Marketplace®

Daily business news and economic stories

PayPal makes huge bet on deal-hungry shoppers

The purchase of Honey Science Corp. for about $4 billion will provide customer behavior insights earlier in the shopping process.

The PayPal headquarters in San Jose, California, in 2018.
The PayPal headquarters in San Jose, California, in 2018.
Justin Sullivan/Getty Images

PayPal announced its largest yet acquisition on Wednesday, a planned purchase of Honey Science Corp. for about $4 billion. Honey makes an app and web browser extensions to help customers shop for better deals online. That also helps Honey gather data about how people shop. Honey says it has more than 17 million members worldwide, and for PayPal, the purchase will provide insights into customer behavior earlier in the shopping process.

Click the audio player above to hear the full story.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    3 hours ago
    25:13
  • Make Me Smart
    9 hours ago
    21:16
  • Marketplace Morning Report
    11 hours ago
    6:56
  • Marketplace Tech
    16 hours ago
    11:23
  • This Is Uncomfortable
    2 days ago
    4:41
  • Million Bazillion
    a month ago
    32:45