Tripadvisor Inc. can move its incorporation from Delaware to Nevada, a judge said Tuesday, but shareholders will be allowed to seek damages from the move.
Shares of Tripadvisor TRIP rose late Wednesday as the company's revenue and profit in the fourth quarter topped expectations despite the company's core brand stagnating.
NEEDHAM, Mass. , Feb. 14, 2024 /PRNewswire/ -- Tripadvisor, Inc. (NASDAQ: TRIP) issued its fourth quarter and full year 2023 earnings press release which is available now at ir.tripadvisor.com.
Today's session has been relatively volatile, with a number of key winners and losers seeing outsized movements this afternoon. One of the biggest winners to the upside today is TripAdvisor (NASDAQ: TRIP ), which has surged well over 10% to as high as $26.66 per share today.
TripAdvisor issued a press release, saying it was considering offers to buy the company. The buyer would be Liberty Tripadvisor, which effectively has majority voting control.
Tripadvisor Inc (NASDAQ:TRIP), the review website, saw shares rally around 13% on Tuesday after reports revealed it was considering a possible sale. A special committee has been formed at the online travel agency to analyse proposals, some of which are believed could result in a sale.
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