Expedia Sees a Fall in Profits as the Company Invests in Technology

Amazon.com was recently in the news for dipping into profits in order to invest in technology. One other big company has recently been reported as doing it as well. Expedia, the gigantic Bellevue online travel agency, stated today that its operating income slumped 9% during the first quarter of 2011. The reason, according to Expedia, as that it invested in “next generation technology” as well as international operations. . . . → Read More: Expedia Sees a Fall in Profits as the Company Invests in Technology