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...And who's down

Snacks / Monday, November 25, 2019

Honey wants every second to be Black Friday... The startup that harvests online shopping promo codes for you was just acquired by PayPal for $4B (the biggest LA-based tech company to get acquired). It feels like Honey's service is boderline illegal, saving online shoppers $2B since it launched. But it's both legal and profitable — and PayPal wants Honey to help its 300M users buy more online. One problem: Investors (ironically) think PayPal overpaid, so they downgraded PayPal stock after the $4B splurge.

Looks like RoboCop and a steak knife had a baby... Tesla's new trapezoid-inspired pickup truck goes by Cybertruck, starts at $39.9K, and was designed (how do we put this?) from scratch. Tesla shares fell 6% the day after the announcement because investors are concerned the unothodox look won't sell. But in just 3 days since the Thursday night freaky unveil, Cybertruck has already snagged 200K pre-orders (fully-refundable $100 deposits) and most are for its more expensive options.

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