Ben and David return to technology acquisitions by examining a classic: eBay's 2002 purchase of PayPal.Sponsors:<ul><li>WorkOS: <a href="https://bit.ly/workos25">https://bit.ly/workos25</a></li><li>Intapp: <a href="https://bit.ly/intappceleste">https://bit.ly/intappceleste</a></li><li>Sentry: <a href="https://bit.ly/acquiredsentry">https://bit.ly/acquiredsentry</a></li><li>Anthropic: <a href="https://bit.ly/acquiredclaude25">https://bit.ly/acquiredclaude25</a></li></ul> More Acquired!<ul><li><a href="https://www.acquired.fm/email">Get email updates</a> with hints on next episode and follow-ups from recent episodes</li><li><a href="http://acquired.fm/slack">Join the Slack</a></li><li><a href="https://pod.link/acquiredlp">Subscribe to ACQ2</a></li><li><a href="https://www.acquired.fm/store">Merch Store</a>!</li></ul>© Copyright 2015-2026 ACQ, LLC Items mentioned in the show: <ul><li><a href="http://How%20the%20'PayPal%20Mafia'%20redefined%20success%20in%20Silicon%20Valley"> How the 'PayPal Mafia' redefined success in Silicon Valley  - Tech Republic</a></li><li><a href="http://fortune.com/2016/01/25/instagram-3-billion-business-this-year/"> Instagram Will Be a $3 Billion Business This Year: Analyst</a></li><li><a href="http://www.gq.com/story/president-obama-bill-simmons-interview-gq-men-of-the-year"> President Obama and Bill Simmons: The GQ Interview</a></li></ul>"The Carve Out":<ul><li><a href="http://www.amazon.com/Antifragile-Things-That-Disorder-Incerto-ebook/dp/B0083DJWGO"> Antifragile: Things That Gain from Disorder - </a></li><li><a href="https://soundcloud.com/the-bill-simmons-podcast/ep-95-billionaire-investor-chris-sacca"> The Bill Simmons Podcast - Chris Sacca</a></li></ul>

Episode 12: Snapchat

Every company has a story.

Learn the playbooks that built the world’s greatest companies — and how you can apply them.