Email a copy of 'PayPal to Acquire Shopping Tool Developer Honey for $4 Billion' to a friend
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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Hope they didn’t just make a $4B mistake.
I joined Honey for a while–I felt it was intrusive and ate up time. I ditched it.
Does anyone see the significance of this? PayPal is moving in the direction of providing not only the payment service to buy the products, but also the products themselves. This initial plan seems to resemble Google Shopping’s model. I wonder if they’ll venture beyond that in the future — like, say, into the realm of the marketplace?
my jaw just dropped in total disbelief…$4 BILLION !!!!!
Mind boggling!!!! Capitalism in its most evil form.