Paypal Buys Honey

[zeldatp151]

https://techcrunch.com/2019/11/20/paypal-to-acquire-shopping-and-rewards-platform-honey-for-4-billion/

"Paypal announced today it has agreed to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4 billion, mostly cash."

"In addition, PayPal’s network of 24 million merchant partners will gain the ability to offer targeted and more personalized promotions to consumers as a means of acquiring new business and driving increased sales."

 

Does this mean I'm going to start getting targeted ads from Honey now? That's how it reads to me. I'm not a fan of this development

 

 

[TigerHawk]

Welp.... 

[Haaselh0ff]

4 billion? Jeez was Honey really that popular?

[Belgarathian]

4 billion. Holy hell.

[Flying Sausages]

Hello ads in Honey.

[Nexxt]

I'd sell out for 4 billion, gotta be honest. 200 employes, 20 mil each, No problem.

[zeldatp151]

5 minutes ago, Stru said:

I'd sell out for 4 billion, gotta be honest. 200 employes, 20 mil each, No problem.

I think you math is a bit off, 200 employes, 198 keep their job, 2 get 2 billion each.

[SpaceGhostC2C]

31 minutes ago, zeldatp151 said:

Does this mean I'm going to start getting targeted ads from Honey now? That's how it reads to me. I'm not a fan of this development

 

 

More like targeted discounts. Or "discounts".

[ZacoAttaco]

This is what always happens nowadays. Businesses aren't given the time to develop on their own, they're bought out too quickly and their original vision changes. We'll see what happens.

[Fetzie]

So much for the "Honey doesn't sell your data, they make their profit from commissions on sales made" talking point, I guess.

[Bryan-10EC]

2 minutes ago, Fetzie said:

So much for the "Honey doesn't sell your data, they make their profit from commissions on sales made" talking point, I guess.

They /didn't/ sell your data.

New owner, new rules.

Does this mean Linus is now working for Paypal?

[CTR640]

Sure why not. I do like to see ads about honey because I like honey.

[Arika]

I hate that i've become desensitized to money, I look at things like this and go "yeah that's about right for a business transaction". But stepping back...WTF $4Billion???

[Bryan-10EC]

3 minutes ago, Arika S said:

I hate that i've become desensitized to money, I look at things like this and go "yeah that's about right for a business transaction". But stepping back...WTF $4Billion???

Paypal is worth 102 billion.

Speculation:

Maybe they think they can link Paypal to Honey accounts and get a big chunk of Honey users paying with Paypal?

That.. could make them some money while also data mining since Paypal never promised any such data protection on their end.

[S w a t s o n]

Annnnd it's gone (uninstalled)

[jiyeon]

Maybe it's time I pick up Honey, I'm an avid user of PayPal for all of my transactions so it might only be right to use Honey now. Never properly used it up until now because most of the sites I shop on minus Amazon don't have any discount codes anywhere.

[TechyBen]

I said it before, and I'll say it again.

 

The Linus Effect.

[WereCatf]

Eh, never understood the point with Honey anyways. It's got this distinct smell of an elaborate scam to it.

[rcmaehl]

Potentially Automatic coupons when paying with paypal now?

[williamcll]

I'll see if they change policies before I uninstall.

[TempestCatto]

Anytime I use Paypal, specifically with Ebay, somehow my information gets stolen and someone (usually from Russia) buys shit with my Paypal. Then sometimes my Ebay account gets hijacked and I get locked out. Ebay has my account disabled at the moment, so it's "safe" and quite frankly, I don't feel like trying to get it back. I'm done with both of those fucked up services. So I hope I don't have to delete my Honey account and uninstall it.

 

Fucking hell EVERYONE keeps getting bought out? What's next, LMG getting bought out by DHX?

[Brooksie359]

1 hour ago, TechyBen said:

I said it before, and I'll say it again.

 

The Linus Effect.

There probably is a group of businesses that just watch linus just for ideas in what companies to buy. 

[SpaceGhostC2C]

3 hours ago, TempestCatto said:

Anytime I use Paypal, specifically with Ebay, somehow my information gets stolen and someone (usually from Russia) buys shit with my Paypal. Then sometimes my Ebay account gets hijacked and I get locked out.

It sounds like your computer, phone, or whatever you are making your payments from is infected with some kind of key logger or malware. 

[ARikozuM]

Please insert your preferred dystopian future on the dotted line.

 

...................

[amdorintel]

4 hours ago, zeldatp151 said:

24 million merchant partners

is that like everyone who has a paypal account who sells stuff on ebay and such?