Dara Khosrowshahi's likely exit major loss for Expedia


  • TECH
  • Tuesday, 29 Aug 2017

Khosrowshahi's departure would come at a crucial time for Expedia, which spent much of 2016 integrating its acquisitions of rival Orbitz Worldwide Inc and vacation rental site HomeAway Inc.

Shares of Expedia Inc fell on Monday after reports that the online travel firm's long-time chief executive, Dara Khosrowshahi, is likely to head Uber Technologies, triggering concerns his exit might hurt the company's growth. 

Expedia's stock dropped as much as 5.4%, recording its biggest intraday percentage loss in more than one year.

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