Hijacking this for visibility.I had this idea before Honey. When we spoke to our attorney, he instantly told us "that won't fly; you'll get popped for cookie stuffing."
The adware world had been doing similar things forever - injecting fake results into Google, taking over default home pages to show Google look-alikes.
When Honey launched on Reddit and got their first user bump, I started building our prototype. While digging deeper, you discover Honey injects JavaScript from their API, which violates extension store TOS, yet somehow this flies.
Fast forward, they hire the CEO of Commission Junction (CJ) as their CFO and everything becomes gravy.
Try to get offers via CJ, you won't get a response. All affiliate networks (CJ, Rakuten/LinkShare, etc.) have "stand down" policies in their contracts. You're supposed to detect when someone takes action like clicking a coupon site link and "stand down." Honey never did this. We had to demonstrate it was happening, but bring it up to CJ and they won't care.
It's regulatory capture of a borderline illegal business.
All cited studies came from RetailMeNot (since taken down). They claim customers abandon carts for coupons. Sure, some do, but those people will probably convert anyway.
Today, coupons are dying. We're in the world of personalized offers. Most coupon codes don't exist anymore - they're offer links. These systems try to "find you a coupon" which isn't real.
You're not supposed to share personalized coupons. These systems capture your coupons and add them to their list, but they almost never work.
I'd never try this business again. It's dishonest and terrible.
Fun fact: Much of this goes back to adware/search XML feeds from parking pages. IAC had a division called Mindspark Interactive Network (recently closed) - their adware division generating insane profit through Pay-Per-Download scam browser extensions tricking your grandfather, hijacking affiliate link clicks, same playbook.
The affiliate networks don't care as long as referrers look like they match approved pages.
This industry needs to die.