CURRENT AFFAIRS

Detailed explanation-1: -Jimmy Soni is an award-winning author. His newest book, The Founders: The Story of PayPal and the Entrepreneurs Who Shaped Silicon Valley, was a national bestseller and received critical acclaim from The New York Times, Wall Street Journal, New Yorker, The Economist, Financial Times, and more.

Detailed explanation-2: -Book Review: The Founders: The Story of PayPal and the Entrepreneurs who Shaped Silicon Valley by Jimmy Soni. In The Founders, Jimmy Soni explores the compelling story behind the founders of PayPal and its early employees.

Detailed explanation-3: -History of PayPal PayPal was established in 1998 as Confinity. At that time it was a company that provided security software for mobile devices but experienced no success. With the ashes of Confinity, rose the ranks of PayPal. An exclusive platform for digital payments, PayPal was launched in 1999.

Detailed explanation-4: -PayPal was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Confinity, a company that developed security software for hand-held devices. Having had no success with that business model, however, it switched its focus to a digital wallet.