PayPal to acquire shopping and rewards platform Honey for $4 Billion

Discussion in 'other software & services' started by mood, Nov 20, 2019.

  1. mood

    mood Updates Team

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    PayPal to acquire shopping and rewards platform Honey for $4B
    November 20, 2019
    https://techcrunch.com/2019/11/20/p...ing-and-rewards-platform-honey-for-4-billion/
     
  2. Rasheed187

    Rasheed187 Registered Member

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    This is crazy, has PayPal lost its mind? Why the hell would you pay 4 billion for a company with only 100 million dollar of revenue? The funny thing is, this year I saw a similar tool called Pouch being presented on BBC's Dragons Den, I wonder what these guys are thinking right now.

    https://joinpouch.com
     
  3. mood

    mood Updates Team

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    Why Did PayPal Pay $4 Billion for a Coupon Browser Extension?
    November 22, 2019
    https://www.wired.com/story/paypal-honey-4-billion-dollars/
     
  4. mood

    mood Updates Team

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    How the PayPal Honey deal could reshape ecommerce
    November 26, 2019
    https://venturebeat.com/2019/11/26/how-the-paypal-honey-deal-could-reshape-ecommerce/
     
  5. zapjb

    zapjb Registered Member

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    Yeah but $4B. I could see up to $2B based on 20x annual income as stated above. But once PP gets rolling & pushing Honey to their customers PP could easily triple Honey's annual income. Or PP could **** it up. My guess is they double Honey's annual income within 3 years.
     
  6. Rasheed187

    Rasheed187 Registered Member

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    Let's say face it, it's a ridiculous deal. Honey simply isn't worth 4 billion, not even close. I won't be buying any PayPal stock anytime soon, the management has lost it, this deal is a bad sign for investors.
     
  7. mood

    mood Updates Team

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    Amazon Takes a Swipe at PayPal's $4 Billion Acquisition
    The retail giant warned holiday shoppers that Honey, a popular browser extension, was a “security risk.”
    January 9, 2020

    https://www.wired.com/story/amazon-honey-security-warning/
    TheVerge: Amazon suspiciously says browser extension Honey is a security risk, now that PayPal owns it
     
  8. Rasheed187

    Rasheed187 Registered Member

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