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Travel services provider $EXPE said in 2Q16, adjusted EBITDA grew 18% to $331MM while room night growth saw a deceleration. Trivago topped $200MM in standalone revenue in 2Q16, a growth of 41% or 38% currency neutral. On a trailing 12-month basis, trivago generated over $660MM of revenue.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.