Investors fretting about Expedia's prospects sent its stock down 4 percent Tuesday after Google lowered the travel site's ranking in its search results.
Google draws attention these days for projects like self-driving cars, smartphone operating systems, and super-fast broadband, but its search business still has tremendous power over what happens on the Internet. Expedia's stock initially dropped much more, but recovered some of its losses to close at $67.67, a $3.02 drop.
The damage was caused by a precipitous decline in Expedia's rank in search results on Google. Companies can bid for search ads … Read more