Honey is owned by PayPal (the United States, NASDAQ: PYPL), which acquired the brand on 6 January 2020 for $4 billion.[1][2][3] Honey was founded in 2012 in Los Angeles, California and was independent until 2020.
Honey is a browser extension that hunts for discount codes at checkout. PayPal acquired it in 2020 for about $4 billion, and it drew criticism in 2024 over how it handled affiliate commissions that would otherwise have gone to the creators promoting it.
What PayPal's annual report says about Honey
Sentences about Honey from PayPal's latest annual filing[1], copied word for word.
These factors favorably impacting revenues from other value added services were partially offset by a decline of approximately $110 million from lower revenues from Honey and interest earned on certain assets underlying customer account balances resulting from lower interest rates.
How often PayPal names Honey in its annual report
A plain count of the times the name appears in the text of each annual report, not counting the start of a sentence. A brand that an owner writes about more is usually one it treats as central.
PayPal is a publicly listed company headquartered in San Jose, California, United States, founded in 1998. Brandtree records 4 brands under its control, and it is listed as NASDAQ: PYPL.
PayPal grew out of a 2000 merger between Confinity and Elon Musk's X.com, was bought by eBay in 2002, and was spun back out as a separate company in 2015. Its early employees went on to found or fund a striking share of the companies that followed, a group the press calls the PayPal Mafia.
Brandtree records a controlling owner for 2,549 brands that began in the United States.
478 of them (19%) are now controlled by a company headquartered in another country; Honey is not one of them.
PayPal acquired Honey Science Corporation for total consideration of about $4.0 billion, roughly $3.6 billion in cash plus $400 million in assumed restricted stock, restricted stock units and options. It was PayPal's only acquisition completed in 2020 and its largest to that point, bought to push the company beyond the checkout button and into the part of shopping that happens before it.
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