Tech giant PayPal accused of fraud over Honey online-shopping coupon finder
Online influencers who make money off promoting products online are getting played by one of Silicon Valley’s iconic technology companies, a new lawsuit claims.
“It involves almost every high-profile creator that I can think of, including myself,” tech influencer Marques Brownlee, who has almost 20 million subscribers on YouTube, said in a video this week.
San Jose tech giant PayPal uses “deceitful and clandestine” methods to steal money from social media influencers and other creators of online content, the class-action lawsuit filed Thursday in San Jose U.S. District Court by five online-content companies representing influencers alleged.
Thousands of content creators allegedly have fallen victim to what the lawsuit described as “fraudulent business practices” involving the diversion of millions of dollars in creators’ commissions to PayPal.
At issue is PayPal’s free Honey internet-search browser extension that the company claims will scour the web for the best discount coupons and apply them to online purchases. Google’s Chrome web store shows Honey has 17 million users.