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https://news.ycombinator.com/item?id=42484410 https://news.ycombinator.com/item?id=42484410 https://news.ycombinator.com/item?id=21591466 https://news.ycombina

• gamblor956 2y ago
  My comments were from 2019. Paypal acquired Honey in 2020, and MegaLag's "expose" is for their alleged post-acquisition business practices. I make no claims that their business model remained the same after the acquisition. But on that note: Paypal's acquisition of Honey was vetted by multiple law firms and by regulators in the U.S. and Europe, and even scrutinized by shortsellers. Nobody found anything wrong with Honey's business model or any serious legal risks with what they were doing. Another public company, Rakuten, has since launched a competitor to Honey with the same business model (and some of the same personnel). Seriously. If Honey was doing something wrong, at the very least the shortsellers would be all over this because they'd be making a killing. This morning, Paypal's stock barely budged (and has actually gone up after-hours now that the market has had time to review MegaLag's "expose"). That should speak volumes to anyone with common sense.