{"id":18995,"date":"2022-08-03T23:56:00","date_gmt":"2022-08-03T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=18995"},"modified":"2024-09-22T10:34:17","modified_gmt":"2024-09-22T02:34:17","slug":"%e6%8e%a8%e7%89%b9%e4%bd%b5%e8%b3%bc%e6%a1%88%e6%98%af%e7%8f%be%e4%bb%a3%e7%89%88%e7%9a%84%e3%80%8a%e9%96%80%e5%8f%a3%e7%9a%84%e9%87%8e%e8%a0%bb%e4%ba%ba%e3%80%8b","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/03\/%e6%8e%a8%e7%89%b9%e4%bd%b5%e8%b3%bc%e6%a1%88%e6%98%af%e7%8f%be%e4%bb%a3%e7%89%88%e7%9a%84%e3%80%8a%e9%96%80%e5%8f%a3%e7%9a%84%e9%87%8e%e8%a0%bb%e4%ba%ba%e3%80%8b\/","title":{"rendered":"\u63a8\u7279\uff08Twitter\uff0cX\uff09\u4f75\u8cfc\u6848\u662f\u73fe\u4ee3\u7248\u7684\u300a\u9580\u53e3\u7684\u91ce\u883b\u4eba\u300b"},"content":{"rendered":"\n<p>\u9996\u5148\uff0c\u5982\u679c\u60a8\u6c92\u770b\u904e\u300a\u9580\u53e3\u7684\u91ce\u883b\u4eba\uff08<a href=\"https:\/\/www.amazon.com\/Barbarians-Gate-Fall-RJR-Nabisco-ebook\/dp\/B000FC10QG\" target=\"_blank\" rel=\"noreferrer noopener\">Barbarians at the Gate<\/a>\uff09\u300b\u9019\u672c\u88ab\u8b7d\u70ba\u53f2\u4e0a\u6700\u7d93\u5178\u7684\u83ef\u723e\u8857\u4f75\u8cfc\u548c\u5546\u6230\u76f8\u95dc\u66f8\u7c4d\u6216\u96fb\u5f71\u7684\u670b\u53cb\uff0c\u8d95\u7dca\u627e\u6642\u9593\u770b\u4e00\u4e0b\u3002\u540c\u6642\u76ee\u524d\u5e02\u9762\u4e0a\u4e5f\u53ef\u4ee5\u627e\u5230\u4e00\u672c\u95dc\u65bc\u63a8\u7279\u516c\u53f8\u7684\u5275\u7acb\u6545\u4e8b\u2500\u2500\u2500\u2500\u63a8\u7279\u5171\u540c\u5275\u8fa6\u4eba\u7562\u8332\uff0e\u53f2\u6771 \uff08Biz Stone\uff09\u6240\u5beb\u7684\u300a\u760b\u72c2\u6539\u8b8a\u4e16\u754c\uff1a\u6211\u5c31\u662f\u9019\u6a23\u5275\u7acbTwitter\u7684! \uff08<a href=\"https:\/\/www.amazon.com\/Things-Little-Bird-Told-Co-Founder\/dp\/1455528722\" target=\"_blank\" rel=\"noreferrer noopener\">Things a Little Bird Told Me<\/a>\uff09\u300b\u3002<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u986f\u793a\/\u96b1\u85cf\u5167\u5bb9\u76ee\u9304\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/03\/%e6%8e%a8%e7%89%b9%e4%bd%b5%e8%b3%bc%e6%a1%88%e6%98%af%e7%8f%be%e4%bb%a3%e7%89%88%e7%9a%84%e3%80%8a%e9%96%80%e5%8f%a3%e7%9a%84%e9%87%8e%e8%a0%bb%e4%ba%ba%e3%80%8b\/#%E4%BA%A4%E6%98%93%E7%B4%B0%E7%AF%80\" >\u4ea4\u6613\u7d30\u7bc0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/03\/%e6%8e%a8%e7%89%b9%e4%bd%b5%e8%b3%bc%e6%a1%88%e6%98%af%e7%8f%be%e4%bb%a3%e7%89%88%e7%9a%84%e3%80%8a%e9%96%80%e5%8f%a3%e7%9a%84%e9%87%8e%e8%a0%bb%e4%ba%ba%e3%80%8b\/#%E7%82%BA%E4%BD%95%E6%8E%A8%E7%89%B9%E8%AE%93%E9%A6%AC%E6%96%AF%E5%85%8B%E6%9C%89%E6%A9%9F%E5%8F%AF%E8%B6%81%EF%BC%9F\" >\u70ba\u4f55\u63a8\u7279\u8b93\u99ac\u65af\u514b\u6709\u6a5f\u53ef\u8d81\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/03\/%e6%8e%a8%e7%89%b9%e4%bd%b5%e8%b3%bc%e6%a1%88%e6%98%af%e7%8f%be%e4%bb%a3%e7%89%88%e7%9a%84%e3%80%8a%e9%96%80%e5%8f%a3%e7%9a%84%e9%87%8e%e8%a0%bb%e4%ba%ba%e3%80%8b\/#%E6%8E%A8%E7%89%B9%E9%95%B7%E4%B9%85%E4%BB%A5%E4%BE%86%E6%9C%AA%E8%A7%A3%E7%9A%84%E5%95%8F%E9%A1%8C\" >\u63a8\u7279\u9577\u4e45\u4ee5\u4f86\u672a\u89e3\u7684\u554f\u984c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/03\/%e6%8e%a8%e7%89%b9%e4%bd%b5%e8%b3%bc%e6%a1%88%e6%98%af%e7%8f%be%e4%bb%a3%e7%89%88%e7%9a%84%e3%80%8a%e9%96%80%e5%8f%a3%e7%9a%84%e9%87%8e%e8%a0%bb%e4%ba%ba%e3%80%8b\/#%E9%A6%AC%E6%96%AF%E5%85%8B%E7%9A%84%E6%8E%A8%E7%89%B9%E4%BA%94%E5%B9%B4%E8%A8%88%E5%8A%83\" >\u99ac\u65af\u514b\u7684\u63a8\u7279\u4e94\u5e74\u8a08\u5283<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/03\/%e6%8e%a8%e7%89%b9%e4%bd%b5%e8%b3%bc%e6%a1%88%e6%98%af%e7%8f%be%e4%bb%a3%e7%89%88%e7%9a%84%e3%80%8a%e9%96%80%e5%8f%a3%e7%9a%84%e9%87%8e%e8%a0%bb%e4%ba%ba%e3%80%8b\/#%E9%A6%AC%E6%96%AF%E5%85%8B%E7%82%BA%E4%BD%95%E9%9D%9E%E6%94%B6%E8%B3%BC%E6%8E%A8%E7%89%B9%E4%B8%8D%E5%8F%AF\" >\u99ac\u65af\u514b\u70ba\u4f55\u975e\u6536\u8cfc\u63a8\u7279\u4e0d\u53ef?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/03\/%e6%8e%a8%e7%89%b9%e4%bd%b5%e8%b3%bc%e6%a1%88%e6%98%af%e7%8f%be%e4%bb%a3%e7%89%88%e7%9a%84%e3%80%8a%e9%96%80%e5%8f%a3%e7%9a%84%e9%87%8e%e8%a0%bb%e4%ba%ba%e3%80%8b\/#%E6%AD%A4%E4%BA%8B%E5%BC%95%E7%99%BC%E7%9A%84%E9%80%A3%E9%8E%96%E6%95%88%E6%87%89\" >\u6b64\u4e8b\u5f15\u767c\u7684\u9023\u9396\u6548\u61c9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/03\/%e6%8e%a8%e7%89%b9%e4%bd%b5%e8%b3%bc%e6%a1%88%e6%98%af%e7%8f%be%e4%bb%a3%e7%89%88%e7%9a%84%e3%80%8a%e9%96%80%e5%8f%a3%e7%9a%84%e9%87%8e%e8%a0%bb%e4%ba%ba%e3%80%8b\/#%E5%8F%8D%E5%B0%8D%E6%94%B6%E8%B3%BC%E7%9A%84%E8%81%B2%E9%9F%B3\" >\u53cd\u5c0d\u6536\u8cfc\u7684\u8072\u97f3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/03\/%e6%8e%a8%e7%89%b9%e4%bd%b5%e8%b3%bc%e6%a1%88%e6%98%af%e7%8f%be%e4%bb%a3%e7%89%88%e7%9a%84%e3%80%8a%e9%96%80%e5%8f%a3%e7%9a%84%e9%87%8e%e8%a0%bb%e4%ba%ba%e3%80%8b\/#%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\" >\u76f8\u95dc\u6587\u7ae0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BA%A4%E6%98%93%E7%B4%B0%E7%AF%80\"><\/span>\u4ea4\u6613\u7d30\u7bc0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u63a8\u7279\u65bc4\u670825\u2f47\u540c\u610f\u2fba\u65af\u514b\u4ee5\u6bcf\u80a154.2\u7f8e\u5143\u7684\u50f9\u683c\uff0c\u7d04\u5408440\u5104\u7f8e\u5143\u5168\u73fe\u2fa6\u6536\u8cfc\uff0c\u57282022\u5e7410\u2f4924\u2f47\u524d\u5b8c\u6210\u6b64\u4ea4\u6613\uff0c\u7136\u5f8c\u5b8c\u6210\u79c1\u6709\u5316\u5f9e\u7f8e\u80a1\u4e0b\u5e02\u3002\u5728\u5a92\u9ad4\u63ed\u9732\u9019\u9805\u6536\u8cfc\u524d\uff0c\u2fba\u65af\u514b\u5c31\u66fe\u5728\u63a8\u7279\u4e0a\u653e\u8a71\uff0c\u77e2\u8a00\u8981\u6253\u9020\u4e00\u500b\u5c6c\u65bc\u81ea\u5df1\u7684\u793e\u4ea4\u7db2\u8def\u5e73\u53f0\uff08\u5176\u5be6\u4ed6\u653e\u98a8\u8072\u6642\uff0c\u6b64\u6642\u6b63\u5728\u80a1\u5e02\u9ed8\u9ed8\u5730\u5927\u8209\u6536\u8cfc\u63a8\u7279\u80a1\u4efd\uff0c\u53ea\u662f\u5c1a\u672a\u516c\u958b\u5411SEC\u7533\u5831\uff0c\u5916\u4eba\u7121\u5f9e\u5f97\u77e5\u4ed6\u65e9\u6709\u5099\u800c\u4f86\uff09\u3002\u5728\u4ed6\u62ab\u9732\u2f83\u2f30\u7684\u6301\u80a1\u5f8c\uff0c\u5728\u77ed\u671f\u5167\u63a8\u7279\u80a1\u50f9\u4e00\u8def\u4e0a\u6f32\u4e86\u2f24\u7d0430%\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%82%BA%E4%BD%95%E6%8E%A8%E7%89%B9%E8%AE%93%E9%A6%AC%E6%96%AF%E5%85%8B%E6%9C%89%E6%A9%9F%E5%8F%AF%E8%B6%81%EF%BC%9F\"><\/span><strong>\u70ba\u4f55\u63a8\u7279\u8b93\u99ac\u65af\u514b\u6709\u6a5f\u53ef\u8d81\uff1f<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u63a8\u7279\u53ef\u4e0d\u662f\u5fae\u8edf\u548c\u860b\u679c\u7b49\u5b58\u5728\u56db\u4e94\u5341\u5e74\u7684\u8001\u724c\u7684\u79d1\u6280\u516c\u53f8\uff0c\u5b83\u662f\u6bd4Meta\u53caAlphabeta\u9084\u665a\u51fa\u73fe\u7684\u65b0\u4e16\u4ee3\u79d1\u6280\u516c\u53f8\u3002\u8207\u5927\u591a\u6578\u79d1\u6280\u516c\u53f8\u63a1\u7528\u96d9\u5c64\u80a1\u6b0a\u7d50\u69cb\u7684\u516c\u53f8\u4e0d\u540c\uff0c\u63a8\u7279\u4e26\u6c92\u6709\u5982\u6b64\u8a2d\u8a08\u3002\u9019\u4f7f\u5f97\u63a8\u7279\u7684\u5e7e\u4f4d\u5171\u540c\u5275\u8fa6\u4eba\u52a0\u7e3d\u7684\u80a1\u4efd\uff0c\u4e00\u76f4\u4ee5\u4f86\u90fd\u7121\u6cd5\u63a7\u5236\u516c\u53f8\u7684\u6295\u7968\u6b0a\uff0c\u9019\u4e5f\u662f\u9020\u6210\u63a8\u7279\u516c\u53f8\u6b77\u53f2\u4e0a\u7d93\u6b77\u904e\u5e7e\u6b21\u91cd\u5927\u7684\u52d5\u76ea\u7684\u6839\u672c\u56e0\u7d20\uff1b\u5176\u4e2d\u8f03\u8457\u540d\u7684\u5c31\u6709\u6578\u6b21\u9ad8\u5c64\u7ba1\u7406\u5711\u968a\u7684\u4e0d\u65b7\u66f4\u63db\u3001\u5916\u90e8\u7a4d\u6975\u578b\u80a1\u6771\u7684\u6311\u6230\u3001\u4ee5\u53ca\u9019\u6b21\u8b93\u99ac\u65af\u514b\u6709\u6a5f\u53ef\u8d81\u7684\u6536\u8cfc\u6848\u3002<\/p>\n\n\n\n<p>\u6211\u500b\u4eba\u7684\u770b\u6cd5\u662f\uff1a\u63a8\u7279\u7684\u5e7e\u4f4d\u5171\u540c\u5275\u8fa6\u4eba\u90fd\u5177\u6709\u4e00\u5b9a\u7684\u7406\u60f3\u4e3b\u7fa9\uff0c\u548c\u61f7\u6709\u79d1\u6280\u754c\u5c11\u6709\u7684\u6d6a\u6f2b\u4e3b\u7fa9\u7684\u8272\u5f69\uff0c\u4ed6\u5011\u5f88\u5c11\u4ee5\u5546\u696d\u89c0\u9ede\u505a\u70ba\u6240\u6709\u91cd\u5927\u6c7a\u7b56\u7684\u8003\u91cf\u6216\u51fa\u767c\u9ede\u30022014\u5e74\u6642\u5169\u4f4d\u4e3b\u8981\u7684\u5171\u540c\u5275\u8fa6\u4eba\u52a0\u4e0a\u7576\u6642\u7684\u57f7\u884c\u9577\uff0c\u7e3d\u5171\u53ea\u670914.8%\u7684\u516c\u53f8\u80a1\u4efd\u800c\u5df2\u3002\u525b\u5378\u4efb\u57f7\u884c\u9577\u7684\u591a\u897f\u76ee\u524d\u4e5f\u53ea\u67092.4%\u7684\u80a1\u4efd\uff0c\u800c\u4e14\u4e4b\u524d\u4ed6\u56de\u4efb\u57f7\u884c\u9577\u70ba\u4e86\u63d0\u632f\u516c\u53f8\u58eb\u6c23\uff0c\u9084\u81ea\u9858\u628a\u81ea\u5df1\u7684\u80a1\u4efd\u6350\u51fa\u4f86\u7d66\u54e1\u5de5\uff0c\u9019\u4e5f\u662f\u4ed6\u7684\u80a1\u4efd\u75314%\u7e2e\u6c34\u81f32.4%\u7684\u5176\u4e2d\u4e00\u500b\u539f\u56e0\u3002<\/p>\n\n\n\n<p>2014\u5e74\u6642\u5169\u4f4d\u4e3b\u8981\u7684\u5171\u540c\u5275\u8fa6\u4eba\u52a0\u4e0a\u7576\u6642\u7684\u57f7\u884c\u9577\uff0c\u624d\u4f54\u6574\u500b\u516c\u53f814.8%\u7684\u80a1\u4efd\u3002\u525b\u5378\u4efb\u57f7\u884c\u9577\u7684\u5275\u8fa6\u4eba\u591a\u897f\u76ee\u524d\u4e5f\u53ea\u52692.4%\u3002\u6211\u4e4b\u524d\u5beb\u4e86\u5169\u7bc7\u95dc\u65bc\u591a\u897f\u7684\u6587\u7ae0\uff0c\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/07\/06\/%E6%AF%94%E7%89%B9%E5%B9%A3%E7%9A%84%E7%8B%82%E7%86%B1%E6%94%AF%E6%8C%81%E8%80%85%E5%82%91%E5%85%8B%EF%BC%8E%E5%A4%9A%E8%A5%BF\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6bd4\u7279\u5e63\u7684\u72c2\u71b1\u652f\u6301\u8005\u5091\u514b\uff0e\u591a\u897f<\/a>\u300b\u548c\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/22\/%e5%82%91%e5%85%8b%ef%bc%8e%e5%a4%9a%e8%a5%bf%ef%bc%88jack-dorsey%ef%bc%89\/\">\u5091\u514b\uff0e\u591a\u897f\uff08Jack Dorsey\uff09\u7c21\u4ecb\uff0c\u4f4e\u8abf\u7684\u77fd\u8c37\u9818\u8896<\/a>\u300b<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8E%A8%E7%89%B9%E9%95%B7%E4%B9%85%E4%BB%A5%E4%BE%86%E6%9C%AA%E8%A7%A3%E7%9A%84%E5%95%8F%E9%A1%8C\"><\/span><strong>\u63a8\u7279\u9577\u4e45\u4ee5\u4f86\u672a\u89e3\u7684\u554f\u984c<\/strong><strong><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u63a8\u7279\u7684\u554f\u984c\u5728\u6240\u8cfa\u7684\u9322\u548c\u63a8\u7279\u7684\u5f71\u97ff\u529b\u6839\u672c\u4e0d\u6210\u6bd4\u4f8b\uff0c\u516c\u53f8\u7684\u8b8a\u73fe\u80fd\u529b\u4e00\u76f4\u53d7\u5230\u5404\u65b9\u7684\u8cea\u7591\u3002\u9019\u500b\u4e8b\u60c5\u57282020\u5e74\u6642\u5c31\u88ab\u6301\u80a14%\u7684\u827e\u7565\u7279\u79c1\u52df\u57fa\u91d1\uff08Elliott Management\uff09\u9019\u5bb6\u865f\u7a31\u83ef\u723e\u8857\u6700\u6fc0\u9032\u7684\u6295\u8cc7\u4eba\u642c\u4e0a\u904e\u53f0\u9762\uff0c\u8981\u6c42\u64a4\u63db\u57f7\u884c\u9577\uff0c\u63d0\u5347\u516c\u53f8\u7684\u6f5b\u5728\u50f9\u503c\uff0c\u7d50\u679c\u5f8c\u4f86\u4ee5\u63d0\u540d\u827e\u7565\u7279\u9032\u516c\u53f8\u8463\u4e8b\u6703\uff0c\u4e26\u9032\u884c\u4e8c\u5341\u5104\u7f8e\u91d1\u7684\u5eab\u85cf\u80a1\u8a08\u5283\u800c\u66ab\u6642\u5283\u4e0b\u53e5\u9ede\u3002\u4eca\u5e74\u4e8c\u6708\u516c\u53f8\u53c8\u5ba3\u4f48\u53e6\u5916\u65b0\u589e\u4e86\u56db\u5341\u5104\u7f8e\u91d1\u7684\u5eab\u85cf\u80a1\u8a08\u5283\u3002<\/p>\n\n\n\n<p>Meta\u5bb6\u65cf\u7684\u5404\u9805\u7522\u54c1\uff0c\u76f8\u8f03\u4f86\u8aaa\uff0c\u662f\u75c5\u6bd2\u5f0f\u7684\u793e\u7fa4\u5e73\u53f0\uff0c\u5546\u696d\u6a21\u5f0f\u548c\u7522\u54c1\u7684\u767c\u5c55\u5e7e\u4e4e\u662f\u751f\u547d\u5171\u540c\u9ad4\uff0c\u5169\u8005\u4e00\u8def\u6210\u9577\uff1b\u4e5f\u5c31\u662f\u8aaa\uff0cMeta\u5bb6\u65cf\u7684\u5404\u9805\u7522\u54c1\u7684\u8a2d\u8a08\u662f\u4ee5\u5546\u696d\u8b8a\u73fe\u70ba\u51fa\u767c\u9ede\u800c\u9032\u884c\u7684\uff0c\u8b8a\u73fe\u8f03\u70ba\u5bb9\u6613\uff0c\u4f46\u662f\u63a8\u7279\u5f9e\u81f3\u59cb\u81f3\u7d42\uff0c\u4e00\u76f4\u90fd\u662f\u4e00\u500b\u6709\u4f7f\u547d\u611f\u7684\u793e\u7fa4\u5e73\u53f0\uff0c\u516c\u53f8\u7684\u5e7e\u4f4d\u5171\u540c\u5275\u8fa6\u4eba\u7684\u5171\u540c\u76ee\u6a19\u5c31\u662f\u767c\u5c55\u4e00\u500b\u6709\u5f71\u97ff\u529b\uff0c\u4e0d\u8207\u73fe\u5be6\u6216\u5546\u696d\u59a5\u5354\u7684\u5e73\u53f0\uff0c\u9019\u4e5f\u9020\u5c31\u4e86\u63a8\u7279\u548cMeta\u5bb6\u65cf\u9805\u7522\u54c1\u7684\u6839\u672c\u4e0d\u540c\uff0c\u4f7f\u5f97\u63a8\u7279\u6210\u70ba\u7c21\u6f54\uff08\u5b83\u73fe\u5728\u767c\u6587\u5b57\u6578\u9084\u662f\u6709\u9650\u5236\uff09\uff0c\u5de5\u7a0b\u6548\u7387\u5316\u512a\u5148\uff1b\u7576\u7136\u7d50\u679c\u5c31\u662f\u4f7f\u5f97\u5e73\u53f0\u8b8a\u73fe\u7684\u53ef\u80fd\u6027\u6108\u4f86\u6108\u56f0\u96e3\u3002<\/p>\n\n\n\n<p>\u5fae\u4fe1\u76ee\u524d\u6709\u8d85\u904e12\u51046200\u842c\u7684\u4f7f\u7528\u8005\uff0c\u548c\u4e2d\u570b\u4eba\u65e5\u5e38\u751f\u6d3b\u6df1\u5ea6\u5730\u7d81\u5728\u4e00\u8d77\uff0c\u800c\u4e14\u7d93\u904e\u5341\u591a\u5e74\u7684\u767c\u5c55\uff0c\u76ee\u524d\u5fae\u4fe1\u7684\u751f\u614b\u5708\u53c8\u5927\u53c8\u5f37\u5065\uff0c\u5f71\u97ff\u529b\u6df1\u5165\u4e2d\u570b\u7db2\u8def\u4e16\u754c\u7684\u5404\u500b\u968e\u5c64\u3002\u5f88\u96e3\u5728\u77ed\u6642\u9593\u5167\u5c31\u6709\u66ff\u4ee3\u7684\u7522\u54c1\u51fa\u73fe\uff0c\u56e0\u6b64\u4e2d\u77ed\u671f\u5167\uff0c\u9084\u4e0d\u81f3\u65bc\u767c\u751f\u5982\u5fae\u535a\u548c\u63a8\u7279\u4e00\u6a23\u7684\u554f\u984c\u3002<\/p>\n\n\n\n<p>\u63a8\u7279\u7684\u7528\u6236\u6578\u91cf\u5df2\u7d93\u843d\u5f8c\u4e86\uff0c\u8a72\u5e73\u53f0\u73fe\u5728\u7684\u7528\u6236\u91cf\u70ba2.29\u5104\uff0c\u800cInstagram\u7684\u7528\u6236\u91cf\u662f20\u5104\uff0c\u5f8c\u4f86\u8005TikTok\u5728\u53bb\u5e749\u6708\u5ba3\u5e03\u5168\u7403\u6d3b\u8e8d\u7528\u6236\u7a81\u783410\u5104\uff0c\u82e5\u8a08\u5165\u4e2d\u570b\u7684\u6296\u97f3\uff0c\u982d\u689d\uff0c\u897f\u74dc\u8996\u983b\u7b49\u6240\u6709\u7522\u54c1\u5247\u670919\u5104\uff0c\u8272\u62c9\u5e03\u7684\u7528\u6236\u91cf\u4e5f\u67096\u5104\uff0c\u8207\u5b83\u5011\u5c0d\u6bd4\uff0c\u4f7f\u7528\u8005\u898f\u6a21\u5dee\u8ddd\u5f88\u5927\u3002<\/p>\n\n\n\n<p>\u88681\u5c31\u662f\u63a8\u7279\u548c\u4e3b\u8981\u7af6\u722d\u8005\u7684\u5404\u9805\u95dc\u9375\u6578\u64da\u7684\u6bd4\u8f03\u3002\u63a8\u72792021\u5e74\u7684\u71df\u6536\u70ba50.8\u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957737%\uff0c\u6de8\u8667\u640d2.21\u5104\u7f8e\u5143\uff0c\u6838\u5fc3\u696d\u52d9\u5ee3\u544a\u9ede\u64ca\u7387\u6b63\u5728\u4e0b\u6ed1\uff0c\u539f\u56e0\u5728\u65bc\u96e3\u4ee5\u5438\u5f15\u7528\u6236\u9ede\u64ca\u5ee3\u544a\u3002\u5728\u7522\u54c1\u6a21\u5f0f\u4e0a\uff0c\u63a8\u7279\u7684\u4e3b\u8981\u7684\u512a\u52e2\u662f\u6587\u5b57\u578b\u793e\u4ea4\u5a92\u9ad4\u3002\u6587\u5b57\u5728\u73fe\u4ee3\u8b1b\u7a76\u8072\u5149\u6548\u679c\u548c\u8c50\u5bcc\u5167\u5bb9\u7684\u793e\u6703\u660e\u986f\u8655\u65bc\u52a3\u52e2\uff0c\u4e0d\u50c5\u4e0d\u5982Meta\u7684\u81c9\u66f8\u7684\u8c50\u5bcc\u3001\u5716\u6587\u9818\u57df\u7684\u9818\u5c0e\u5546Instagram\u3001\u7167\u7247\u5206\u4eab\u7684\u8272\u62c9\u5e03\u3001\u77ed\u8996\u983b\u9818\u57df\u7684\u7af6\u722d\u5c0d\u624b\u6709TikTok\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\u516c\u53f8\u540d\u7a31<\/td><td>\u7f8e\u80a1\u4ee3\u78bc<\/td><td>\u5e02\u503c(\u7f8e\u91d1\u5341\u5104)<\/td><td>\u80a1\u50f9<\/td><td>\u672c\u76ca\u6bd4<\/td><td>\u6708\u6d3b\u8e8d\u7528\u6236(\u5104\u4eba)<\/td><td>\u6bcf\u500b\u7528\u6236\u5e73\u5747\u6536\u5165<\/td><\/tr><tr><td>\u63a8\u7279<\/td><td>TWTR<\/td><td>30.689<\/td><td>40.16<\/td><td>143.43<\/td><td>2.29<\/td><td>24.83<\/td><\/tr><tr><td>Meta<\/td><td>META<\/td><td>516.312<\/td><td>190.78<\/td><td>14.44<\/td><td>36.4<\/td><td>40.96<\/td><\/tr><tr><td>\u8272\u62c9\u5e03<\/td><td>SNAP<\/td><td>23.71<\/td><td>14.49<\/td><td>0<\/td><td>6<\/td><td>13.64<\/td><\/tr><tr><td>TikTok<\/td><td>\u672a\u4e0a\u5e02<\/td><td>\u672a\u4e0a\u5e02<\/td><td>\u672a\u4e0a\u5e02<\/td><td>\u672a\u4e0a\u5e02<\/td><td>10<\/td><td>30.526<\/td><\/tr><tr><td>\u5fae\u535a<\/td><td>WB<\/td><td>5.311<\/td><td>22.45<\/td><td>16.88<\/td><td>5.73<\/td><td>3.944<\/td><\/tr><tr><td>\u5fae\u4fe1<\/td><td>TCEHY<\/td><td>442.055<\/td><td>45.99<\/td><td>14.83<\/td><td>12.62<\/td><td>34.66<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u88681\uff1a\u63a8\u7279\u548c\u7af6\u722d\u8005\u7684\u5404\u9805\u95dc\u9375\u6578\u64da\u7684\u6bd4\u8f03\uff08\u8cc7\u6599\u4f86\u6e90\uff1a\u5404\u5bb6\u516c\u53f8\u8ca1\u5831\u3001\u96c5\u864e\u8ca1\u7d93\u3001\u4f5c\u8005\uff09<\/p>\n\n\n\n<p>\u76f8\u540c\u7684\u60c5\u5f62\u4e5f\u767c\u751f\u5728\u7531\u65b0\u6d6a\u5728\u4e2d\u570b\u8907\u88fd\u63a8\u7279\u7684\u5fae\u535a\u4e0a\u3002\u5169\u8005\u7684\u5b9a\u4f4d\u90fd\u662f\u70ba\u660e\u661f\u3001\u540d\u4eba\u3001\u7db2\u7d05\u3001\u4f01\u696d\u3001\u7d44\u7e54\u9032\u884c\u9ad8\u5ea6\u7684\u5ba2\u88fd\u5316\u3002\u63a8\u7279\u548c\u5fae\u535a\u91cd\u8996\u7684\u662f\u9019\u4e9b\u610f\u898b\u9818\u8896\u53ef\u4ee5\u5438\u5f15\u591a\u5c11\u8072\u91cf\uff0c\u5f71\u97ff\u5230\u591a\u5c11\u4eba\uff0c\u662f\u4e00\u7a2e\u7531\u4e0a\u5230\u4e0b\u4e00\u5c0d\u591a\uff0c\u91cd\u8996\u610f\u898b\u9818\u8896\u7684\u5e73\u53f0\u3002\u4f46Meta\u6216\u5176\u5b83\u793e\u4ea4\u7db2\u8def\uff0c\u5247\u662f\u591a\u5c0d\u591a\uff0c\u75c5\u6bd2\u5f0f\u7684\u793e\u7fa4\u5e73\u53f0\u3002\u5fae\u535a\u53ea\u5728\u83ef\u4eba\u5708\u4f7f\u7528\uff0c\u4f7f\u8b8a\u73fe\u66f4\u5f62\u56f0\u96e3\uff0c\u7576\u4f7f\u7528\u4eba\u6578\u7121\u6cd5\u518d\u589e\u52a0\u5f8c\uff0c\u6703\u4f7f\u71df\u904b\u589e\u9577\u66f4\u52a0\u56f0\u96e3\uff08\u8acb\u6ce8\u610f\u88681\u88e1\u9762\u5fae\u535a\u7684ARPU\u503c\u7279\u5225\u4f4e\uff09\u3002\u9023\u5e36\u5730\u4f7f\u7576\u521d\u6bcd\u4ee5\u5b50\u8cb4\u7684\u5fae\u535a\u7684\u6bcd\u516c\u53f8\u65b0\u6d6a\u627f\u53d7\u9ad8\u5ea6\u7684\u58d3\u529b\uff0c\u56e0\u6b64\u65b0\u6d6a\u57282022\u5e743\u6708\u5df2\u7d93\u81ea\u7f8e\u80a1\u4e0b\u5e02\u5b8c\u6210\u79c1\u6709\u5316\uff0c\u6253\u7b97\u56de\u4e2d\u570bA\u80a1\u4e0a\u5e02\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%A6%AC%E6%96%AF%E5%85%8B%E7%9A%84%E6%8E%A8%E7%89%B9%E4%BA%94%E5%B9%B4%E8%A8%88%E5%8A%83\"><\/span><strong>\u99ac\u65af\u514b<strong>\u7684<\/strong>\u63a8\u7279\u4e94\u5e74\u8a08\u5283<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6839\u64da\u300a\u7d10\u7d04\u6642\u5831\u300b\u7684\u5831\u5c0e\uff0c\u99ac\u65af\u514b\u5ba3\u7a31\u63a8\u7279\u79c1\u6709\u5316\u5f8c\uff0c\u4ed6\u5c0d\u516c\u53f8\u4e94\u5e74\u5f8c\u64d8\u5283\u76842028\u5e74\u7684\u76ee\u6a19\u5982\u4e0b\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u71df\u6536\u589e\u52a0\u5230264\u5104\u7f8e\u5143\uff0c\u76f8\u6bd42020\u5e74\u7684\u7d0451\u5104\u7f8e\u5143\u63d0\u5347\u4e864\u500d\u591a\u3002<\/li>\n\n\n\n<li>\u5ee3\u544a\u71df\u6536\u5c07\u81f3120\u5104\u7f8e\u5143\uff0c\u4f46\u4f54\u6bd4\u5c07\u5f9e2020\u5e74\u768490%\u964d\u81f345%\u3002<\/li>\n\n\n\n<li>\u5c07\u4ed8\u8cbb\u6703\u54e1\u670d\u52d9Twitter Blue\u6253\u9020\u6210\u7b2c\u4e8c\u689d\u589e\u9577\u66f2\u7dda\uff0c\u9054\u5230100\u5104\u7f8e\u5143\u3002\u7528\u6236\u898f\u6a21\u57282025\u5e74\u5c07\u9054\u52306900\u842c\u3002<\/li>\n\n\n\n<li>\u64f4\u5927\u652f\u4ed8\u696d\u52d9\u71df\u6536\u523013\u5104\u7f8e\u5143\u3002\u76ee\u524d\u63a8\u7279\u7684\u652f\u4ed8\u696d\u52d9\u4e3b\u8981\u662f\u5c0f\u8cbb\u548c\u8cfc\u7269\uff0c\u898f\u6a21\u5c0f\u5230\u53ef\u4ee5\u5ffd\u7565\u4e0d\u8a08\u3002<\/li>\n\n\n\n<li>\u6bcf\u500b\u7528\u6236\u5e73\u5747\u6536\u5165\uff08ARPU\uff09\u5f9e2020\u5e74\u768424.83\u7f8e\u5143\u63d0\u9ad8\u523030.22\u7f8e\u5143\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u6b64\u5916\uff0c\u99ac\u65af\u514b\u65bc\u63a8\u6587\u6307\u51fa\uff1a\u300c\u63a8\u7279\u59cb\u7d42\u5c0d\u4e00\u822c\u7528\u6236\u514d\u8cbb\uff0c\u4f46\u4f01\u696d\/\u653f\u5e9c\u7528\u6236\u53ef\u80fd\u8981\u4ed8\u5c11\u91cf\u8cbb\u7528\u3002\u300d \u64da\u5831\u5c0e\uff0c\u63a8\u7279\u8fd1\u671f\u8a66\u5716\u5c07\u696d\u52d9\u64f4\u5927\u81f3\u8a02\u95b1\u7b49\u5176\u4ed6\u9818\u57df\uff0c\u8a72\u516c\u53f8\u5df2\u5728\u53bb\u5e74\u590f\u5929\u63a8\u51fa\u6bcf\u67082.99\u7f8e\u5143\u7684\u8a02\u95b1\u670d\u52d9\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%A6%AC%E6%96%AF%E5%85%8B%E7%82%BA%E4%BD%95%E9%9D%9E%E6%94%B6%E8%B3%BC%E6%8E%A8%E7%89%B9%E4%B8%8D%E5%8F%AF\"><\/span><strong>\u99ac\u65af\u514b\u70ba\u4f55\u975e\u6536\u8cfc\u63a8\u7279\u4e0d\u53ef<\/strong><strong>?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u99ac\u65af\u514b\u67098000\u591a\u842c\u7684\u63a8\u7279\u7c89\u7d72\uff0c\u904e\u53bb11\u5e74\u4f86\uff0c\u4ed6\u5728\u63a8\u7279\u4e0a\u767c\u8868\u4e86\u8d85\u904e17200\u689d\u72c0\u614b\uff0c\u5e38\u767c\u8868\u4e00\u4e9b\u201c\u9a5a\u4eba\u201d\u7684\u8a00\u8ad6\uff0c\u4e0d\u662f\u5c0d\u7279\u65af\u62c9\u9032\u884c\u7522\u54c1\u71df\u92b7\uff0c\u5c31\u662f\u5c0d\u7576\u524d\u5168\u7403\u71b1\u9ede\u4e8b\u4ef6\u9032\u884c\u9ede\u8a55\u3002\u56e0\u6b64\u4ed6\u81ea\u5df1\u8aaa\u904e\u7279\u65af\u62c9\u4e0d\u9700\u8981\u5a92\u9ad4\u516c\u95dc\uff0c\u9760\u4ed6\u4e00\u500b\u4eba\u5c31\u6210\u4e86\u3002\u751a\u81f3\u6642\u5e38\u5145\u7576\u63a8\u7279\u7684\u7522\u54c1\u7d93\u7406\uff0c\u5c0d\u5176\u529f\u80fd\u9032\u884c\u5efa\u8b70\u548c\u5410\u69fd\u3002\u5728\u63a8\u7279\u4e0a\u4e0d\u907a\u9918\u529b\u7684\u70ba\u7279\u65af\u62c9\u3001SpaceX\u3001\u751a\u81f3\u70ba\u72d7\u72d7\u5e63\u9032\u884c\u7ad9\u53f0\u3002\u5c31\u5728\u53bb\u5e7412\u6708\u4efd\uff0c\u99ac\u65af\u514b\u767c\u5e03\u4e00\u5247\u63a8\u7279\u8072\u7a31\u7279\u65af\u62c9\u672a\u4f86\u53ef\u4ee5\u652f\u6301\u72d7\u72d7\u5e63\u9032\u884c\u652f\u4ed8\u4ea4\u6613\uff0c\u9019\u5c0e\u81f4\u72d7\u72d7\u5e63\u572824\u5c0f\u6642\u5167\u6f32\u5e45\u9054\u523033%\u3002<\/p>\n\n\n\n<p>\u5ddd\u666e\u7f37\u4efb\u5f8c\uff0c\u63a8\u7279\u6db7\u7d50\u4e86\u4ed6\u7684\u63a8\u7279\u5e33\u865f\uff0c\u5f15\u767c\u5ddd\u666e\u7684\u4e0d\u6eff\uff0c\u5ddd\u666e\u70ba\u4e86\u8b93\u81ea\u5df1\u6709\u500b\u985e\u4f3c\u7684\u7ba1\u9053\u53ef\u4ee5\u767c\u8072\uff0c\u9084\u81ea\u5df1\u6210\u7acb\u81ea\u5df1\u7684\u516c\u53f8\uff0c\u767c\u5c55\u5c6c\u65bc\u81ea\u5df1\u7684\u793e\u7fa4\u7db2\u8def\u5e73\u53f0\u60f3\u53d6\u4ee3\u81ea\u5df1\u4ee5\u524d\u5e38\u7528\u548c\u4ed6\u6700\u559c\u611b\u7684\u63a8\u7279\u3002<\/p>\n\n\n\n<p>\u8ab0\u63a7\u5236\u4e86\u63a8\u7279\u5c31\u63a7\u5236\u4e86\u5168\u7403\u8a71\u8a9e\u6b0a\u7684\u5c0e\u5411\uff0c\u4f5c\u70ba\u79d1\u6280\u5708\u7684\u610f\u898b\u9818\u8896\uff0c\u5982\u679c\u80fd\u63a7\u5236\u4e00\u5bb6\u81ea\u5df1\u9577\u671f\u767c\u8072\u7684\u5a92\u9ad4\u5e73\u53f0\u662f\u6975\u4f73\u7684\u3002\u9084\u6709\u4eba\u731c\u6e2c\uff0c\u662f\u56e0\u70ba\u99ac\u65af\u514b\u8207SEC\u4e4b\u9593\u7684\u6069\u6028\u60c5\u4ec7\uff0c\u70ba\u4e86\u9632\u5099SEC\u7684\u64cd\u4f5c\uff0c\u5c0e\u81f4\u81ea\u5df1\u88ab\u63a8\u7279\u5c01\u865f\u3002<\/p>\n\n\n\n<p>\u6211\u500b\u4eba\u8a8d\u70ba\u99ac\u65af\u514b\u770b\u4e2d\u4ee5\u4e0b\u5169\u9ede\uff0c\u56e0\u6b64\u975e\u6536\u8cfc\u63a8\u7279\u4e0d\u53ef\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u63a8\u7279\u7684\u5730\u4f4d\u5728\u793e\u7fa4\u7db2\u8def\u7684\u5168\u7403\u7368\u7279\u5730\u4f4d\u7121\u4eba\u80fd\u53ca\uff0c\u8ab0\u63a7\u5236\u4e86\u63a8\u7279\u5c31\u63a7\u5236\u4e86\u5168\u7403\u8a71\u8a9e\u6b0a\u548c\u8f3f\u8ad6\u7684\u5c0e\u5411\u3002<\/li>\n\n\n\n<li>\u5c31\u4f01\u696d\u71df\u904b\u800c\u8a00\uff0c\u63a8\u7279\u7b97\u662f\u4e0d\u53ca\u683c\u3002\u4ee5\u5546\u696d\u4e0a\u7684\u5229\u76ca\u800c\u8a00\uff0c\u516c\u53f8\u7684\u71df\u904b\u5177\u6709\u6975\u5927\u7684\u6210\u9577\u6f5b\u529b\uff0c\u6536\u8cfc\u662f\u4e00\u7bad\u96d9\u9d70\u3002<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%AD%A4%E4%BA%8B%E5%BC%95%E7%99%BC%E7%9A%84%E9%80%A3%E9%8E%96%E6%95%88%E6%87%89\"><\/span>\u6b64\u4e8b\u5f15\u767c\u7684\u9023\u9396\u6548\u61c9<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u99ac\u65af\u514b\u6536\u8cfc\u63a8\u7279\u5f15\u767c\u4e86\u8a31\u591a\u4f01\u696d\u4f75\u8cfc\uff0c\u80a1\u6b0a\uff0c\u8463\u4e8b\u6703\uff0c\u6cd5\u898f\u7b49\u4e00\u9023\u4e32\u7684\u8a71\u984c\u3002\u5f9e\u4e00\u822c\u6295\u8cc7\u4eba\u4f86\u770b\uff0c\u9019\u672a\u5690\u4e0d\u662f\u4ef6\u597d\u4e8b\uff0c\u56e0\u70ba\u6b64\u4e8b\u662f\u83ef\u723e\u8857\u548c\u79d1\u6280\u754c\u842c\u773e\u56d1\u76ee\u7684\u982d\u689d\u2500\u2500\u2500\u2500\u582a\u7a31\u300a\u9580\u53e3\u7684\u91ce\u883b\u4eba\u300b\u7684\u73fe\u4ee3\u7248\u3002\u6709\u5f88\u9ad8\u7684\u5a92\u9ad4\u66dd\u5149\u5ea6\uff0c\u900f\u904e\u5a92\u9ad4\u9245\u7d30\u9761\u907a\u7684\u5831\u5c0e\u5f8c\uff0c\u53cd\u800c\u53ef\u4ee5\u8b93\u4e00\u822c\u6295\u8cc7\u4eba\u5229\u7528\u9019\u500b\u5be6\u969b\u7684\u6848\u4f8b\uff0c\u66b8\u89e3\u8a31\u591a\u76f8\u95dc\u7684\u4f75\u8cfc\uff0c\u6cd5\u898f\uff0c\u8cc7\u91d1\u7c4c\u63aa\uff0c\u5229\u5bb3\u95dc\u4fc2\u7684\u5be6\u52d9\u904b\u7528\u3002\u5230\u76ee\u524d\u70ba\u6b62\uff0c\u9019\u6a01\u6536\u8cfc\u6848\u6240\u5f15\u767c\u7684\u8a0e\u8ad6\u81f3\u5c11\u6709\u4ee5\u4e0b\u5e7e\u9ede\uff1a<\/p>\n\n\n\n<p>\u99ac\u65af\u514b\u516c\u4f48\u8cb7\u5165\u63a8\u7279\u7684\u6642\u9593\u8f03\u76e3\u7ba1\u898f\u5b9a\u665a\u4e8611\u5929\uff0c\u984d\u5916\u8cfa\u90321.56\u5104\u7f8e\u5143\u3002\u6cd5\u5f8b\u898f\u5b9a\u6301\u6709\u6bd4\u4f8b\u8d85\u904e5%\u6642\u5fc5\u9808\u77e5\u6703SEC\u30023\u670814\u65e5\u5c31\u9054\u5230\u4e86\u6a19\u6e96\uff0c\u4f46\u4ed6\u665a11\u5929\u624d\u62ab\u9732\u3002\u62ab\u9732\u524d\uff0c\u7e7c\u7e8c\u4ee5\u6bcf\u80a139\u7f8e\u5143\u5de6\u53f3\u7684\u50f9\u683c\u8cb7\u5165\u4f7f\u6301\u80a1\u6bd4\u9054\u5230\u4e869.2%\uff1b\u5f15\u767cFTC\u548cSEC\u9032\u884c\u8abf\u67e5\u3002<\/p>\n\n\n\n<p>4\u67084\u65e5\u4ed6\u63d0\u4ea4SEC\u7684\u4e00\u822c\u88ab\u52d5\u6295\u8cc7\u4eba\u768413G\u8868\u683c\u6210\u70ba\u6301\u80a1\u90549.1%\u7684\u6700\u5927\u500b\u4eba\u80a1\u6771\u3002\u4f46\u5728\u6b21\u65e5\u91cd\u65b0\u63d0\u4ea4\u53c3\u8207\u76f8\u95dc\u516c\u53f8\u6cbb\u7406\u7684\u4e3b\u52d5\u6295\u8cc7\u4eba\u4f7f\u7528\u768413D\u8868\u683c\uff0c\u986f\u898b\u4ed6\u6253\u7b97\u66f4\u7a4d\u6975\u5730\u53c3\u8207\u63a8\u7279\u7684\u71df\u904b\u3002<\/p>\n\n\n\n<p>\u653e\u68c4\u52a0\u5165\u8463\u4e8b\u6703\uff0c\u9019\u6a23\u6301\u80a1\u6bd4\u4f8b\u5c31\u4e0d\u5fc5\u53d7\u9650\u65bc14.9%\u4e86\uff0c\u9032\u884c\u6536\u8cfc\u5c31\u5408\u60c5\u5408\u7406\u4e86\u3002\u63a8\u7279\u7684\u8463\u4e8b\u6703\u9084\u66fe\u8003\u616e\u796d\u51fa\u6bd2\u85e5\u4e38\u7684\u7b56\u7565\u4ee5\u963b\u6b62\u4ed6\u7e7c\u7e8c\u9032\u884c\u6575\u610f\u6536\u8cfc\u3002\u4f46\u4ed6\u96a8\u5f8c\u63d0\u51fa\u6536\u8cfc\u8981\u7d04\uff0c\u76f4\u63a5\u5411\u80a1\u6771\u6536\u8cfc\u80a1\u4efd\uff0c\u6700\u7d42\u8463\u4e8b\u6703\u9084\u662f\u540c\u610f\u88ab\u6536\u8cfc\u3002<\/p>\n\n\n\n<p>\u7531\u65bc\u6536\u8cfc\u91d1\u984d\u9ad8\u9054\u7f8e\u91d1440\u5104\uff0c\u6469\u6839\u53f2\u4e39\u5229\u7b49\u9280\u884c\u540c\u610f\u63d0\u4f9b\u7684130\u5104\u7f8e\u5143\uff0c\u99ac\u65af\u514b\u5c07\u81ea\u7c4c\u53e6\u5916\u7684335\u5104\u7f8e\u5143\uff0c\u5305\u62ec\u7279\u65af\u62c9\u80a1\u7968\u8cea\u62bc\u7684125\u5104\u7f8e\u5143\u3002\u53e6\u5916\u7684210\u5104\u7f8e\u5143\u53ef\u80fd\u5fc5\u9808\u51fa\u552e\u6216\u8cea\u62bc\u4ed6\u7684SpaceX\u548cBorning Hyperloop\u672a\u4e0a\u5e02\u4f01\u696d\u7684\u80a1\u4efd\u3001\u7279\u65af\u62c9\u80a1\u7968\u3001\u518d\u52a0\u4e0a\u963f\u6ce2\u7f85\uff08Apollo Global Management\uff09\u548cThoma Bravo\u7b49\u79c1\u52df\u57fa\u91d1\u696d\u8005\u7684\u53ef\u80fd\u53c3\u8207\u3002\u4f46\u56e0\u4ed6\u552e\u80a1\u88ab\u63ed\u9732\u5f8c\uff0c\u7279\u65af\u62c9\u80a1\u7968\u4e00\u8def\u4e0b\u8dcc\u81f3\u4eca\u3002\u6b64\u8209\u5f15\u767c\u7279\u65af\u62c9\u80a1\u6771\u7684\u96c6\u9ad4\u8a34\u8a1f\uff0c\u628a\u4ed6\u544a\u4e0a\u6cd5\u9662\u3002<\/p>\n\n\n\n<p>\u99ac\u65af\u514b\u5f8c\u4f86\u53c8\u8868\u793a\uff0c\u5728\u4ed6\u4e86\u89e3\u5e73\u53f0\u4e0a\u7684\u6a5f\u5668\u4eba\u7b49\u5047\u5e33\u865f\u7684\u6578\u91cf\u4e4b\u524d\uff08\u4e00\u822c\u4f30\u8a08\u81f3\u5c11\u67095%\uff0cMeta\u5728\u591a\u5e74\u524d\u4e5f\u88ab\u5ee3\u544a\u5ba2\u6236\u8cea\u7591\u904e\u9019\u500b\u5728\u5404\u793e\u7fa4\u7db2\u8def\u5e73\u53f0\u516c\u958b\u7684\u554f\u984c\uff09\uff0c\u9019\u7b46\u4ea4\u6613\u66ab\u6642\u6703\u88ab\u64f1\u7f6e\uff0c\u6697\u793a\u4ed6\u53ef\u80fd\u6703\u5c0b\u6c42\u91cd\u65b0\u8ac7\u5224\u4ee5\u964d\u4f4e\u6536\u8cfc\u50f9\u78bc\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"158\" height=\"136\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/08\/t-1600x1200-1.jpg\" alt=\"\u63a8\u7279\" class=\"wp-image-23467\"\/><figcaption class=\"wp-element-caption\">Credit:Wikimedia<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%8F%8D%E5%B0%8D%E6%94%B6%E8%B3%BC%E7%9A%84%E8%81%B2%E9%9F%B3\"><\/span>\u53cd\u5c0d\u6536\u8cfc\u7684\u8072\u97f3<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u76ee\u524d\u4e5f\u6709\u4e0d\u5c11\u53cd\u5c0d\u9019\u9805\u6536\u8cfc\u6848\u7684\u5711\u9ad4\uff0c\u4ee5\u4e0b\u5c31\u662f\u5176\u4e2d\u4e00\u4e9b\u8f03\u6709\u4ee3\u8868\u6027\u8005\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u63a8\u7279\u80a1\u6771\u8a8d\u70ba\u99ac\u65af\u514b\u4f4e\u4f30\u4e86\u5176\u5e73\u53f0\u7684\u771f\u5be6\u50f9\u503c\uff0c\u6c99\u7279\u738b\u5b50\u5df2\u7d93\u7ad9\u51fa\u4f86\u660e\u78ba\u8868\u793a\u4ed6\u4e0d\u6703\u540c\u610f\uff0c\u64da\u963f\u62c9\u4f2f\u65b0\u805e\u5831\u5c0e\uff0c\u81ea2015\u5e74\u4e4b\u5f8c\uff0c\u6c99\u70cf\u5730\u963f\u62c9\u4f2f\u738b\u5b50\u74e6\u5229\u5fb7\u00b7\u672c\u00b7\u5854\u62c9\u52d2\u00b7\u963f\u52d2\u6c99\u7279\u5df2\u7d93\u9678\u7e8c\u6301\u6709\u63a8\u7279\u76845.2%\u80a1\u4efd\u3002<\/li>\n\n\n\n<li>\u79c1\u6709\u5316\u5f8c\uff0c\u63a8\u7279\u7684\u6587\u5316\u50f9\u503c\u56e0\u800c\u767c\u751f\u6539\u8b8a\u3002\u63a8\u7279\u81f3\u4eca\u5df2\u6709\u4e09\u4f4d\u7ba1\u7406\u9ad8\u5c64\u5728\u6536\u8cfc\u6848\u88ab\u516c\u958b\u5f8c\u96e2\u8077\uff0c\u516c\u53f8\u5167\u90e8\u4eba\u5fc3\u60f6\u60f6\u3002\u6587\u5316\u662f\u6307\u5c0d\u5f85\u5c11\u6578\u65cf\u88d4\u54e1\u5de5\u7684\u554f\u984c\uff0c\u9019\u4ef6\u4e8b\u4e0a\u7279\u65af\u62c9\u662f\u6709\u300c\u524d\u79d1\u300d\u7684\uff0c\u5728\u4eca\u5e742\u6708\u4efd\uff0c\u7279\u65af\u62c9\u5c31\u56e0\u6d89\u5acc\u7a2e\u65cf\u6b67\u8996\u88ab\u52a0\u5dde\u516c\u5e73\u5c31\u696d\u548c\u4f4f\u623f\u90e8\u8d77\u8a34\u3002<\/li>\n\n\n\n<li>\u5c0d\u65bc\u99ac\u65af\u514b\u7684\u79c1\u6709\u5316\u8981\u7d04\u771f\u5be6\u76ee\u7684\u4e0d\u6e05\u695a\u3002\u99ac\u65af\u514b\u81ea\u5df1\u5c0d\u5916\u7684\u89e3\u91cb\u662f\uff0c\u4ed6\u60f3\u8981\u64c1\u6709\u4e00\u500b\u300c\u5305\u5bb9\u7684\u8a00\u8ad6\u81ea\u7531\u821e\u53f0\u300d\uff0c\u4f46\u4e00\u76f4\u4ee5\u4f86\u4ed6\u90fd\u5728\u62a8\u64ca\u63a8\u7279\u5e73\u53f0\u7684\u8a00\u8ad6\u81ea\u7531\u3002\u7a76\u7adf\u8981\u628a\u63a8\u7279\u5e36\u5f80\u4f55\u65b9\uff0c\u6c92\u4eba\u66c9\u5f97\u3002<\/li>\n\n\n\n<li>\u7f8e\u570b\u667a\u5eab\u958b\u653e\u5e02\u5834\u7814\u7a76\u6240\uff08Open Markets Institute\uff09\u547c\u7c72\u7f8e\u570b\u806f\u90a6\u901a\u4fe1\u59d4\u54e1\u6703\uff08FCC\uff09\u3001\u806f\u90a6\u8cbf\u6613\u59d4\u54e1\u6703\uff08FTC\uff09\u548c\u53f8\u6cd5\u90e8\u963b\u2f4c\u2fba\u65af\u514b\u6536\u8cfc\u63a8\u7279\uff0c\u56e0\u70ba\u9019\u662f\u5c0d\u7f8e\u570b\u2ea0\u4e3b\u548c\u2f94\u8ad6\u2f83\u7531\u7684\u76f4\u63a5\u5a01\u8105\u3002FCC\u5c08\u54e1Brendan Carr\u5247\u56de\u61c9\uff0cFCC\u7121\u6b0a\u963b\u2f4c\u2fba\u65af\u514b\u6536\u8cfc\u63a8\u7279\u3002<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\"><\/span>\u76f8\u95dc\u6587\u7ae0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u63a8\u7279\u5171\u540c\u5275\u8fa6\u4eba\u7562\u8332\uff0e\u53f2\u6771 \uff08Biz Stone\uff09\u6240\u5beb\u7684\u300a\u760b\u72c2\u6539\u8b8a\u4e16\u754c\uff1a\u6211\u5c31\u662f\u9019\u6a23\u5275\u7acbTwitter\u7684! \uff08<a href=\"https:\/\/www.amazon.com\/Things-Little-Bird-Told-Co-Founder\/dp\/1455528722\" target=\"_blank\" rel=\"noreferrer noopener\">Things a Little Bird Told Me<\/a>\uff09\u300b<\/li>\n\n\n\n<li>\u300a\u9580\u53e3\u7684\u91ce\u883b\u4eba\uff08<a href=\"https:\/\/www.amazon.com\/Barbarians-Gate-Fall-RJR-Nabisco-ebook\/dp\/B000FC10QG\" target=\"_blank\" rel=\"noreferrer noopener\">Barbarians at the Gate<\/a>\uff09\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/07\/06\/%E6%AF%94%E7%89%B9%E5%B9%A3%E7%9A%84%E7%8B%82%E7%86%B1%E6%94%AF%E6%8C%81%E8%80%85%E5%82%91%E5%85%8B%EF%BC%8E%E5%A4%9A%E8%A5%BF\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6bd4\u7279\u5e63\u7684\u72c2\u71b1\u652f\u6301\u8005\u5091\u514b\uff0e\u591a\u897f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/06\/22\/%e5%82%91%e5%85%8b%ef%bc%8e%e5%a4%9a%e8%a5%bf%ef%bc%88jack-dorsey%ef%bc%89\/\">\u5091\u514b\uff0e\u591a\u897f\uff08Jack 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Gate\uff09\u300b\u9019\u672c\u88ab\u8b7d\u70ba\u53f2\u4e0a\u6700\u7d93\u5178\u7684\u83ef\u723e\u8857\u4f75\u8cfc\u548c\u5546\u6230\u76f8\u95dc\u66f8\u7c4d\u6216\u96fb\u5f71\u7684\u670b\u53cb\uff0c\u8d95\u7dca\u627e\u6642\u9593\u627e\u6642\u9593\u770b\u4e00\u4e0b\u3002\u76ee\u524d\u5e02\u9762\u4e0a\u4e5f\u53ef\u4ee5\u627e\u5230\u4e00\u672c\u95dc\u65bc\u63a8\u7279\u516c\u53f8\u7684\u5275\u7acb\u6545\u4e8b\u2500\u2500\u2500\u2500\u63a8\u7279\u5171\u540c\u5275\u8fa6\u4eba\u7562\u8332\uff0e\u53f2\u6771 \uff08Biz Stone\uff09\u6240\u5beb\u7684\u300a\u760b\u72c2\u6539\u8b8a\u4e16\u754c\uff1a\u6211\u5c31\u662f\u9019\u6a23\u5275\u7acbTwitter\u7684! \uff08Things a Little Bird Told Me\uff09\u300b\u3002<\/p>\n","protected":false},"author":1,"featured_media":23467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[335,8,173,514,142,390,333,23,436,577,97,322,161],"tags":[909,912,908,816,286,230,910,204,231,225,234,346],"class_list":["post-18995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acquisitions","category-business-leaders","category-entrepreneur","category-founders","category-dual-class-shares","category-regulation","category-social-network","category-private-equity","category-leaderships","category-network-effect","category-sec","category-board-of-directors","category-financial-books","tag-apollo-global-management","tag-borning-hyperloop","tag-elliott-management","tag-meta","tag-sina","tag-snap","tag-spacex","tag-tcehy","tag-tiktok","tag-tsla","tag-twtr","tag-wb"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/18995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/comments?post=18995"}],"version-history":[{"count":0,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/18995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/23467"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=18995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=18995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=18995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}