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Ill wind blowing for travel sites?
IAC Losses May Bode Ill for Travel Sites
17 Feb 2005
E-commerce giant IAC blamed its $49 million quarterly loss on performance of its travel sites, which include Hotels.com and Expedia. Dismissing the results as temporary setbacks, IAC intends to go ahead with plans to split up its diverse e-commerce holdings into two different companies, one focusing [...]