The Dark Truth About PayPal

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.

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

PayPal Mafia: The Controversial Rise & Fall of PayPal
The PayPal Mafia
The Dark Truth About PayPal
PayPal Mafia: The Dark Truth Of PayPal

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[MagnatesMedia]

Hey legends, the story of PayPal has plenty of twists… so I think you’re gonna really enjoy this one. 😄

Btw after many months of work, my full YouTube system is now available! It’s literally everything you need to grow your own channel fast, and build a hugely profitable business with YouTube…

You can make videos about whatever topics you find interesting, and you don’t even have to be on camera.

[CHILLknowsfootball]

Companies usually start by trying to fix a problem. Then when they get big they become the problem.

[BSQT]

Missed opportunity from eBay to call it ePay

[chals]

4 sponsor ads in a single video is wild

[thcqqbj]

Plot-twist: the "finance-less kids" who started paypal were in fact sons of billionaires with government ties.

[jskillful]

I had a hard time focusing on the details because every time you said "x" I imagined Twitter lol

[motorcitywestauto]

Jesus Christ with the ads. It's worse than cable TV.

[danielscheuch]

You left out how paypal no longer refund the transaction fees if a payment is refunded.

[lucasmozard]

I love how there’s an ad for a financial platform that sounds too good to be true… whilst basically watching a video about something that was too good to be true 😂

[not_denes]

i am russian, and i remember times when i saw an ad of paypal and it was about doing some simple tasks and getting money for it, paypal started from a scam

[ElementofKindness]

My personal nail in the coffin, was when they threatened to fine wrongthink. I couldn't close my account fast enough!

[bigload]

PayPal has become an absolute mess lately. You're account will get banned randomly and won't give you a reason. Spent hours of phone calling, emails and I finally got it back. Good luck to anyone going through that pain! Hopefully this video talks about all that drama because I've seen online that so many people have had that issue.

[TheXppp]

Here in mexico paypal isn't even allowed to keep your money, they are forced to transfer asap to your bank account

[Emanuelgamer_BACKUP]

The editing in these videos are always so good, it's unbelievable.

[adiamondintheroughcleaning]

I still have money setting in one of my old employees account that she wasn't able to access. I ended up having to send her money a different way. This was over 5 years ago. Neither of us could get the money.

[rad]

Elon Musk seems to be obsessed with renaming everything "X".

[mr.robot]

Ever since the term " Paypal mafia" has been coined, Silicon Valley had a totally different vibrant theme

[Copiio]

Adobe and their subscription scandal is another good topic. They are forcing business accounts to keep paying by disconnecting in chat and hanging up on phone calls.

[trippycat]

It feels so unreal to me how easy investments get made in these stories… Like you just randomly attend a lecture and tell the guy about your idea and he’s excited right away lol guess that’s what means to be in the right place in the right time

[Drunken_Master]

All scammers claim that their accounts have been frozen "for no reason".