"Shameless."
"This bastard just wants to take our money."
Dess's heart was filled with hatred.
Of course, he knew what Chen Yu was planning to do.
He did not want to put the video business on WeChat Moments because he did not want them to benefit from it.
If the video business was successful in the future, they would have to fork out money to invest.
When they thought of this, they hoped that Chen Yu's video business would fail.
This way, they would not be cheated by Chen Yu.
However, although they thought this way, they were also looking forward to it.
No matter what, although Chen Yu was a scammer, he was a genius.
If he really started the video business, it might become a global WeChat Moments.
"Damn, this is so contradictory."
Dess was very conflicted.
This kind of thinking of wanting them to do well in the video business, but also wanting their video business to be destroyed was really maddening.
In the end, he stopped thinking about it.
On the other hand, after acquiring youtobe, Google finally heaved a sigh of relief.
Although the price was high, it was worth it.
The potential that youtobe had shown was worth the premium.
At the same time, after Google acquired youtobe, they decided to focus on supporting youtobe.
Although youtobe was doing well in the past, they were doing it on their own.
However, with Google as their backing, they would have a huge traffic advantage.
Although Google was just a search engine, more than 99% of the websites in the world relied on search engines for 30% of their traffic. Youtobe was doing well in the past. However, if Google added weight to youtobe's search results, the answer would be … youtobe's traffic would skyrocket.
In fact, Google proved this point.
After they added weight to youtobe's search results, youtobe's daily IP visits increased from 6 million to 10 million. The average number of videos viewed per day also increased from 100 million to 180 million. The average upload rate increased from 65,000 to 100,000. At the same time, youtobe once again surpassed MSN in terms of market share and occupied 60% of the market share.
Finally, Google integrated their Google Video business into youtobe.
Yes.
Google had started a video website long before youtobe.
Unfortunately, they did not do well and were overtaken by youtobe.
It was precisely because they had worked on a video website that they knew the difficulties of working on a video website.
In the end, this was the reason why they were interested in YouTube.
If Google Video's market share was included …
In other words, Youtobe had jumped to nearly 70% of the market share.
It could be said that Google had inadvertently dominated the global video industry.
However, Google wasn't done yet.
After YouTube captured nearly 70% of the market share, Google began to announce financing for the brand new YouTube.
As soon as the news was released, it quickly attracted the attention of the world's top capitalists.
The price quoted by various investors for Youtobe had jumped from 4 billion USD to 7 billion USD.
In the end, Google reached a financing partnership with ten investors, and the final valuation was 7.3 billion USD.
Chen Yu was dumbfounded by his actions.
Damn it.
He thought that he had cheated Google.
Who would have thought that Google would be even more ruthless than him. With just a few backhanded manipulations, Google doubled the valuation.
Even Chen Yu felt ashamed of his inferiority when it came to making money like this.
As expected of a global search giant.
It wasn't just their search technology that allowed them to enter the search market in dozens of countries around the world.
This made Chen Yu pay more attention to Google.
Of course, 7.3 billion USD was too high a valuation.
With Youtobe's current size, it was impossible for it to reach 7.3 billion USD.
However, the Internet had never been evaluated like a physical manufacturing industry.
Since the birth of the Internet, there had been a series of bubbles.
Before 2000, Youtobe's bubble had multiple layers.
However, if the bubble hadn't burst, Youtobe would have continued to exist and could even expand again.
In addition, 7.3 billion USD was high, but it wasn't without reason.
Youtobe had 70% of the market share, and Google was the search engine.
Even if Youtobe had a slight premium, its future valuation would be far more than 7.3 billion USD.
Therefore, after Youtobe's valuation reached 7.3 billion USD, a series of global IT companies turned their attention to the video industry.
The world's number one portal, Yahoo, launched its latest video business.
Microsoft said that they would increase their investment in the video industry.
The US online portal also said that they would launch a video business in the near future.
In China.
Tudou quickly received its first round of funding, and it would greatly promote the development of its video business in China.
Moreover, Youku Video and Kuliu Net were born a year ahead of the historical timeline.
Sina followed suit and launched its video business.
It could be said that the entire Internet industry exploded because of Youtobe's huge valuation.
This was normal.
According to business logic, if a product suddenly sold at a high price, it would definitely lead to the development of the entire industry.
Back then, ICQ was sold at a sky-high price of 120 million USD. This also led to the development of the global instant messaging industry.
In fact, Youtobe's huge funding previously made the entire social networking site the focus of attention.
It was a pity that a group of Internet giants had entered the social networking site industry at that time.
However, it wasn't easy to set up a social networking site.
Youtobe quickly locked in with its user base through its connections. It was very difficult for other companies to enter.
However, compared to Youtobe's social networking site, it was undoubtedly easier to set up a video website.
After all, Youtobe wasn't as sticky as a social networking site.
If Youtobe strengthened in terms of video content, they could also set up a video business.
Even if it wasn't as good as Youtobe, they could still obtain a certain amount of market share.
In addition, some of the companies that entered the video business were portals themselves. They had the resources to support the video business. For example, Yahoo. Not only did they have a portal, but they also had a search engine. They had a lot of support for the video business. Under such circumstances, many investors were optimistic about Yahoo's entry into the video business.
In addition, MSN's video business was also worth looking forward to.
MSN was a globally popular instant messaging software. Although it was declining, its market share was still there. At the same time, it was backed by Microsoft. Its strength was not to be underestimated.
Of course, while these Internet giants were entering the video business, Huanyu Technologies wasn't idle either.
Previously, they had sent a two-man team consisting of Li Xuelin and Wang Xiaochuan to the United States. With Wang Chang's help, Huanyu's video business was successfully established in North America. Furthermore, they launched Huanyu Video Network as soon as possible.
However, there was a slight deviation from their previous strategy.
Chen Yu didn't expect the video business to become so popular after Google entered the video business.
That also made the early stages of Huanyu's video website not very smooth.
For example, poaching Internet celebrities.
Previously, Li Xuelin had prepared a sum of money to poach a series of Internet celebrities from Youtobe. However, the video business suddenly became popular. Huanyu Technologies wasn't the only one who wanted to poach Internet celebrities. Yahoo, Microsoft, AOL, and a series of other video website companies also wanted to poach Internet celebrities. In the end, Li Xuelin only managed to poach about ten Internet celebrities. It was far from what he had expected.
However, even though he failed at the beginning, the short video business launched in 15 seconds had achieved good results. Although it hadn't exploded into much influence yet, as long as the traffic increased, the short video business would become the most dazzling existence in the video industry.
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