Chapter 263： Acquired PayPal
Buying Palu Island is definitely not possible in the name of Meta Group. It is a very sensitive matter for such a group company to purchase a country, especially when Meta Group's main business is in the United States.
Therefore, William Chen directly set up an overseas offshore account, lent out an amount of 1 billion US dollars from the future bank, and mortgaged the Meta Future Building he personally held for 2 billion US dollars, and put the total of 3 billion US dollars. The funds were transferred to the offshore account, and in the London foreign exchange market, they began to use leverage to short the euro.
After arranging these, William Chen took Ivanta to Silicon Valley.
After returning to the United States, Ivanta mainly controlled the Huaguo joint venture company by telephone, but fortunately there are no new projects now, mainly to complete the previous projects.
What she is most concerned about now is the acquisition of the main building of the third phase of China World Trade Center. Before Ivanta returned to Huaguo, she had already negotiated the price with the other party.
The total cost of the main building of China World Trade Center Phase III is around $800 million, and Troop-Chen Business Management will buy the skyscraper for $1 billion.
After that, the main building of China World Trade Center Phase III will be renamed Trump-Chen Tianchao Building. At the same time, Yanjing also approved a piece of land for them to build a new building.
At present, in addition to handling some company affairs in the morning and evening, Ivanta spends most of her time preparing for the wedding of the two.
For the wedding of William Chen and Ivanta, the top wedding planning company in the United States was invited, but out of emphasis, Ivanta will still participate in the full name and give opinions on every detail and process.
Just like this time she came to Silicon Valley with William Chen, she was still accompanied by a wedding planning team, who constantly confirmed every detail with her.
More importantly, with the increase in the public appearances of William Chen and Ivanta during this period, the scandal about the two has become hot again, but unlike the previous ambiguous answers to the relationship between the two, Chen Both William and Ivanta generously acknowledged the inquiries, which also surprised the reporters and the melon eaters, and their news almost became the most popular news in the United States.
It's just that the wedding of the two is still being kept secret. According to the plan, their wedding will not be held in public, but will choose an island, only invite relatives and friends to participate, and will not be open to the public.
So although news leaked and reporters reported it, William Chen and Ivanta seemed to be preparing for the wedding. But most people still say it's impossible. After all, William Chen is too young now. He is less than 22 years old. He is married at this age, and he is still such a well-known rich man, completely beyond the imagination of ordinary people.
This time, when he came to Silicon Valley, William Chen mainly dealt with the acquisition of PayPal. But before that, he went to Twitter first, and had a conversation with the company's CEO Sundar Pichai.
After two months in office, Sundar Pichai performed very well. Under his transformation, the Twitter APP has been more appreciated by users, and the growth rate of users has increased significantly.
Therefore, after talking with him, William Chen appointed Sundar Pichai as the CEO of Meta Technology, responsible for integrating the company's businesses, especially the Mini Program platform, which is very important for Meta Technology's future strategy. step.
And until Twitter finds a suitable new CEO, Sundar Pichai still serves as CEO of Twitter, which is too much.
In the end, eBay agreed to sell PayPal for $9.5 billion. This is also due to the fact that the Meta Group made a cash purchase this time, otherwise they would still stick to the price, because eBay is currently short of cash, and Amazon is now more and more advantageous for them. More obviously, eBay has also designated a series of acquisitions to expand its share in the e-commerce field.
At the same time, the payment agreement between PayPal and eBay will continue until the end of next year. During this time, PayPal is still the only payment method for eBay, but after this time, eBay's agreement expires, so the best result of PayPal is Keeping yourself as one of eBay's payment methods is unlikely to continue to have an exclusivity advantage.
However, this does not mean that PayPal's market share will be reduced, because with the acquisition of Meta Group, PayPal will become the payment method for all software under Meta Group, and William Chen plans to integrate PayPal into it and start to try Mobile scan code payment.
Of course, these all need to wait for the QR code project of the Meta R&D Center to have a complete solution.
After the Meta Group acquired PayPal, the Zong and Venmo projects they previously acquired will be merged into PayPa1, which will add personnel to PayPal's mobile payment project on the basis of Zong's original team; Venmo will also serve as a sub-brand of PayPal, focusing on P2P transactions.
After having PayPal, William Chen's Meta technology finally made up for this shortcoming of payment. However, PayPal's current investment in the field of mobile payment is still insufficient. After that, PayPal's main task is to stabilize the current web-side payment while doing its best. Expand the scope of the mobile payment field.
This is not difficult. There are more and more start-up companies entering the mobile payment field. Just like what PayPal did in the previous life, for innovative companies, just acquire them directly.
Integrating PayPal still needs to be studied, but now PayPal can be applied immediately, that is, Zoom shopping, adding PayPal payment method, users can jump to PayPal when paying.
Also, subscriptions to the American Headlines app will do the same.
Then after the integration is complete, these will even have PayPal as the only mobile payment method.
Relying on the companies under Meta Technology, with so much traffic being imported, PayPal can only develop better than its previous life.
After the acquisition of PayPal by Meta Technology, the impact on the Silicon Valley of the United States is very large.
Now the well-known Internet technology giant in Silicon Valley, after Yahoo, Google and Facebook, has added another Meta technology.
Especially for Meta Technology, the growth rate of users is very rapid, and it has already overtaken Facebook, which has also caused Facebook's fear. It is reported that Facebook has begun to develop its own social chat software and is ready to compete with market.
More importantly, William Chen, the owner of Meta Technology, is different from the founders of these other Internet giants. He is like Yang Zhiyuan, Larry Page and Zuckerberg. He is not an Internet genius, nor is he a member of these Internet companies. founder.
William Chen was originally a well-known rich second generation in the United States, and his early reputation was not good. He built Meta Technologies through his own investment income, acquisitions of companies.
Therefore, William Chen's image is not a tech madman, but an investor.
What's more interesting is that these development processes of his are more dramatic than those of genius entrepreneurship, which are typical of recovering after getting lost.
This also makes Meta Technology unique among the Internet technology giants.
It is not without the super-rich acquisition of Internet technology companies trying to become a new Internet giant, but without exception, most of them failed.
It's like Murdoch's acquisition of MySpace, a social network that was on par with Facebook for nearly $600 million at the time, but eventually sold for a few thousand dollars.
As for the companies acquired by William Chen's Meta Technology, it seems that the development momentum is good, the number of users is growing steadily, and they are also among the best in their respective segments.
No matter what others think, some are optimistic about his future development, and some are not optimistic about Meta Technology's integration of these companies, but William Chen's popularity has surpassed the founders of these technology giants and has become the latest wealth-making idol in the United States. .
In a recent questionnaire survey by People magazine, the popularity of young rich groups among teenagers, William Chen became the most admired rich man by young people with a high vote.
Of course, these are irrelevant things to Chen William. After completing the acquisition of PayPal, he handed over the follow-up to Sundar Pichai, the new CEO of Meta Technology. He, along with Ivanta, went to Rick's engagement ceremony first.
Therefore, William Chen directly set up an overseas offshore account, lent out an amount of 1 billion US dollars from the future bank, and mortgaged the Meta Future Building he personally held for 2 billion US dollars, and put the total of 3 billion US dollars. The funds were transferred to the offshore account, and in the London foreign exchange market, they began to use leverage to short the euro.
After arranging these, William Chen took Ivanta to Silicon Valley.
After returning to the United States, Ivanta mainly controlled the Huaguo joint venture company by telephone, but fortunately there are no new projects now, mainly to complete the previous projects.
What she is most concerned about now is the acquisition of the main building of the third phase of China World Trade Center. Before Ivanta returned to Huaguo, she had already negotiated the price with the other party.
The total cost of the main building of China World Trade Center Phase III is around $800 million, and Troop-Chen Business Management will buy the skyscraper for $1 billion.
After that, the main building of China World Trade Center Phase III will be renamed Trump-Chen Tianchao Building. At the same time, Yanjing also approved a piece of land for them to build a new building.
At present, in addition to handling some company affairs in the morning and evening, Ivanta spends most of her time preparing for the wedding of the two.
For the wedding of William Chen and Ivanta, the top wedding planning company in the United States was invited, but out of emphasis, Ivanta will still participate in the full name and give opinions on every detail and process.
Just like this time she came to Silicon Valley with William Chen, she was still accompanied by a wedding planning team, who constantly confirmed every detail with her.
More importantly, with the increase in the public appearances of William Chen and Ivanta during this period, the scandal about the two has become hot again, but unlike the previous ambiguous answers to the relationship between the two, Chen Both William and Ivanta generously acknowledged the inquiries, which also surprised the reporters and the melon eaters, and their news almost became the most popular news in the United States.
It's just that the wedding of the two is still being kept secret. According to the plan, their wedding will not be held in public, but will choose an island, only invite relatives and friends to participate, and will not be open to the public.
So although news leaked and reporters reported it, William Chen and Ivanta seemed to be preparing for the wedding. But most people still say it's impossible. After all, William Chen is too young now. He is less than 22 years old. He is married at this age, and he is still such a well-known rich man, completely beyond the imagination of ordinary people.
This time, when he came to Silicon Valley, William Chen mainly dealt with the acquisition of PayPal. But before that, he went to Twitter first, and had a conversation with the company's CEO Sundar Pichai.
After two months in office, Sundar Pichai performed very well. Under his transformation, the Twitter APP has been more appreciated by users, and the growth rate of users has increased significantly.
Therefore, after talking with him, William Chen appointed Sundar Pichai as the CEO of Meta Technology, responsible for integrating the company's businesses, especially the Mini Program platform, which is very important for Meta Technology's future strategy. step.
And until Twitter finds a suitable new CEO, Sundar Pichai still serves as CEO of Twitter, which is too much.
In the end, eBay agreed to sell PayPal for $9.5 billion. This is also due to the fact that the Meta Group made a cash purchase this time, otherwise they would still stick to the price, because eBay is currently short of cash, and Amazon is now more and more advantageous for them. More obviously, eBay has also designated a series of acquisitions to expand its share in the e-commerce field.
At the same time, the payment agreement between PayPal and eBay will continue until the end of next year. During this time, PayPal is still the only payment method for eBay, but after this time, eBay's agreement expires, so the best result of PayPal is Keeping yourself as one of eBay's payment methods is unlikely to continue to have an exclusivity advantage.
However, this does not mean that PayPal's market share will be reduced, because with the acquisition of Meta Group, PayPal will become the payment method for all software under Meta Group, and William Chen plans to integrate PayPal into it and start to try Mobile scan code payment.
Of course, these all need to wait for the QR code project of the Meta R&D Center to have a complete solution.
After the Meta Group acquired PayPal, the Zong and Venmo projects they previously acquired will be merged into PayPa1, which will add personnel to PayPal's mobile payment project on the basis of Zong's original team; Venmo will also serve as a sub-brand of PayPal, focusing on P2P transactions.
After having PayPal, William Chen's Meta technology finally made up for this shortcoming of payment. However, PayPal's current investment in the field of mobile payment is still insufficient. After that, PayPal's main task is to stabilize the current web-side payment while doing its best. Expand the scope of the mobile payment field.
This is not difficult. There are more and more start-up companies entering the mobile payment field. Just like what PayPal did in the previous life, for innovative companies, just acquire them directly.
Integrating PayPal still needs to be studied, but now PayPal can be applied immediately, that is, Zoom shopping, adding PayPal payment method, users can jump to PayPal when paying.
Also, subscriptions to the American Headlines app will do the same.
Then after the integration is complete, these will even have PayPal as the only mobile payment method.
Relying on the companies under Meta Technology, with so much traffic being imported, PayPal can only develop better than its previous life.
After the acquisition of PayPal by Meta Technology, the impact on the Silicon Valley of the United States is very large.
Now the well-known Internet technology giant in Silicon Valley, after Yahoo, Google and Facebook, has added another Meta technology.
Especially for Meta Technology, the growth rate of users is very rapid, and it has already overtaken Facebook, which has also caused Facebook's fear. It is reported that Facebook has begun to develop its own social chat software and is ready to compete with market.
More importantly, William Chen, the owner of Meta Technology, is different from the founders of these other Internet giants. He is like Yang Zhiyuan, Larry Page and Zuckerberg. He is not an Internet genius, nor is he a member of these Internet companies. founder.
William Chen was originally a well-known rich second generation in the United States, and his early reputation was not good. He built Meta Technologies through his own investment income, acquisitions of companies.
Therefore, William Chen's image is not a tech madman, but an investor.
What's more interesting is that these development processes of his are more dramatic than those of genius entrepreneurship, which are typical of recovering after getting lost.
This also makes Meta Technology unique among the Internet technology giants.
It is not without the super-rich acquisition of Internet technology companies trying to become a new Internet giant, but without exception, most of them failed.
It's like Murdoch's acquisition of MySpace, a social network that was on par with Facebook for nearly $600 million at the time, but eventually sold for a few thousand dollars.
As for the companies acquired by William Chen's Meta Technology, it seems that the development momentum is good, the number of users is growing steadily, and they are also among the best in their respective segments.
No matter what others think, some are optimistic about his future development, and some are not optimistic about Meta Technology's integration of these companies, but William Chen's popularity has surpassed the founders of these technology giants and has become the latest wealth-making idol in the United States. .
In a recent questionnaire survey by People magazine, the popularity of young rich groups among teenagers, William Chen became the most admired rich man by young people with a high vote.
Of course, these are irrelevant things to Chen William. After completing the acquisition of PayPal, he handed over the follow-up to Sundar Pichai, the new CEO of Meta Technology. He, along with Ivanta, went to Rick's engagement ceremony first.
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