Expedia (EXPE) and Airbnb are being sued for patent infringement in federal court in the Easter District of Texas by a tech company called Encoditech. Encoditech is accusing both firms of illegally infringing on the “encryption technologies” claimed in the patent. The patent in question was granted in 2001 and originally filed by a Colorado man, Sherman Gavette. It is aimed at providing an “approach to wireless communications” between two base
Expedia (EXPE) and Priceline (PCLN) continue to take different approaches in handling the competitive threat from Airbnb, says RBC Capital Markets analyst Mark Mahaney. While Expedia executives continue to describe Airbnb’s impact as “immaterial” — though less than a week later announcing an agreement to acquire Airbnb home-rental competitor HomeAway (AWAY) — Priceline has been willing to acknowledge the potential impact to online travel agency
Expedia (EXPE), Priceline (PCLN) and other travel stocks were down in afternoon trading today in the wake of the terrorist attacks in Paris on Friday. “There’s always an immediate kind of knee-jerk reaction in the market,” said Douglas Quinby, an analyst at travel market research company Phocuswright. “This is a short-term blip. A lot of these things you have to look long-term and strategically about these things. These are short-term blips, and