The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Sacks: PayPal worked with ADL and SPLC to de-platform users
“PayPal was taking the lead to financial deep platforming. They were working with the ADL and the SPLC to kick, to just to identify groups to kick off their platform.”
Sacks claims PayPal partners with ADL and SPLC to ban users
“Basically, PayPal is creating the equivalent of a no fly list with respect to their service. Well, for anybody who they put, they deem as deplorable or undesirable, basically they're working with the ADL, the Anti-Defamation League, and the Southern Poverty La…”
Sacks: Pre-IPO PayPal employees created more unicorns than all Google alumni
“There are more unicorns founded by ex-PayPal people than ex-Google people, even though at sort of the PayPal mafia, if you define it as the pre-IPO group of people who worked at PayPal, there were only a couple of hundred in the Bay Area, whereas Google had li…”
Sacks: PayPal burned $10M monthly with no revenue in 2000
“PayPal had this situation back in 2000, the year 2000, right after the dot-com crash. We were burning ten million dollars a month, like fast. We had no revenue and no business model, ok?”
Calacanis: Block contributing $17B equity to joint PayPal acquisition bid
“Block, formerly known as Square, is Jack Dorsey's payment company, one of the few entrepreneurs to ever create two decacorns in our industry, and they're contributing seventeen billion in equity in the combined offer.”
Sacks: Stripe processes $2T in annual volume, exceeding PayPal's $1.7T
“And I think they're doing about two trillion a year of annual transaction volume. I think PayPal is doing 1.7”
Palihapitiya: Carl Icahn unlocked $250B in value by pushing eBay-PayPal split
“He unlocked a quarter trillion dollars of value.”
Chamath: Shareholder revolt forced PayPal to explicitly deny Pinterest acquisition
“PayPal was rumored to be buying Pinterest. And, you know, there was such an incredible shareholder revolt that they had to put out a press release saying we have absolutely no interest In acquiring Pinterest.”
Sacks: Legacy credit card transaction fees choked PayPal micropayments
“The way that the old credit card rails network works is there's like a 25 cent charge per transaction, and so, like at PayPal, it just didn't make sense to facilitate micropayments because the cost of that transaction always exceeded the fee that we could get.”