The Dark Truth About PayPal
This is a 20 July 2024 videi.
The Story of PayPal (aka the controversial rise & fall of PayPal)… On the one hand, this is an inspiring business story…
How a small group of entrepreneurs with no real finance experience went up against big banking and revolutionised the way we send money. But there’s also a very dark business story here… how a company that promised so much has ended up ripping off its own users and being involved in countless scandals. There are very few companies with as many horror stories and unhappy customers as PayPal.
This is also a story about how PayPal faced fraudsters, gave away free money, nearly went bankrupt, and on multiple occasions hatched a secret plot to overthrow their own CEO. And yet despite all this controversy surrounding the company, hundreds of millions of people use PayPal every day to send money around the world. And the team behind PayPal have come to be known as the PayPal mafia, a network of powerful billionaires who are behind so many other huge Internet companies – which means there’s an extreme amount of power in the hands of a very small group.
So it’s time we delve into the truth. Welcome to the insane true story of PayPal, and the original X.com.
https://youtu.be/DwTK_VT54OY
00:00 Prologue
01:23 Chapter 1: The Birth of PayPal
06:32 Exciting News: Grow Your Own YouTube Channel
08:16 Chapter 2: X.com
12:27 Chapter 3: Email Payments
15:06 Chapter 4: X Vs PayPal
20:59 Chapter 5: The Merger
27:43 InVideo
28:47 Chapter 6: PayPal vs eBay
34:15 Chapter 7: The Coup
40:33 Chapter 8: Breakthroughs
44:06 Chapter 9: IPO
46:29 Free Stocks
47:33 Chapter 10: Acquisition
50:45 Chapter 11: Don’t Trust PayPal
55:37 Epilogue: The PayPal Mafia
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