Why Expedia Stock Dropped Like a Rock Today

Shares of travel bookings platform Expedia Group (EXPE -18.85%) dropped on Friday after the company reported financial results for the fourth quarter of 2023. In reality, the numbers were pretty good, but a surprise change of CEO cast a shadow over the financial results. As of 11:30 a.m. ET, Expedia stock was down 19%.Expedia's record yearExpedia generates revenue in several ways, including processing travel bookings, earning commissions, and advertising. In 2023, the company generated record revenue of $12 ...