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Expedia's stock is up 13% since Gorin took over as CEO, outperforming the S&P 500's 1.8% gain. Three times each week, I field insight-filled conversations with the biggest names in business and ...
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In February 2020, Expedia announced it was cutting 3,000 jobs, roughly 12% of the workforce, citing a "disappointing 2019." Diller, in his role as acting CEO, stated the company had become "sclerotic and bloated" and that employees were "all life and no work." [14] In April 2020, Peter Kern was appointed as CEO of Expedia Group.
Hotels.com was established in 1991 by David Litman and Robert Diener as the Hotel Reservations Network (HRN), providing hotel booking via a toll-free phone number in the United States. [2] In 2001, the company was acquired by USA Networks Inc (USAI) which also acquired a controlling interest in Expedia, an online travel booking company.
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