Priceline now worth $100B

#1

Post by seanlinehan » Wed, Jul 26, 2017, 4:10 PM UTC

Re: Priceline now worth $100B

#2

Post by bflesch » Wed, Jul 26, 2017, 5:30 PM UTC

Nice, who would've thought that kayak, opentable and booking were worth north of $100Bn a couple of years ago. Kudos to the folks that made this a reality.

Re: Priceline now worth $100B

#3

Post by jahnu » Wed, Jul 26, 2017, 5:44 PM UTC

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

Re: Priceline now worth $100B

#4

Post by guelo » Wed, Jul 26, 2017, 5:44 PM UTC

The stock has been on a tear this month but without any news, makes you wonder if insiders know something.

Re: Priceline now worth $100B

#5

Post by guelo » Wed, Jul 26, 2017, 5:44 PM UTC

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

Re: Priceline now worth $100B

#6

Post by jdross » Wed, Jul 26, 2017, 5:45 PM UTC

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

Re: Priceline now worth $100B

#7

Post by deedorgreed » Wed, Jul 26, 2017, 5:45 PM UTC

guelo wrote: post #4

The stock has been on a tear this month but without any news, makes you wonder if insiders know something.

If you look at their 5 year, basically has been a tear forever.

Re: Priceline now worth $100B

#8

Post by Kurtz79 » Wed, Jul 26, 2017, 5:50 PM UTC

Interesting, it seems like a company that had a very inflated valuation due to the dot-com bubble, was hit very hard when the bubble burst and it took almost 15 years for the stock price to get back to pre-bubble level...

Re: Priceline now worth $100B

#9

Post by guelo » Wed, Jul 26, 2017, 5:50 PM UTC

deedorgreed wrote: post #7

guelo wrote: post #4

The stock has been on a tear this month but without any news, makes you wonder if insiders know something.

If you look at their 5 year, basically has been a tear forever.

I wouldn't say that. From 2014 until June 2016 it was basically flat.

Re: Priceline now worth $100B

#10

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

I used to code for a hotel chain, and I remember that Priceline had some sort of weird legacy deal that made them essentially the only OTA (online travel agent) that was able to undercut the hotel's lowest price.