A 3D printed people's models are seen in front of a displayed Airbnb logo in this illustration taken, June 8, 2016. REUTERS/Dado Ruvic/Illustration
NEW YORK: Online travel booking sites Priceline Group and TripAdvisor took a beating from investors on Nov 7, highlighting how the companies' once industry-disrupting model is under growing pressure from other competitors.
Shares of TripAdvisor fell 23% on Nov 7, while shares in Priceline declined 13.5%. Rival Expedia Inc's shares skidded another 2.74% and are down 19% since Oct 26, the day before the company reported weaker-than-expected third quarter results.
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