PayPal: A Tale of Two Rivalries and One Company’s Rise to Dominate Online Payments


Introduction

PayPal is no ordinary company, and this is no ordinary story. On the one hand, this is one of the most inspiring tales you’ll ever hear. It’s about how a small group of people in their 20s with no real finance experience went up against big banking and revolutionized the way we send money. But there’s also a very dark story here. It’s about 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. Yet, despite all of this controversy surrounding the company, hundreds of millions of people use PayPal every day to send money around the world. The team behind PayPal has come to be known as the “PayPal Mafia,” a network of powerful billionaires who are behind so many other huge internet companies. This 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.

Chapter 1: From Chernobyl to California

Max Levchin was only 10 years old when the Chernobyl nuclear power plant exploded. He was in his house sleeping, just 90 miles away. As a Jewish family living in Soviet Russia, life was..

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https://thedailynewsngrng.com/from-rivals-to-partners-the-insane-story-of-paypal-and-x-com/

Really inspiring.

This is my niche to serve African and Nigerian entrepreneurs.