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I am amazed. In fact, I still remember when someone told me in 2011'ish that they are worth ~30b$; I had the same reaction. Does anyone know how they justify t
by hatred 9y ago
I am amazed. In fact, I still remember when someone told me in 2011'ish that they are worth ~30b$; I had the same reaction.
Does anyone know how they justify their valuation? Is it mostly by acquiring other smaller companies (Kayak etc.) and who are the other big competitors to Priceline?
- Danihan 9y agoShit, I didn't know they bought Kayak.
- giarc 9y agoThe big competitor is Expedia. Who owns Hotels.com, Hotwire.com, trivago, Venere.com, Travelocity, Orbitz, and HomeAway. I think the value of these two companies is that people load up a few of these sites thinking they are price shopping but in the end the money goes to the same pot. Priceline is the same.
- hn_throwaway_99 9y agoThe main reason for Priceline's valuation is Booking.com. A lot of people tend to think of Priceline as "that name your price airfare site", but it is really Booking.com that is responsible for the lion's share of their valuation.