Expedia raises $3.2B to ride out pandemic, names new CEO and announces austerity measures

It’s not exactly a secret that the travel industry is in free fall right now as the pandemic has brought the industry to a screeching halt. With nobody moving, travel site Expedia announced that it has raised $3.2 billion to help ride this out. The deal consists of two separate tranches of cash with $1.2 […]

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