The company was sold, and Paypal employees were actually very happy.
Because Su Yehao promised not to lay off employees within three years, unless the employees themselves violated the company's rules and regulations, and the welfare benefits would be in line with those of Yanwen Group.
Last year, many companies reduced the payment of year-end bonuses, and some even canceled the year-end bonuses. Yanwen Group continued to pay them as usual. If you ask around, you will know that it has a pretty good reputation in the human resources market.
And then there is.
With Paypal on your lap, your chances of surviving smoothly are greatly increased.
Old employees like them are also more likely to receive equity awards on the eve of the company's listing.
In the listing requirements of the Nasdaq Stock Exchange, there is a rigid requirement to have hundreds of shareholders, which often excludes outsiders and ultimately benefits the old employees of the company. Therefore, there are many examples of people who have become rich overnight.
yes.
Originally, Paypal employees had given up hope and just hoped that the company would not collapse and that they could make a living.
Who would have thought that they would be so lucky to be suddenly swallowed up by Kaoji, a giant in the field of instant messaging and social networking, which meant that they had done nothing. The company worked hard on its own and gave them collectively a good job with better pay and more security.
Especially the department responsible for promotion and operations is just like the Chinese New Year. In the future, the Kaomoji Group will be responsible for diverting traffic, so it will be much easier to complete the task. At the same time, there will also be help from brother units like Google, and the burden on their shoulders will suddenly be lightened.
Those programmers will only immerse themselves in development. The startup company cannot get financing and the growth data will not perform well. In the end, the promotion and operation department will be blamed. Now that there is a strong parent company to help, of course they are happy.
.....
Leaving the matter of drafting the contract to the legal department, Su Yehao briefly chatted with Paypal executives, and then came to Elon Musk's office.
People at different stages have completely different ideas.
Just like Su Yehao himself, when he bought some sandalwood worth twenty yuan each, he thought it was a luxury. Now he heard that Gulfstream Aerospace has launched a new private business jet, code-named G550, and he ordered three of them in advance last week.
Two new aircraft are reserved for his own use, and the other new aircraft and the current old Gulfstream V model are reserved for the office use of his senior executives. Su Yehao usually does not care about worldly affairs, and he still expects them to help him become bigger and stronger.
, when the time is right, it is time to provide more benefits to win over people’s hearts.
In many Fortune 500 companies, top executives also have the right to use private business jets, which can not only improve efficiency but also increase safety. Compared with the benefits these executives can bring, the price-performance ratio is extremely high.
Elon Musk is just an ordinary person. Thinking that more than 20 million US dollars is about to come into his account, he has already begun to think about where to buy a big house, so he asked Su Yehao:
"Will our company move in the future? I mean to move to the headquarters of Yaoji Group in Silicon Valley, or somewhere else. Housing prices in Silicon Valley have plummeted. I can change my house to be closer to the company."
Su Yehao nodded and told: "I will probably move to Menlo Patu. In my opinion, the housing prices are not at the lowest yet. Then I will consider buying some land and ready-made office buildings. Elon, what do you think about Paypal?"
Do you have any plans for development? I would like to hear your suggestions."
Hear the words.
Elon Musk was slightly stunned and asked in surprise: "Don't you already have an idea? Cooperate with Netflix, which you just acquired, and then sell and trade movie discs?"
"...Who said that? I don't have this idea at all. Users can rent at low prices, so why would they want to buy at high prices? The market is too small. Besides, companies like Amazon and eBay have developed very well. I
If you want to compete, you need to start from scratch, which is too troublesome."
If Su Yehao wanted to start an online shopping business in the United States, he could have started planning as early as two or three years ago.
But there is nothing wrong with Amazon's development ideas. His plan has always been to participate in equity investments and make money through financial management. The cost is likely to be lower than his own investment.
The market has been basically divided up. Entering now means that you need to face fierce competition. The cost of acquiring customers will remain high. It is still very difficult to find a new path. From all angles, there is really no need to enter the market in person.
Amazon's stock price has dropped from more than 30 billion US dollars to more than 6 billion US dollars left, and it continues to fall with huge losses. That's why it is said that it is better to invest in starting a company yourself, and at the same time, it can avoid countless troubles.
Hear the words.
Elon Musk immediately understood that he had gone wrong, and asked in confusion: "Then why did you acquire our company? Other shareholders and I have always believed that the best destination for this company is to be acquired by an online shopping company.
Only then can it take full advantage of it.”
Su Yehao replied: "As you said, the credit card industry in the United States is too complete, and it is particularly troublesome for Paypal to develop independently. My plan is to build it into a platform and cooperate with many online shopping platforms, even if it gives up part of the profits.
, at least capture the market first.”
"But this is not easy. Amazon is building its own payment system, and eBay is also trying to do this."
"But they don't interoperate, right? That creates problems for consumers. People need a product that's convenient enough to work across multiple platforms, and by the time I become one of Amazon's major shareholders, it won't be a problem to get Paypal on board."
."
"...What? Are you still going to invest in Amazon?"
Elon Musk is a little surprised.
Amazon is not a small company like Paypal. If it wants to become one of the major shareholders, it will require an investment of more than one billion US dollars.
For a moment, he even thought of buying some Amazon stocks in advance and waiting for good news in the future.
Su Yehao nodded indifferently and just said:
"Yes, Amazon is short of funds, isn't it? If I ask Paypal to participate in the payment system as one of the investment requirements, their board of directors has no reason to reject me.
The handling fees can bring us profits, and other small and medium-sized online shopping companies will not refuse our cooperation because they lack the strength to build a payment platform."
to be honest.
Paypal and Xinxinbao, the payment tool created by Su Yehao in the mainland, are basically the same.
However, credit cards are more developed here in the United States. People can pay directly with credit cards when making purchases. The promotion process is much more troublesome than Credit Bank.
Fortunately, every time you pay with a credit card, a certain handling fee will be charged. However, if you use the funds left in your Paypal account, the handling fee is slightly more cost-effective. It is equivalent to competing with the VISA Alliance and MasterCard International Organization that issue credit cards. This is
This is the reason why Paypal shareholders are worried that the company will be targeted.
When it comes to competing interests, there will definitely be conflicts.
Fortunately, there are also conflicts of interest among card issuers. Considering the interests of consumers, most of them dare not blatantly suppress Paypal, which "works for the benefit of consumers", lest it look too ugly, so Su Yehao is not too worried.
Listen to what he has to say.
Elon Musk understood and smiled and said:
"That's right, the things we can't achieve may be just trivial things in your eyes. Last year, in order to compete with eBay, Amazon allowed third-party retailers and sellers to use its e-commerce platform. Users are in a stage of rapid growth. If
Being able to carry out in-depth cooperation with Amazon and eBay, and promote through emojis and Google, I am confident that I can double the number of Paypal users within a year."
"...I look forward to Paypal developing according to its current plan. If necessary, you can contact John Zhou directly. He will arrange for you to conduct a comprehensive promotion in the near future. Remember to prepare in advance."
There are so many celebrities under Su Yehao that it is difficult to arouse much interest in meeting old acquaintances from previous lives.
Leaving other matters to John Zhou, he took Jiang Yu to meet with people from Goldman Sachs. It was said that a mysterious shareholder was willing to talk about selling Apple shares, but he temporarily hid his identity and was unwilling to close the transaction at the market price, so he offered 5%
premium requirements.
The mere 5% premium seems to indicate that the other party has no confidence and is not optimistic about the short-term trend of Apple's stock price...