The Secrets to TripAdvisor's Impressive Scale
Harvard Business Review
OCTOBER 2, 2012
The company agreed to be acquired by Expedia/IAC in 2004 for $210 million in cash , a huge win for all, particularly given their amazing capital efficiency: they had only raised $4 million in venture capital. and EBITDA margins are 47%. market cap is 6x revenue and 13x EBITDA, so not insane multiples on a comparable basis.
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