The PayPal Wars
October 7th, 2007 at 4:57 pm by Peter WaldschmidtI just finished the book The PayPal Wars by Eric Jackson. It was a great read. This book basically tells the story of PayPal through the eyes of a marketing executive at PayPal, from its early founding days until its sale to eBay.
The book highlights the remarkable set of obstacles the company faced. As auctions became their largest market they repeatedly clashed with eBay. They fought off organized crime syndicates who were trying to use the service to launder money and bilk PayPal. And once they went public, they were hounded by class-action lawsuits, and overzealous regulators trying to make a name for themselves.
It’s quite a tale and certainly worth reading.
