Expedia’s Shares Tumble by 15% As It Reports Fewer Bookings

Expedia loses money due to COVID-19.

Source: Depositphotos | Author: DeltaStock

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The price per share fell after the online travel company announced its weaker-than-usual earnings release for its first quarter of 2020. Expedia executives, however, remain optimistic, stating that they have observed higher booking activity in recent weeks and are hard at work coming up with new ways of promoting the business beyond investing in Google Ads campaigns.

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