TripAdvisor CEO: Expedia once more bidding strongly


In addition to making downbeat comments about TripAdvisor's (TRIP -8.5%) summer performance, CEO Steve Kaufer stated Expedia (EXPE -1%) is once more ramping its ad bidding activity on the site, following a Q2 slowdown.

Expedia took a conservative bidding approach on TripAdvisor in Q2, which in turn took a toll on sales and contributed to Priceline's (PCLN -1%) share gains.

Deutsche recently reported Expedia regained share from Priceline on TripAdvisor in July.

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