The Dark Truth About PayPal

The Dark Truth About PayPal

The Story of PayPal (aka the controversial rise 8
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.