PayPal ft. Max Levchin - A merger of enemies that reshaped Silicon Valley
Crucible Moments
Fighting Fraud and Reducing Losses
This chapter focuses on the challenging situation PayPal faced when it was being defrauded of over $10 million a month. To survive, the company had to prioritize fighting fraud and reducing losses, leading to all engineers being redeployed to address the issue. The chapter also discusses the development of a technology by the PayPal team to combat fraudsters.
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