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On May 9, 2024, the Company hosted its quarterly earnings call. During the call, management guided toward earnings and revenue substantially below what had been previously anticipated. The Company cited changes to Google’s search algorithm and challenging comparisons to prior quarters. However, analysts suggested the guidance indicated structural problems within Tripadvisor which exist pre-Covid. Following the earnings call, TRIP shares fell $7.32, or 28.7% overnight.
In order to be eligible to join the TRIP class action lawsuit, you must have incurred a loss on shares of Tripadvisor purchased during the class period listed above.
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