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How Elon Solved a Major Problem at PayPal, Easily! In the early days of PayPal, fraud was a major issue, costing the company millions annually. These frauds included account takeovers, using stolen cards to make transaction, creating fake accounts for referral benefits, and even money laundering. As PayPal grew rapidly, these frauds became a big problem. Thus, Elon had to act fast! So Elon implemented some unique and unpopular solutions to handle this! He asked every employee at the company, no matter what their position or role was, to monitor and detect potential fraud. Based on this, they tried to look for certain patterns in fraud transactions. For eg, opening a new acc and making large transactions right away. Using this approach, he was able to create better automatic fraud detection tools and set up rules that reduced fraud (like transaction limits) And that’s how Elon solved a major problem at PayPal easily.
100x target through ... • 1y
In the era of DigitalIndia, it's surprising when transaction details are not readily available. What's happening here? Even if a wrong transaction or fraud occurs, what can cybercell really do? They will eventually extract the details. Therefore, one
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Concept validation needed ? India is full of black money and many people has lot's of Courrupted black money but most of them are try to making it white but the main problem is that government agencies are tracking them easily and now it's really h
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A guy in Delhi used his card at a store. Swiped it three times. Each time the machine said "transaction failed" and third transaction was finally successful , he went back home. a week Later, all money was gone from his account. What actually happe
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Let's Discuss Payal Mafia and Some Famous Names behind this 🚀♥️🤑 •The PayPal Mafia is a group of former PayPal employees and founders who have since founded and/or developed additional technology companies, collectively impacting the tech industry
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"Buying Twitter for $44B was crazy and overpriced," says Elon Musk on Joe Rogan's podcast. Musk, who rebranded Twitter to "X" in 2023, shared that he felt the acquisition was necessary to avoid major setbacks in social media. #ElonMusk #Twitter #JoeR
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