Booking.com, one of the largest online travel sites, plans to lay off a quarter of its workforce globally, the company announced Tuesday. The cuts would affect more than 4,000 people. Booking.com, the largest subsidiary by revenue of Connecticut-based Booking Holdings, follows other online travel heavyweights Airbnb and Expedia in cutting staff. The Amsterdam-based company said it was consulting...
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When Antitrust Opposition Boosts Value: The Information’s Tech Briefing

Sometimes, the government is here to help. The Justice Department’s antitrust lawsuit that killed Visa’s acquisition of Plaid promises to become a windfall for shareholders in the fintech startup, as The Information reported today. Visa had agreed to pay $5.3 billion for Plaid, but there’s now investor interest in the company at a valuation of $15 billion or more. The episode...
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