businessneutral
Uber's Big Travel Move: Talking About Buying Expedia
Expedia HQ, Seattle, USAThursday, October 17, 2024
Uber's CEO, Dara Khosrowshahi, knows Expedia well - he used to be their boss! In fact, he's still on their board. Expedia is a big deal, with websites like Hotels.com and Vrbo under its belt. They made a massive $28.8 billion in bookings in just one quarter!
Experts think this could be a big win for Uber. Dan Ives from Wedbush Securities says it's like a "major strategic home run." He thinks Uber is looking for new ways to make money and this could be a step towards becoming a "super app."
The news got Expedia's shares jumping, up by more than 6% on Thursday. But Uber didn't have much to say about it all when asked.
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