Priceline now worth $100B • Hacker News Board

Re: Priceline now worth $100B

#11

Post by pbhjpbhj » Wed, Jul 26, 2017, 5:52 PM UTC

jdross wrote: post #6

jahnu wrote: post #3

As a European I find it amazing I hadn't even heard of this $100bn company till now.

Booking.com is part of Priceline group

UK here, heard of it, never heard anyone mention it nor seen anything of it in traditional media however.

Presumably they're a USA only company?

Re: Priceline now worth $100B

#12

Post by throwaway91111 » Wed, Jul 26, 2017, 5:52 PM UTC

guelo wrote: post #5

jahnu wrote: post #3

As a European I find it amazing I hadn't even heard of this $100bn company till now.

You've probably heard of Booking.com

Actually no. Why is it so popular? It seems to have fewer features than hipmunk....

Not to knock them, though, it's a hard problem to solve well from an interface and integrations perspective.

Re: Priceline now worth $100B

#13

Post by lobster_johnson » Wed, Jul 26, 2017, 5:53 PM UTC

jahnu wrote: post #3

As a European I find it amazing I hadn't even heard of this $100bn company till now.

Aside from Booking.com, they also own KAYAK, Cheapflights, Rentalcars.com and Open Table (the restaurant booking app).

Re: Priceline now worth $100B

#14

Post by mandeepj » Wed, Jul 26, 2017, 5:55 PM UTC

They should have split the stock way back like apple and google. Splitting have its own benefits. It would have added more value to their stock price.

Re: Priceline now worth $100B

#15

Post by Carolina_ » Wed, Jul 26, 2017, 5:56 PM UTC

pbhjpbhj wrote: post #11

jdross wrote: post #6

Earlier quoted context omitted.

Booking.com is part of Priceline group

UK here, heard of it, never heard anyone mention it nor seen anything of it in traditional media however. Presumably they're a USA only company?

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Re: Priceline now worth $100B

#16

Post by wheaties » Wed, Jul 26, 2017, 5:57 PM UTC

This is stupid. Really. Here we are in a world where the companies that own the assets (you know, the things that cost a lot of money) are worth less than the things that don't own anything. This doesn't seem "right" or "fair" in the sense that Priceline should be a middleman, unable to exercise any or all pricing power because it does not control the assets producing the revenue. I wonder how long this can last?

Re: Priceline now worth $100B

#17

Post by front2back44 » Wed, Jul 26, 2017, 5:57 PM UTC

throwaway91111 wrote: post #12

guelo wrote: post #5

Earlier quoted context omitted.

You've probably heard of Booking.com

Actually no. Why is it so popular? It seems to have fewer features than hipmunk.... Not to knock them, though, it's a hard problem to solve well from an interface and integrations perspective.

Lots of people use them. They're very very into AB testing to the point where they have a building at HQ dedicated to user testing.

It may not look like much but they know how to drive their consumers to checkout.

And another plus is that they offer free cancellation up to around 24 to 48 hours before your booking.

Re: Priceline now worth $100B

#18

Post by 43224gg252 » Wed, Jul 26, 2017, 5:59 PM UTC

Why did you get downvoted? Priceline PR team?

Re: Priceline now worth $100B

#19

Post by hatred » Wed, Jul 26, 2017, 5:59 PM UTC

I am amazed. In fact, I still remember when someone told me in 2011'ish that they are worth ~30b$; I had the same reaction.

Does anyone know how they justify their valuation? Is it mostly by acquiring other smaller companies (Kayak etc.) and who are the other big competitors to Priceline?

Re: Priceline now worth $100B

#20

Post by [deleted] » Wed, Jul 26, 2017, 6:00 PM UTC

throwaway91111 wrote: post #12

guelo wrote: post #5

Earlier quoted context omitted.

You've probably heard of Booking.com

Actually no. Why is it so popular? It seems to have fewer features than hipmunk.... Not to knock them, though, it's a hard problem to solve well from an interface and integrations perspective.

[deleted]