PayPal spends some of it's higher fees on Honey

[ypdc_dennis]

Went to PayPal earlier this week and found PayPal advertising Honey as a new way to shop. So I did some searching and found that

Honey was bought by PayPal for $4 billion in 2019

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

[femmefan1946]

Interesting.

I was initially turned off by the photo of the founders, a couple of techbros in black tees, but then I saw this:

Honey was already profitable on a net income basis in 2018, PayPal notes. The acquisition is expected to close in the first quarter of 2020, subject to regulatory approval. It’s expected to be accretive to PayPal’s non-GAAP earnings per share in 2021.

and was mollified.

[bik43]

It's not for nothing that eBay is registered in Switzerland.

[ypdc_dennis]

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@bik43 wrote:

It's not for nothing that eBay is registered in Switzerland.

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And what does eBay have to do with PayPal's purchase of Honey?

eBay and PayPal split up almost 5 years ago.

[ypdc_dennis]

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@bik43 wrote:

It's not for nothing that eBay is registered in Switzerland.

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I'll also point how that eBay.CA is registered in Canada -- a reason Sellers have been charged sales tax (GST/HST/QST) on fees since July 2017.  Before that Switzerland was used as an excuse for no sales tax to be charged on fees.