Category: paypal

PayPal to acquire shopping and rewards platform Honey for $4B
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PayPal to acquire shopping and rewards platform Honey for $4B

PayPal announced today it has agreed to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4 billion, mostly cash. The acquisition, which is PayPal’s largest to date, will give the payments giant a foothold earlier in the customer’s shopping journey. Instead of only competing on the checkout page…

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PayPal Drops Pornhub and the Crypto Community Rises to Fill the Gap
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PayPal Drops Pornhub and the Crypto Community Rises to Fill the Gap

PayPal suspends services for Pornhub. Over a hundred thousand pornographic actors are now cut off. Cryptocurrencies could thrive as a censorship-resistant payment method. In a drastic move, PayPal suspended its services to the world’s largest free pornographic site, Pornhub. Although the reasoning behind it is unknown, this could be an opportunity to show the intrinsic…

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PayPal reports solid third-quarter results, with total payment volume growing 25%
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PayPal reports solid third-quarter results, with total payment volume growing 25%

PayPal reported third-quarter results today that were slightly ahead of analysts’ expectations, driven by an increase in total payment volume. The company’s quarterly revenue grew 19% year-over-year to $4.38 billion. Its GAAP net income was 39 cents per share, or $462 million, a 7% year-over-year increase. On a non-GAAP basis, net income was 61 cents…

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PayPal Considers Libra Exit, but it’s Business as Usual for Facebook
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PayPal Considers Libra Exit, but it’s Business as Usual for Facebook

The walls are all but crumbling down around Facebook’s embryonic ‘cryptocurrency’ venture, as PayPal allegedly considers calling quits on Libra. Libra Back(er)s Against the Wall First Visa, and MasterCard, and now PayPal. Things aren’t looking too rosy for Libra, as regulatory watchdogs continue to hound the project. Today, a fresh batch of conjecture is boiling…

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