for the last time. Wang Heng said,

"Zack, your beautiful country is a powerful country, so Facebook should not be limited to the beautiful country, but go out."

"Oh, OK." Because Wang Heng brought a group of people to raise funds to save Facebook, Zach still respected Wang Heng,

"Having a fund of 10 billion US dollars is enough for you to expand, so I hope that the initial stage of Facebook should not be research and development, but expansion, rapid expansion, and accelerated expansion. All energy and funds will be used for expansion, and there is no need for further research and development. any technology."

"Yeah." Zach nodded in approval.

"Social network, the most important thing is two points, the first is sociality, and Facebook has satisfied this point, and then the user, when all the relatives and friends of a person and his entire circle of contacts are on Facebook, He can't leave Facebook, and you always have to remember that the simpler the tool, the more people use it."

"Yes." Zach also knows, so Facebook in the parallel world has not produced any advanced technology in 19 years, and finally learned how to make payment.

"When Facebook has 1 million users, how much do you need to charge for an advertisement? When Facebook has 10 billion users, how much will it charge? How much should Facebook be worth at that time, 100 billion or 1000 Billion? So I said that Facebook is a great invention, and our mission is to recommend this great invention to human beings all over the world, instead of continuing to bury our heads in research and development.”

"When we have 10 billion users, everything we do is right and correct. At that time, we will add some small inventions that can be used, and discard them when they are not needed.

You must know that we have such a big platform, and we can value them with their technology, so let Facebook spend a lot of money to develop new products conscientiously, it is better to violently develop users and become the world's largest user platform,

What is needed at that time, directly purchase ready-made mature products, which is equivalent to global programmers working for us. "

Wang Heng’s heresy made Zach nod his head repeatedly. Zach was not a gentleman in the first place. He even stole the idea of ​​Facebook. It's like meeting a bosom friend.

"Wang, I know all this. I want to know how to let people all over the world use our Facebook. Now many users are against our Facebook being open to everyone."

Zach asked distressedly. In September 06, the number of Facebook users had grown to about 9 million. Zach made a major decision, that is, to open it to everyone.

Originally, Zach wanted to attract more users so that it would be easier to sell to Yahoo, but Yahoo cut the price because of complaints from old users.
If Wang Heng hadn't inserted it halfway, Zach wouldn't know how to get through this difficult time!
Relying on Lin Wenying's inability to translate his vulgar language, Wang Heng cursed,
"Zach, are you sb? How many college students can there be? Now Facebook's 1000 million users are already 90% of college students in the United States.
If the restrictions are not relaxed, what can these 1000 million users do?
What's so scary about a few users complaining about opinions? Even half of them are only 500 million.

They clamored to log out, so let them log out. Anyway, their classmates, friends, and teachers are all on Facebook. If they want to log out, it’s okay. He needs everyone to accompany him to log out, otherwise he will still be in a few days You have to come back obediently. "

Wang Heng paused at this point and continued,

"So don't worry about the students' emotions now, you have to create an activity to divert their attention,
How about this, you set up a beauty pageant on Facebook, spend some money to advertise on the TV station, just for the Super Bowl, how much is the halftime advertisement 500 million or 1000 million?Don't be afraid to spend money, we are not short of money,
Tell the men all over America that welfare is coming, and tell the beauties all over America that their chance to get rich is here,

The voted No.1 rewards $500 million, No.2200 million, No.3100 million, No.450 million, No.540 million, No.630 million, No.720 million, No.810 million, we don’t care about them Solicit votes by any means, only look at the number of votes of registered users, one vote per user per day, we make the whole beautiful country restless. "

Facebook used to have a beauty pageant, but it was on campus, and there were no actual rewards. Although it played a big role in the early days of Facebook,
But compared to this kind of national beauty pageant with high prize money, it is definitely not at the same level. Now that Facebook is rich and powerful, it will not care at all if it spends 2000 million US dollars to attract new users.

In addition, if the national beauty pageant is released, the scale can be much larger, so bikinis and swimsuits can be publicly uploaded on Facebook,

As long as the activities are carried out, how many men and women in the beautiful country can register on Facebook,
Zach was very excited when he heard Wang Heng's words. He used this beauty pageant first. He didn't expect Wang Heng to think of it here. Now he wants to say that no one knows him better than Wang Heng.

Seeing Zach jumping up, Wang Heng was not as excited as him. This kind of suggestion was not worth mentioning to him. The next thing he said was the inhumanity.
"Zach, the beauty pageant in the United States is only in the early stage, and the five continents of Asia, Africa, North America, South America, and Europe will also hold Facebook beauty pageants,

The bonus is the same as that of the beautiful country, No. 1 is 500 million US dollars, and it starts to promote the world beauty pageant during the national beauty pageant,

Let’s start with the continent first, whichever continent first reaches 5000 million Facebook users, then start from that continent,
In the end, a total of 5 contestants from the top three from the five continents will compete against Miss World, and only the top three will be determined. The No.15 champion Miss World will receive a bonus of US$1 million, the runner-up will receive US$5000 million, and the third runner-up will receive US$2000 million.

So in the next two years, as long as we do a good job in the beauty pageant, any other social software can only follow us and eat farts. "

Wang Heng's operation, other social software can't afford to learn it even if they want to, it costs at least 5 million US dollars!

We must know that in 06, 99% of the large multinational companies did not have a capital reserve of 5 million US dollars, not to mention the new social network.

(End of this chapter)