We won't follow. This made Chen Yu feel very comfortable.
He knew.
It wasn't that Yahoo couldn't afford 500 million USD. It was that Yang Zhiyuan didn't have the courage to do so.
After all, Weibo wasn't Yahoo's main business. Their main business was web portals.
If it was web portals, they might be able to follow.
However, in other businesses, they could only withdraw their strategy and compete with Huanyu Technology with a defensive stance.
But Yahoo was no longer the Yahoo of the past.
In the search engine business, Yahoo lagged behind Google.
In the video business, Yahoo lagged behind Huanyu Video.
In the web portal business, Yahoo was gradually being overtaken by AOL.
In the email business, Yahoo was currently the number one business, and it was an extremely advantageous one.
But the email business was already a sunset business. It didn't have much strategic value anymore.
And then there was the other business.
In the instant messaging business, Yahoo was completely edging out.
In the e-commerce business, Yahoo was in a mess.
In the gaming business, Yahoo rarely got involved.
In fact, Yahoo's business was getting less and less valuable.
In the future, if nothing unexpected happened.
Even Yahoo's web portal business might not be worth much.
This was also why Yahoo sold itself for billions of USD in the future.
One had to know that Yahoo's market value was close to 200 billion USD in the past.
It was fate.
Many people in the future analyzed why Yahoo failed.
He used to be so powerful.
He could have become the father of Google and the son of Microsoft, but he was sold like a grandson and became the abandoned son of the Internet.
Some people said that Yahoo didn't know its place.
Others said that Yahoo didn't seize the opportunity in the mobile Internet era.
Others said that it was because of Yahoo's organizational problems.
If they really wanted to say it, no one could say it clearly.
Even Yahoo's founder, Yang Zhiyuan, couldn't say for sure.
Perhaps this was a philosophical problem.
However, Chen Yu wouldn't think about it.
But if Chen Yu didn't think about it, other people would.
"Boss Yang, Director Filo submitted a request for an interim board meeting."
"What's the purpose of a board meeting?"
"Director Filo didn't say."
"Then reject it."
"But Boss Yang, according to the rules, Filo's stake is more than 10%. We have no right to reject it."
"This guy."
Yang Zhiyuan had a headache.
Even though Filo was a board member of Yahoo, he had always been bossing the company around.
But there was nothing he could do about the fact that Filo represented the majority of the company's shares.
Since there was no way to refuse, Yang Zhiyuan could only agree.
The next day, Yahoo held an interim board meeting.
Yang Zhiyuan was the founder, CEO, and chairman of Yahoo.
He sat at the head of the table.
Yang Zhiyuan looked at Filo and asked, "Director Filo, may I know why you've called for this board meeting?"
"I feel that there are some problems with Yahoo's recent operations, and I want to discuss it with everyone."
"I've always been in charge of Yahoo's operations. Chairman Filo, is there anything you'd like to advise me on?"
"I wouldn't dare to advise you, but there are indeed a few problems that need to be solved."
"Then tell me."
Yang Zhiyuan didn't give Filo any face. He wanted to know what Filo wanted to do.
"I think Yahoo hasn't done much since we acquired Facebook. We spent too much money on Facebook, and Facebook doesn't have many profitable points. They don't have much interaction with our portal business."
As soon as Filo said this, Yang Zhiyuan harrumphed. "Filo, do you know anything about the internet? Facebook is a social networking site, and social networking sites are naturally connected to the internet. Just look at Huanyu's WeChat. Their WeChat alone is worth hundreds of billions of US dollars. "
"But that's just WeChat. Facebook obviously can't compare to WeChat."
"Even though it can't compare, social networking is a big trend in the future. We need to do something about it."
"But the amount of money we're spending is too much."
"There's nothing that doesn't cost money. The internet is a competition of money."
Yang Zhiyuan was infuriated at the thought of this.
This made him think back to his conversation with Chen Yu.
Hadn't Chen Yu been threatening him with money?
If it weren't for the fact that Filo and the others had been lying to him, there was no way he wouldn't have followed suit.
Filo didn't bother arguing with Yang Zhiyuan. Instead, he continued, "Second, Yahoo's main business is portals and mailboxes. I think we should focus on portals and mailboxes. But for some time now, Yahoo has been doing almost everything. We need to focus on search engines, social networking, and e-commerce … … Even though this seems feasible, it's actually hindering our main business. Right now, AOL's IP traffic is on the verge of overtaking ours. If AOL really does overtake us, that would be a disaster. "
"Filo, you're making a lot of sense. That means you're going to become Yahoo's CEO."
Yang Zhiyuan chuckled coldly.
He couldn't even be bothered to argue with Filo about the second point.
If Yahoo only focused on portals and mailboxes, that would be the end of it.
The internet business was so big. If Yahoo didn't do anything about it, it would have no place in the internet world.
In fact, the fact that Huanyu's group had gone public had greatly irritated Yang Zhiyuan.
They were clearly the world's number one internet company, but why was their market value so much lower than Huanyu's group?
They were clearly the role model of the world's internet companies, but their WeChat, Huanyu's group, and Weibo had all knocked them down.
It was precisely because of this that he wanted to enter this business.
"Of course I don't have the ability."
Filo shook his head.
"If you don't have the ability, then let's end the meeting."
Yang Zhiyuan didn't want to say anything else to Filo.
He was the founder of Yahoo, the chairman of Yahoo, and the CEO.
What Yahoo wanted to do, how it wanted to do it, and how long it would take to do it was his business. It had nothing to do with anyone else.
However, Yang Zhiyuan's heart skipped a beat when he heard Filo's next sentence.
"Boss Yang, the meeting has only just begun."
"What is it?"
"Boss Yang, just as you said, I don't have the ability to become Yahoo's CEO, but I think we can hire a new CEO."
"Hire a new CEO?"
Yang Zhiyuan stared at Filo.
He naturally knew what Filo was trying to say.
Even though he was the founder of Yahoo, the chairman of Yahoo, and the CEO.
But that wasn't the most important thing.
Who had the final say in the company? It wasn't the founder, the chairman, or the CEO who had the final say.
It was the shareholders who had the final say.
Whichever shareholder or group of shareholders had the highest percentage of shares in the company had the final say.
Once a shareholder's percentage of shares reached a certain point, they could remove the chairman of the board and hire a new CEO.
If Yang Zhiyuan had a large percentage of shares in Yahoo, he wouldn't have to worry about removing the chairman of the board.
But if his percentage of shares was low, then he would be in danger at any moment.
Previously, Yahoo had been doing well, and Yang Zhiyuan had been fine.
But if Yahoo's growth was mediocre, then Yang Zhiyuan's position as chairman and CEO would become problematic.
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