TripAdvisor Officially Spins Off As A $4 Billion Valued Company
Expedia has successfully spun off TripAdvisor.com as its own public company. TripAdvisor.com is currently trading on the stock market with the ticker symbol TRIP. Currently TripAdvisor has a market cap of about $4 billion.
“This is a truly exciting time for TripAdvisor, and we are eager to continue to innovate on behalf of our users and grow the business as we enter this next chapter,” stated TripAdvisor co-founder and CEO Stephen Kaufer.
TripAdvisor launched in 2000 and receives 65 million monthly visitors. These visitors browse through the 50 million hotel, restaurant, and travel reviews on the website. About 25 new contributions are being made per minute. In the third quarter of this year, TripAdvisor reported revenues of $180 million.
Expedia is currently has a market cap of $7.4 billion on the stock market.@amitchowdhry or on Google+ at +AmitChowdhry