TripAdvisor Inc (TRIP.OQ) Key Developments

TripadvisorMILAN, July 14 (Reuters) – An Italian court has cancelled a superb in opposition to online travel company TripAdvisor for allegedly publishing deceptive information in its critiques, overturning an order by the nation’s competitors authority.

TripAdvisor, an internet site that gathers opinions of accommodations and restaurants from its users, was fined 500,000 euros ($550,450) final 12 months by the competition watchdog following an investigation into whether it took appropriate measures to avoid publishing false opinions whereas presenting them as genuine. TripAdvisor, which owns web sites equivalent to and , expanded its on the spot reserving function to nine more nations during the fourth quarter and mentioned it would be available world wide in the first half 2016. Analysts on common had been expecting an adjusted revenue of 52 cents per share and revenue of $436.3 million, in accordance with Thomson Reuters I/B/E/S.

In an emailed assertion on Tuesday, TripAdvisor stated … Read more