That hotel room you booked in Cabo may have just helped pay for office space in Bellevue. Expedia has released its financial results for the first quarter of 2012. And perhaps in an indication of how the broader travel industry is recovering from the depths of the recession, the Bellevue-based company highlighted that room nights booked… Read More…
Shares of Expedia fell more than seven percent in after hours trading after the Bellevue online travel company reported fourth-quarter and year-end results that disappointed Wall Street. Marketing, administrative and technology expenses all rose during the fourth quarter, a period in which Expedia spun off its TripAdvisor unit into a separate company. Selling and marketing… Read More…
Steve Ballmer was right. It’s all about developers, developers, developers these days. In fact, the market is so hot that companies like Amazon.com, Twitter and Facebook are doing “acqui-hires” — like the one today of TeachStreet — just to gobble up key engineering talent. But that’s not really the norm, and most tech companies are… Read More…
The battle over online real estate listings is starting to heat up again. Jim Abbott, president of the Abbott Realty Group and a 20-year real estate veteran in San Diego, recently announced plans to pull listings from Trulia, Realtor.com, Zillow and other online real estate sites. In a YouTube video announcing the plan (posted below),… Read More…
Scott Durchslag has resigned as president of Expedia Worldwide after just 13 months on the job. Durchslag previously worked as chief operating officer of Skype and corporate vice president at Motorola. The departure from the online travel giant is somewhat surprising in part because Durchslag just last month was an active participant in Expedia’s media day…. Read More…
It was a tough year for most of the publicly-traded tech companies in Washington state, with just a handful posting positive overall stock performance. Even tech titans like Amazon.com, Microsoft and F5 Networks shed value in 2011, marking an overall negative year on the Nasdaq. In fact, the tech-heavy Nasdaq dropped 1.8 percent during 2011,… Read More…
One of the big fears over Google’s purchase earlier this year of ITA Software was that the search giant would favor its own travel search results when consumers were looking to purchase tickets. Now, that fear is becoming a reality. According to a report in The Wall Street Journal today, Google is now showcasing its… Read More…
After months of preparation, Expedia is finally waving goodbye to TripAdvisor. The companies announced today that they’ve successfully split operations, with TripAdvisor becoming an independent publicly-traded company on the Nasdaq under the ticker symbol TRIP. “This is a truly exciting time for TripAdvisor, and we are eager to continue to innovate on behalf of our… Read More…
Maybe it’s because of the growing obesity problem in the U.S. Or, perhaps, cubicle-bound techies just want to spend their free time thinking about ways to get healthier. Whatever the reason, I’ve seen a huge boom in startup ideas in what’s best described as the “health 2.0″ space this year. On Monday, for example, I… Read More…
Expedia shareholders have approved the spin-off of TripAdvisor, the online travel review site. The deal — expected to occur on December 20th — will be preceded by a one-for-two reverse stock split of Expedia stock immediately prior to the spin-off. TripAdvisor, which will be based in Newton, Massachusetts, is expected to begin trading on the… Read More…
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