Book dossier

The PayPal wars

by Eric M. Jackson

When a California hedge fund manager and a Ukrainian engineer launched an online payment service in 1999, they dreamed of overhauling the world's currency markets and improving the lives of millions. Their start-up survived the dot-com bust a year later only to find itself besieged by lawyers, bankers, Mafia, and even the auction site eBay--turning their quest to make Internet history into a desperate struggle for survival. Revised and updated, this critically acclaimed narrative by former insider Eric M. Jackson is the ultimate adventure in capitalism. Written like a novel, The PayPal Wars reveals how PayPal went from bleeding $10 million per month to becoming a financial powerhouse. It also sheds new light on eBay's current woes--and PayPal's pending showdown with Google.