- American City Business Journals•16 hours ago
Brian Sharples is stepping down as CEO of HomeAway Inc. after helping to start the Austin-based vacation rental company in 2005 and leading it through an initial public offering and, most recently, its acquisition by Expedia Inc. Sharples will shift over to the chairman's role through January 2017 while John Kim, a longtime executive for Seattle-based Expedia, will take over HomeAway as president, according to a regulatory filing . “While it’s never easy to hand over the reins of something you built, I believe now is the right time to empower the next generation of leadership as we continue the hard work of transitioning to an online transaction model,” Sharples said in a statement.
The Twitter takeover frenzy is spreading, and it’s causing investors to overpay for Internet stocks. On Tuesday, shares of Yelp (YELP), TripAdvisor (TRIP), Expedia (EXPE), and GrubHub (GRUB) were all jumping, without any business rationale. It seems that investors are bidding up the stocks on the idea that the companies could become the next acquisition targets, after a (hoped-for) Twitter deal (TWTR).
Expedia Inc. (EXPE)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
|Bid||115.50 x 300|
|Ask||116.49 x 300|
|Day's Range||113.14 - 116.08|
|52wk Range||88.40 - 140.51|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||86.05|
|Avg Vol (3m)||2,010,475|
|Dividend & Yield||1.04 (0.95%)|