Market Analysis
Uber Reportedly Considered Acquiring Expedia, Stocks React in Pre-Market
Uber reportedly explored a potential acquisition of Expedia, which could significantly expand its reach in the travel industry.
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BTC$62,475.00+0.38%
ETH$1,663.26+0.83%
USDT$0.9987-0.02%
USDC$0.9997-0.01%
XRP$1.09-1.41%
SOL$69.08+0.63%
TRX$0.3312+0.66%
FIGR_HELOC$1.03-0.15%
HYPE$62.30+0.01%
DOGE$0.0786-0.38%
USDS$0.9995-0.02%
RAIN$0.0159+0.82%
LEO$9.52-0.54%
ZEC$412.83-1.59%
XLM$0.1907-0.36%
Despite beating earnings expectations, Expedia's shares tumbled as gross bookings missed analyst projections.
Uber reportedly explored a potential acquisition of Expedia, which could significantly expand its reach in the travel industry.
Nvidia is rising despite chip delay concerns, Starbucks has gained a new activist investor, and Expedia is facing challenges from weak travel demand.
Expedia Group's shares fell in extended trading despite posting a beat on adjusted EPS, as gross bookings and operating income fell short of some analyst forecasts.