😡Google Giveth and Google Taketh Away + Democratizing Ecommerce
Expedia ($EXPE), Wayfair ($W), Match Group ($MTCH).
| Nov 18 |
📈STOCKS TO WATCH
Expedia ($EXPE) ▪ OTA (online travel agent) ▪ $13.9 billion mkt. cap
Brief:
Expedia and its rival TripAdvisor reported disappointing quarterly earnings on Wednesday. Shares of both companies fell more than 20% Thursday. Both blamed changes in Google’s algorithm that made their hotel listings less visible. Per the WSJ.