Tripadvisor, Inc.

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Investigation Details

On May 9, 2024, the Company hosted its quarterly earnings call. During the call, management guided toward earnings and revenue substantially below what had been previously anticipated. The Company cited changes to Google’s search algorithm and challenging comparisons to prior quarters. However, analysts suggested the guidance indicated structural problems within Tripadvisor which exist pre-Covid.

Following the earnings call, TRIP shares fell $7.32, or 28.7% overnight.