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

#1

Post by i0exception » Wed, Nov 20, 2019, 9:22 PM UTC

Re: PayPal to acquire shopping and rewards platform Honey for $4B

#2

Post by chanchar » Wed, Nov 20, 2019, 9:46 PM UTC

Can someone with a better understanding of Honey's business explain why it's worth $4B?

#3

Post by undefined3840 » Wed, Nov 20, 2019, 9:52 PM UTC

That might be one of the best exits you could hope for as a founder or startup employee. Very little money raised to get to that valuation.

#4

Post by sarcasmatwork » Wed, Nov 20, 2019, 9:54 PM UTC

I'm more amazed people still use Paypal in today's society.

#5

Post by twostorytower » Wed, Nov 20, 2019, 10:01 PM UTC

chanchar wrote: post #2

Can someone with a better understanding of Honey's business explain why it's worth $4B?

Over 300 employees AND profitable. How many other startups have achieved that?

#6

Post by windsurfer » Wed, Nov 20, 2019, 10:15 PM UTC

sarcasmatwork wrote: post #4

I'm more amazed people still use Paypal in today's society.

It's often the only choice.

#7

Post by hello_1234 » Wed, Nov 20, 2019, 10:15 PM UTC

Honey sponsors a lot of youtube personalities. I remember Mr Beast talking about them. Seems like it paid off.

#8

Post by devicetray0 » Wed, Nov 20, 2019, 10:15 PM UTC

Pertinent data points from the article:

> $4 billion, mostly cash

> 17 million monthly active users

> 350 employees

> profitable on a net income basis, 2018

> raised $49 million from investors

#9

Post by hello_1234 » Wed, Nov 20, 2019, 10:18 PM UTC

sarcasmatwork wrote: post #4

I'm more amazed people still use Paypal in today's society.

Venmo, owned by paypal, is very popular in the US. People use to split expenses among friends.

#10

Post by foobaw » Wed, Nov 20, 2019, 10:23 PM UTC

How rich will this make Honey employees? Especially the early ones?