When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains int

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. --- Warren Buffett Expedia makes money from advertising (12%), from bookings fees, and from buying blocks of hotel rooms at a discount then selling them for higher prices to their customers (66%). [1] All of these revenue models are something that is pretty obvious how you make money at. And all of them are very different than crowd-sourcing rides for which it is not clear that the market prices is higher than the cost of providing the ride. [1] https://www.fool.com/investing/2017/08/28/how-expedia-makes-most-of-its-money.aspx https://www.fool.com/investing/2017/08/28/how-expedia-makes-...