It makes sense for Uber to enter the credit card and loyalty arena. This card could be a solid alternative for frequent travelers who don't want to shell out a large annual fee.
Our team of experts at Skift can talk Expedia news with the best — in fact, they are the best. Tune in for insight on Expedia's history and future under new leadership.
Khosrowshahi's financial acumen will be crucial to Uber's turnaround, especially after just giving Uber an 18- to 26-month window to go public. The first step is to find a way to become profitable.
This week's digital news was off the charts: Expedia's CEO left for Uber and was replaced by Mark Okerstrom. On Thursday September 7, our expert journalists and researchers will break it down for you in a conference call. When you're done reading about the Expedia-Uber shakeup, we also analyzed Ctrip's earnings and Kayak's layoffs.
For all the chaos earlier this week, it seems like Barry Diller and the Expedia Inc. board of directors have ensured an orderly transition into a new era for the online travel giant.
Suddenly former Expedia CEO Dara Khosrowshahi walks away from substantial unvested compensation. Becoming CEO of Uber may have been a once in a lifetime opportunity for Khosrowshahi, but we expect that Uber had to compensate him for his treasure trove of unvested options to pry him away.
There is only one vote that mattered in Expedia's abbreviated CEO search — Barry Diller's. And he wholeheartedly wanted Okerstrom for the job. No need to mess around with an interim title or to conduct the dog and pony show of a CEO search. It was a done deal. Now Okerstrom has to step up to the challenge.
What would make Expedia obsolete and cause Khosrowshahi to leave? Expedia's apparently outgoing CEO answered that question for us last year and talked about big technology trends a few years in the offing. But is he bolting because he thinks Expedia's best days are behind it?