Pretty much sums up TH-cam users now adays. Why support a small creator who is doing all the work when you can just watch someone who sums up someone else's video with zero effort. No wonder small creators don't bother anymore.
Good summary. They scammed the buyers in not getting the best deal. They scammed the affiliates in stealing their links. They scammed the sellers in making them pay to share the lowest coupon deals....and they created a reputation issue for affiliates not generating enough sales.
thanks, I needed a short version. I tried using honey years back but realised quickly it barely offered me any coupons, so I deleted it. I too wondered how they were making their money, I just assumed it was siphoning data. But this is even worse
Thank you! I was curious but not curious enough to watch even a 10 minute video. I thought even the beginning of this video could have been culled off, but I suppose people new to youtube could find it useful.
That they would lie about finding the absolute best deals and instead limit themselves to their own deals promoting certain companies is no suprise, it is something I would absolutely expect them to do, therefore would never use such extension or would be fully aware of this probability if I would have and chose to play along.
Okay, so did nobody think to question whether or not the affiliate links themselves are how the sponsored creators were paid? Did anybody consider that maybe Honey pays their sponsored creators per referral instead of paying them the entire commission? It seems that Honey’s business model is basically affiliate link farming, and they pay creators to help them do that. That’s how they can provide the service for free. It wouldn’t make sense for the creators to keep 100% of the affiliate money, because then Honey wouldn’t make any money. This has been overblown to epic proportions by everybody. Wow. **the second part is shady though, I will admit, but it’s owned by PayPal so I’m not surprised
So if Honey didn't take the affiliate link money, it would have been a affiliate link seeker automation extension thingy. But Honey decided they just fuck over these affiliate link owners and just take the cash. That's where the scamming happened. It's not scamming the buyers, rather they're scamming the affiliate link owners.
I run a fairly good-sized e-commerce business and am very familiar with affiliate marketing, and these cash-back/rewards programs like Honey. Honey is actually competing with the influencers that they advertised with, it's just that the influencers didn't realize it because they didn't understand how clicks on the plug-in on an e-commerce site would redirect last-click attribution from the influencer to Honey. I don't know if that's a scam, but it seems dishonest at the least. However, Honey is, in fact, scamming its members (shoppers who use their plug-in) because they're promising to find the best coupons for them, while at the same time signing up e-commerce stores to pay them affiliate fees by promising them they can LIMIT the coupon codes that they'll make available to members.
Thank you for making this. I don't think I will join you on your mission to make fake gurus homeless, but if you had a second channel for 3 minute TLDR explainers for things like this, I'd likely subscribe to that.
Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
They start by offering an amazing service packed with value, often at a loss, to grow quickly and dominate the market. But once they’ve secured a monopoly or significant influence, the mask comes off. That’s when the shady and unethical practices begin-like hiking prices, cutting out employees who built their success, and, in Honey’s case, using stealthy tactics to exploit creators and end-users. The truth is, that users were never the real customers. Their loyalty was just a stepping stone. The real focus? Keeping investors and partners happy at everyone else’s expense.
They started with the shady stuff. They just kept it well hidden. They got money from stores that you could use coupons on by saying "if you pay us, we won't show coupons for your store", they got money from youtuber's referrals and got their main users to pay more by hiding coupons. They scammed literally everyone involved lmao.
They got investigated by a government entity and got off scott-free by saying "nah, that's old" Normal when you consider it is by the owners of paypal and that paypal already tried to scamed costumers in the past
I’m stupid but also smart. Stupid: I thought this was about honey the food item Smart: browser extensions are stupid and if it doesn’t make sense, it’s a scam. Someone has to make money, and if it’s not you, then you’re the one paying for it.
Thanks. What I don’t understand is why are people complaining about this calling it a scam? Sure the affiliate link thing is sad, but even if we don’t get the best coupon, we still get a coupon, it’s not like there are easy ways to find the exact best coupon for every purchase. Honey still saves you money and is a good tool for consumers, this is a fact.
- Stores that paid honey would get to choose which coupons it would show you. - Honey assured in EVERY ad that they would get you the BEST coupons, and that if they didn't find any, they didn't exist. So you where very unlikely to double check if honey refused to show them. - The way it modifies cookies secretly is literally catalogued as a kind of malware.
This video does leave out some extra details. Like the fact that LinuxTechTips learned of the scam and quietly dropped the sponsor without telling anyone of the scam. Including its users (which may still see Honey promoted in other Linux videos)
Thank you, just came from the vid of markiplier predicting the scandal
Same bro
I think he used the eye of agamotto
Brooo lmao same 😂
Same 😂😂
SAME!
Thanks, I kept seeing this topic pop up, but didn't feel like investing the time to watch someone rant about it. This sums it up clearly and quickly.
Pretty much sums up TH-cam users now adays. Why support a small creator who is doing all the work when you can just watch someone who sums up someone else's video with zero effort. No wonder small creators don't bother anymore.
TLDR for people with no time: honey took affiliate money from the people promoting it and limited coupon potential for buyers.
Gow little time can one have ? XD
Can you give a tldr on yhe tldr, im short on time
@@hpfusion8842 honey scammed youtubers and hid coupons on purpose.
@@hpfusion8842withheld good coupons & sponsors' payments
@@hpfusion8842 TLDR: honey stole money
Good summary. They scammed the buyers in not getting the best deal. They scammed the affiliates in stealing their links. They scammed the sellers in making them pay to share the lowest coupon deals....and they created a reputation issue for affiliates not generating enough sales.
TH-camrs usually just scam their viewers so its nice for once to see them finally play themselves 😂😂😂
You are clearly a disgruntled employee of the mega corporation.
@ who isnt?
To be fair the TH-camrs had no clue and honestly at first it just genuinely seemed like a great app to help their fans as well
Dude definitely walked in on his girl getting railed by Bubba.
@furiousminer3555 Everbody is!! Shut up! 😂
High quality, short form video man. Well done, much appreciated.
thanks, I needed a short version. I tried using honey years back but realised quickly it barely offered me any coupons, so I deleted it. I too wondered how they were making their money, I just assumed it was siphoning data. But this is even worse
Yeah I wasn't impressed
this is a really good cliffnote video on it. they are diabolical for taking away commissions and pocketing it for themselves.
It's not just honey. It's everyone and I show this in my video. Maybe I should make another one explaining how we even got to this point
Thank you! I was curious but not curious enough to watch even a 10 minute video. I thought even the beginning of this video could have been culled off, but I suppose people new to youtube could find it useful.
Honey Scam Video Spark Notes. 👌🏼
Thank you for making this and just getting to the point. Love the clear and concise youtube videos, wish there were more like it
That they would lie about finding the absolute best deals and instead limit themselves to their own deals promoting certain companies is no suprise, it is something I would absolutely expect them to do, therefore would never use such extension or would be fully aware of this probability if I would have and chose to play along.
Yeah I was extremely disappointed by the lackluster "searching" Honey did for couponing
Okay, so did nobody think to question whether or not the affiliate links themselves are how the sponsored creators were paid? Did anybody consider that maybe Honey pays their sponsored creators per referral instead of paying them the entire commission? It seems that Honey’s business model is basically affiliate link farming, and they pay creators to help them do that. That’s how they can provide the service for free. It wouldn’t make sense for the creators to keep 100% of the affiliate money, because then Honey wouldn’t make any money.
This has been overblown to epic proportions by everybody. Wow.
**the second part is shady though, I will admit, but it’s owned by PayPal so I’m not surprised
So if Honey didn't take the affiliate link money, it would have been a affiliate link seeker automation extension thingy. But Honey decided they just fuck over these affiliate link owners and just take the cash.
That's where the scamming happened. It's not scamming the buyers, rather they're scamming the affiliate link owners.
I run a fairly good-sized e-commerce business and am very familiar with affiliate marketing, and these cash-back/rewards programs like Honey.
Honey is actually competing with the influencers that they advertised with, it's just that the influencers didn't realize it because they didn't understand how clicks on the plug-in on an e-commerce site would redirect last-click attribution from the influencer to Honey. I don't know if that's a scam, but it seems dishonest at the least. However, Honey is, in fact, scamming its members (shoppers who use their plug-in) because they're promising to find the best coupons for them, while at the same time signing up e-commerce stores to pay them affiliate fees by promising them they can LIMIT the coupon codes that they'll make available to members.
damn i thought people were talking about ACTUALLY honey
Video starts at 0:27. Crazy that a summary video has 20% of wasted time
Better than watching a 23 minute video that can be summarised in 2 mins
That math is crazier 💀
those 27 seconds of your life were not going to anything useful. also 15%, not 20
shut up bro😭
tiktok brain gah damn
Thank you for making this. I don't think I will join you on your mission to make fake gurus homeless, but if you had a second channel for 3 minute TLDR explainers for things like this, I'd likely subscribe to that.
These influencers deserves it
Its honestly genius. Im so impressed they got away with it for so long
Talk about a sticky situation
Actually great video and super informative!
Hope it gets more love
Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
thank you so much for the summary!
They start by offering an amazing service packed with value, often at a loss, to grow quickly and dominate the market.
But once they’ve secured a monopoly or significant influence, the mask comes off. That’s when the shady and unethical practices begin-like hiking prices, cutting out employees who built their success, and, in Honey’s case, using stealthy tactics to exploit creators and end-users.
The truth is, that users were never the real customers. Their loyalty was just a stepping stone. The real focus? Keeping investors and partners happy at everyone else’s expense.
They started with the shady stuff.
They just kept it well hidden.
They got money from stores that you could use coupons on by saying "if you pay us, we won't show coupons for your store", they got money from youtuber's referrals and got their main users to pay more by hiding coupons.
They scammed literally everyone involved lmao.
what's a good alternative? i've used honey for a few years and this news makes me want to drop them
HONEY IS A SCAM. DON'T BUY IT!
Wow you just stole MegaLag's thumbnail, smh. Make your own thumbnails dude.
He literally stole the whole video. Just made it easier to watch for the brain rotten kids
well, the first part isnt illegal. 2nd part prolly is, tho.
They got investigated by a government entity and got off scott-free by saying "nah, that's old"
Normal when you consider it is by the owners of paypal and that paypal already tried to scamed costumers in the past
Isnt this what fraud is?
Are there any better alternatives to honey
probably not and if there is another one that pops up it will also most likely be a scam.
Just google "coupons for X product"
honey scam adhd edition (i have adhd)
No one noticed… except for Markiplier
DUUUUUUUDE! You literally called out my reason for not watching those long ass videos and CLICKED your because of the short form.
You rock dude!
I’m stupid but also smart.
Stupid: I thought this was about honey the food item
Smart: browser extensions are stupid and if it doesn’t make sense, it’s a scam. Someone has to make money, and if it’s not you, then you’re the one paying for it.
Thanks bro didnt wanna spend 23 mins watching that
It’s 23 minutes😭😭😭
This is awful. But brilliant.
Damn, smart but harmful
Coulda been explained in 2 minutes
glad i never installed it then.
690 likes lol
This is hilariously bad
Ohhh, damn that’s smart
Thats exactly why i didnt watch it!
You read my mind, thank you for the vid
Thanks dude
HONEY IS A SCAM. DON'T BUY IT! OK
Thanks
Wild!
lmao thats a clever scam
Ok
Thanks man
23 minutes of technical talk, or 3 minutes of Laymen's terms
Thanks. What I don’t understand is why are people complaining about this calling it a scam? Sure the affiliate link thing is sad, but even if we don’t get the best coupon, we still get a coupon, it’s not like there are easy ways to find the exact best coupon for every purchase. Honey still saves you money and is a good tool for consumers, this is a fact.
- Stores that paid honey would get to choose which coupons it would show you.
- Honey assured in EVERY ad that they would get you the BEST coupons, and that if they didn't find any, they didn't exist. So you where very unlikely to double check if honey refused to show them.
- The way it modifies cookies secretly is literally catalogued as a kind of malware.
The original is 10 minutes, anyone who want s to know the situation should just watch it
Wdym only 10 minutes
no its 20+ minutes bro wut?
@@jakhend1657 Oh no a whole extra 10 minutes.
Thank you for saving me twenty minutes
This video does leave out some extra details.
Like the fact that LinuxTechTips learned of the scam and quietly dropped the sponsor without telling anyone of the scam. Including its users (which may still see Honey promoted in other Linux videos)
Thank you. I’m in Europe so haven’t heard of this until recently.
Markiplier guessed it hah!
th-cam.com/video/a0g66McD42k/w-d-xo.htmlsi=lXkwBrU-zTCOw_L5
HONEY IS A SCAM. DON'T BUY IT!
Thanks man
HONEY IS A SCAM. DON'T BUY IT!
HONEY IS A SCAM. DON'T BUY IT!
HONEY IS A SCAM. DON'T BUY IT!