PETITION

Paypal Inc. ($PYPL) made a big splash this week when it agreed to a $4b cash and stock acquisition of Honey, an LA-based deal-finding browser extension and mobile app. Yes, $4 BILLION. The company had only raised $49mm in funding soooooo…a lot of people just made one crazy return on investment.

Speaking of crazy, the company reportedly made “more than $100 million in revenue last year and it was profitable on a net income basis in 2018.” Profitably for a startup these days is crazy enough, we suppose, but THAT MULTIPLE. Holy

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