Expedia CEO, CFO Resign Following Clash With Diller

The video discusses the impact of the CEO and CFO resignations on Expedia's stock, which surged over 6%. The board's disagreement with the previous leadership's strategy, particularly the focus on international hotel presence over VRBO, led to the leadership change. VRBO, a key revenue driver, faced growth challenges, prompting a strategic shift to compete with Airbnb. Barry Diller and the vice chairman will oversee the company until a new CEO is appointed, focusing on VRBO and alternative accommodations. The competitive landscape includes players like booking.com, and the future strategy will determine Expedia's direction.

What was the market reaction to the resignation of Expedia's CEO and CFO?

• The stock price remained stable

• The stock price decreased by 6%

• The stock price decreased by 30%

• The stock price increased by 6%

What was the main reason for the disagreement between Expedia's board and its former leadership?

• Focus on VRBO growth

• Focus on domestic hotel presence

• Focus on international hotel presence

• Focus on reducing costs

Which area did the board believe had more growth potential for Expedia?

• Domestic hotel presence

• International hotel presence

• VRBO and alternative accommodations

• Car rental services

Who is overseeing Expedia's strategy until a new CEO is found?

• The Chief Financial Officer

• Barry Diller and the vice chairman

• The former CEO

• The Chief Strategy Officer

What is the current percentage of Expedia's revenue attributed to VRBO?

• 13%

• 20%

• 10%

• 25%