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Business Wars

eBay vs PayPal - The E-commerce Revolution | 2

Business Wars

Audible

History, David Brown, Business, Management

4.613.5K Ratings

🗓️ 26 July 2018

⏱️ 28 minutes

🧾️ Download transcript

Summary

As eBay gathers steam, a libertarian chess champion and a programmer who fled Communist Ukraine team up to change the world with their encryption software. But when their plan to piggyback on the ubiquitous Palm Pilot hits a snag, they stumble upon a new idea. The concept is so revolutionary, it will change the landscape of e-commerce and turn the fledgling company into a viral phenomenon. There’s just one problem. PayPal is set on a collision course with the one company it needs to succeed: eBay.


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Transcript

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0:00.0

Hey, prime members, you can listen to business wars, add free on Amazon music.

0:04.6

Download the app today.

0:07.0

It's 1986, three years before the fall of the Berlin Wall.

0:15.8

In Soviet Ukraine, an equipment test of the Chernobyl nuclear reactor goes horribly awry.

0:23.8

Wins carry radioactive particles into the sky, eventually blanketing the Western USSR

0:29.2

and Eastern Europe, with toxic dust that the union of concerned scientists later estimated

0:34.9

would lead to tens of thousands of early deaths.

0:38.4

70 miles downwind lives 11-year-old Max Levchin.

0:42.5

A Jew from Kiev, Levchin lives in a grim workers' paradise.

0:48.3

Levchin's mother is a physicist who works as a government research assistant.

0:52.5

She overhears news of the leak and realizes the reactor may be on the verge of a catastrophic

0:58.3

meltdown.

1:00.1

She and her husband hurriedly gather their two sons and grab a few belongings.

1:06.1

They trudge through the acid rain mist as they head for the train station.

1:11.0

Max overhears his mother say, this is bad, very bad.

1:18.6

As they chug 500 miles toward Crimea, they can see a steady stream of fire brigades and

1:23.7

ambulances heading in the opposite direction.

1:26.9

When the Levchins arrive in Crimea, they and other passengers are stopped at a checkpoint

1:31.2

set up to screen people coming off the trains from the north near Chernobyl.

1:36.5

A guard runs a stick up and down each person.

1:40.2

When he gets to Max, the guy got counted beeps.

1:44.2

The guard switches to a lower setting.

...

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