Briefing

As their shares tank, Expedia and TripAdvisor blame Google

Both online search companies’ third-quarter earnings missed analyst estimates. Expedia shares plummeted 27.39 per cent on the news—the company’s biggest single-day drop on record—while TripAdvisor’s fell 22.41 per cent. In conference calls, the CEOs of both companies pointed to Google’s role in stifling their search presence. (Bloomberg, MarketWatch)

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