Expedia and Trip Advisor both cited a decrease in Google search results rankings as a reason for their gloomy earnings reports. Alex talks about how Google is unfairly tweaking their search algorithm to favor their own products and forcing competitors to spend massively on ads.
This is an excerpt from episode 45 of Winner Take All. Watch the full episode here: youtu.be/adiLIoB6yFM
Expedia, TripAdvisor fall more than 20% after blaming poor earnings on decrease in Google search results: www.cnbc.com/2019/11/07/expedia-and-tripadvisor-stocks-tank-after-poor-third-quarter-earnings.html
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