Levi & Korsinsky notifies investors that it has commenced an investigation into Tripadvisor, Inc. (NASDAQ: TRIP) concerning potential violations of the federal securities laws.
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.
If you suffered a loss on your Tripadvisor securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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