The development speed of LinkedIn exceeded John Antioco's expectations, and he couldn't help but look at Red Hoffman in front of him. He felt that maybe in the end, LinkedIn would rather be more powerful than tempting tube and Twitter.

Listening to Red Hoffman's words, Chen Chu drank the tea in his hand. I'm afraid no one would have thought that LinkedIn would develop rapidly. When Twitter and Tube were still losing money, LinkedIn had already started to make a profit.

The investment industry has valued LinkedIn now, which has exceeded one billion US dollars. You should know that Chu Ke spent 230 million when he acquired 57% of LinkedIn's equity, but now the value of this equity has nearly doubled!

But this is nothing. You should know that Microsoft, which has always been a takeover warrior, spent $27 billion when it took over LinkedIn in his previous life. Now LinkedIn is just Xiaohe's point.

"Red, you have done what you wanted to do at the beginning. You are already the well-deserved king of connections in Silicon Valley. The fate of countless people has changed because of LinkedIn!" Chen Chu said to Red Hoffman with a smile.

Before acquiring LinkedIn, Chen Chu mentioned to Red Hoffman that he would support him to become the king of Silicon Valley's connections. Now it is still too early for Red Hoffman to be the real king of connections, but he has begun to master countless connections.

Chen Chu's words made Red Hoffman laugh. Red Hoffman established LinkedIn in fact, it was to prove himself. Now LinkedIn has begun to influence countless job seekers and major international companies.

John Antioco also looked at Red Hoffman with some envy. If nothing unexpected happens, the "King of Connections" will become Red Hoffman's name!

"Chen, Microsoft and other institutions are interested in investing in LinkedIn." Red Hoffman said to Chen Chu.

LinkedIn's rapid development has also attracted the attention of the outside world, especially Microsoft, which is determined to increase the Offie office software camp. However, I didn't expect that the previously inconspicuous LinkedIn would develop so rapidly in Chu Ke's hands.

It really interpreted a wave of situations that I ignored at the beginning but now I can’t stand it. Now Microsoft wants to take the opportunity to invest in LinkedIn.

However, Microsoft knows Chuko's style and never vomits anything that goes into his stomach. He knows that there is no chance to start from Chuko, so Microsoft wants to start from Red Hoffman and prepares to stew with a slow knife!

Chuko is the largest shareholder in LinkedIn, but Red Hoffman is the second largest individual shareholder in LinkedIn, holding more than 20%. Sequoia Investment has acquired 15% of LinkedIn's equity, and the other equity is in LinkedIn management.

Now Microsoft wants to move forward in a roundabout way, get the LinkedIn equity held by Red Hoffman and Sequoia Investment, and become LinkedIn's second largest shareholder, so that it can be confident to talk to Chuke about the acquisition.

This is not to say that Microsoft is ill-hearted and deliberately digs out Chu Ke's corner, but to know that normal means are useless, so she wants to use this means to create a certain fact, and Microsoft has already entered the game by then.

Now Microsoft and Chu Ke are working in full cooperation, but there is not no competition. Just like Chu Ke quietly wanted to launch a tablet computer and then took advantage of the situation to launch its own PC operating system, Microsoft was almost anxious at the time.

This time Microsoft's move to LinkedIn was just a small trick. As long as you don't encounter Chu Ke and Microsoft's bottom line, no matter how many small moves, it will not affect the comprehensive cooperation between the two sides. After all, in the technology industry, Chu Ke and Microsoft are both rivals in a large group of opponents, and both sides are disgusted with each other's reputation. Looking around, only the other party can become allies. If there is a fall in love again, both sides will start fighting alone.

But Microsoft probably didn't expect that Red Hoffman came to Yanjing and shook everything towards Chen Chu.

Chen Chu laughed, not caring about Microsoft's methods, and many more people have been digging for Chuko's corners. Like Google, Amazon, and Wall Street investment institutions and venture capital investors, they have used all kinds of means to get equity in Chuko's major industries. These methods are different. If they are all made into movies, they will probably be more exciting than Infernal Affairs!

Even Red Hoffman mentioned these to Chen Chu today, but he was not just showing loyalty. When Red Hoffman's status is basically all talented, how could he do such thankless things?

When I mentioned these to Chen Chu, I was actually telling Chen Chu that LinkedIn is not worse than Twitter, tube-induced things, and I also want Chu Ke to invest more resources in LinkedIn!

"I think the value of LinkedIn is not only one billion US dollars. In the future, the valuation of LinkedIn and Internet technology continue to develop, Chuke will continue to support LinkedIn. When one day, LinkedIn really becomes the world's social king, the Fortune 500 and million companies around the world will become LinkedIn partners. At that time, I thought that LinkedIn's valuation would reach 20 billion or even 30 billion US dollars, which is unknown!"

After Red Hoffmann hadn't reacted to this bowl of poisonous chicken soup, John Antioco couldn't help swallowing his saliva. You should know that Blockbuster's market value is only about the current level, and this is because of the continuous surge in stock prices.

Now Chen Chu gave LinkedIn's valuation, which is as high as 10 billion US dollars. Whether it is true or not, this is actually too amazing.

Red Hoffman didn't expect that Chen Chu would give LinkedIn such a high valuation of 20 billion or 30 billion US dollars. Don't look at Facebook now, with a valuation of up to 10 billion US dollars. But looking at the global Internet industry, how many people can reach 10 billion US dollars.

If LinkedIn's valuation can really reach the height of Chen Chu's words, then Red Hoffman will lose money now. The gap between the two is not several times, but hundreds of times.

After filling a bowl of poisonous chicken soup, Chen Chu also said to Red Hoffman, "Linking In should continue to accelerate its entry into the global market, cooperate with major companies around the world, establish talent think tanks around the world, and make LinkedIn a central think tank for global talents!"

Red Hoffman could hear that Chen Chu was really supporting LinkedIn, establishing a global talent think tank, and cooperating with major mainstream companies around the world, so LinkedIn will naturally become the center of global talents and online office platforms. If he wanted to become the king of contacts in the global workplace, it would probably be impossible.

"If you want to accelerate the market occupation, LinkedIn needs to make several acquisitions, and also need to add servers and establish more operational offices around the world!" Red Hoffman said that large-scale promotion costs money, and acquisitions are the most direct method. It is not easy for LinkedIn to make profits now, but it is unlikely to rely on LinkedIn to burn money by itself.

Hearing Red Hoffman's words, Chen Chu nodded and said directly, "Next year is an opportunity. LinkedIn can acquire other workplace social software. In the domestic market, the UV Alliance website will support LinkedIn. For funds, Renren Technology will reserve a fund for LinkedIn at this year's year-end meeting!"

The UV Alliance website is currently the largest urban life website and local second-hand product trading platform in China. With the support of the UV Alliance website, LinkedIn is basically a big addition to the wings of the tiger. With the support of the UV Alliance website, 58, Ganji, List and other websites, facing the impact brought by LinkedIn, how long it can last in the field of social workplaces is probably a problem.

Red Hoffman and John Antioco heard Chen Chu mention that next year was an opportunity. Both of them felt that Chen Chu seemed to have something to say, but Chen Chu had no intention of talking in depth, so it was hard for them to continue asking. You should know that there were Smith, Larry Songsini, and many other bigwigs outside. They were waiting to see Chen Chu, and they didn't dare to waste too much time.

"Chen, Blockbuster's revenue this year exceeded US$8.9 billion. Although it is not as good as Best Buy, Blockbuster has now become the second largest electronic retailer in North America. Although its revenue is not as good as Best Buy's $40 billion, Blockbuster's profit has reached 49% of Best Buy's!"

When talking about this, John Antioco couldn't help but show a hint of pride on his face. After the transformation, Blockbuster, now heading towards the electronic retailer's path, is now rushing towards the video tape business. Now, Blockbuster's business can only be regarded as a side job, selling electronic products such as mobile phones, MP3s, electronic readers, notebooks, etc. Blockbuster is selling it.

The new business also made Blockbuster, which was shaky before, now it is a headwind, and its stock price has soared continuously. Before Chuke acquired Blockbuster, Blockbuster's market value fell to the bottom, but now Blockbuster's market value has hit a record high. The strong cash flow makes Blockbuster now quite prominent among the old companies. Major fund institutions have begun to favor Blockbuster again because Blockbuster's current business is quite stable.

In addition to the soaring stock price, which is also the profit of John Antioco has reached half of Best Buy's revenue with less than one-third of Best Buy's revenue, which is enough to show how Blockbuster is now in its current situation.

"Now Best Buy has begun to compete with Blockbuster. Best Buy has signed agreements with several smartphone brands and wants these mobile phone brands to be exclusively sold in Best Buy retail stores!"

However, John Antioco was not at ease. When facing the media, Best Buy President Richard Schultz began to gradually bombard Blockbuster, believing that Blockbuster violated market competition. In fact, he saw Blockbuster constantly grabbing the North American electronic retail market. Best Buy finally couldn't sit still.

Best Buy probably didn't expect that it was not those offline electronic retailers in the past, nor were online retailers like Amazon, but Blockbuster's rental video tape. Best Buy also felt that he was pecked by an eagle, and was stolen by Blockbuster, a thick-eyed and big-eyed opponent who looked like no threat, and he stole the tower!
Chapter completed!