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by TimPC
4041 days ago
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Travel is a misleading outlier as it has historically terrible margins and a large portion of the market volume is in airlines which historically generally lose money. On the other hand the market cap from online dating is pretty much entirely captured in online dating and isn't dominated by companies that own airplanes or hotels. "Revenue" that includes directly passed on fees is highly misleading as an indicator of relative market size. I'd rather own a company that made 1/4 as much than a company that passed 90% of revenue to other companies. |
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[0] - http://www.wikinvest.com/stock/Expedia_%28EXPE%29/Data/EBITD...