Agree to disagree

[The beef 675] [I'm an image] “Look what you’ve done Airbnb.” - Jason [Read The Beef Online - Click Here]( Hey there carnivores, Markets were back in the green thanks to some positive trade news. Because what else would you expect? Today we’re diving deep on Expedia’s management shakeup. Keep raging, Jeff & Jason [Image] [I'm an image] Agree to disagree Expedia CEO Mark Okerstrom and CFO Alan Pickerill presumably got a great deal on their one-way ticket out of Dodge. The company's Board of Directors allowed the Chief Executive and Chief Financial Officer to gracefully bow out (read: [resign]()… before they were escorted out by security, of course. Chairman Barry Diller will take over as CEO during the board’s hunt for a new head honcho and Eric Hart, Expedia’s chief strategy officer will fill in as interim CFO. Why? According to the company’s official statement, the shakeup was [prompted by]( a disagreement between the board and senior management regarding “vision.” Okerstrom and Pickerill were tasked with simplifying Expedia’s portfolio of brands (which include Trivago, Vrbo, Hotels.com, Orbitz, Travelocity, Hotwire and CarRentals.com) while not losing focus on current operations. Spoiler: they lost focus. Of course, it probably had a lot more to do with shares of the glorified travel agent doing their best Boeing impression. The stock [plunged 27%]( following a disastrous Q3 earnings report ($3.38 EPS vs. $3.80 estimated). Senior management certainly didn’t help their case, blaming changes to Google’s algorithms and the Herculean task of consolidating Expedia's portfolio of brands for the lackluster performance. Will somebody call a wah-mbulance? The bottom line... The travel industry has got a problem. [Meet Google.]( Turns out Expedia’s C-suite isn’t (completely) full of sh*t. You see, Google, the gatekeeper to the interwebs, recently redesigned its hotel search function which has made it easier to browse by price and amenities. This, of course, is great for aspiring travel bloggers seeking out some strange in European hostels. But this is really, really bad for the likes of Expedia and competitor TripAdvisor, whose shares have fallen 47% in 2019. Booking Holdings which runs Kayak and Bookings.com has been able to weather the storm by focusing on direct traffic vs. search engine eyeballs. Booking.yeah. Bottom line: “That Travelocity Gnome always kinda creeped me out.” [I'm an image] Listen. I’m not sure how much more clear I can make it… [DON’T. F*CKING. MISS. THIS.]( Kyle Dennis is hosting an event TONIGHT at 8:30. He’ll be teaching you how to snap necks and cash checks in 2020. [Join us for Kyle’s Raptor5 event]( [TONIGHT at 8:30 PM ET]( [I'm an image] ☑️ The wheels come off. After a decidedly terrible new ad campaign launch, Peloton [took another hit]( as the stationary bike maker announced that it lowered the price of it’s monthly service from $19.99 to $12.49. The “digital app” allows users to access yoga and running workouts without actually purchasing the multi-thousand dollar bike. It is not to be confused with the $39 per month subscription that comes with the bikes itself. The news sent the stock down 5%... after it had already dropped just over 9% on Tuesday. ☑️ Low tide. Jay-Z is finally [putting his music back]( on Spotify. HOVA pulled his tunes from the streaming platform in 2017, coinciding with the launch of his own platform, Tidal. The move likely spells the demise of Tidal, which Jay purchased for $56M. Tidal has been tight-lipped about its subscriber numbers and hasn’t revealed anything regarding its user base since 2016 when it had 3M. Meanwhile, Spotify has 113M as of October. I wonder if Beyonce will give him a loan? ☑️ Beatlemania! Sony announced that it [inked a deal]( to distribute Beatles t-shirts (we see you "vintage" Abbey Road tees at Target) and memorabilia throughout North America, taking over from Universal’s Bravado. This appears to be part of the entertainment company's plan to expand its swag offerings via its Thread Division. Distributing Beatles merch has never been terribly lucrative thanks to sky-high royalties. But the fact that Sony owns the rights to the music could help lower those fees. ☑️ Flip the switch. Nintendo [had itself a Thanksgiving](. The company announced that it sold 830k Switch gaming consoles in the last week of November. Sales include both versions of the $299 Switch and $199 Switch Lite. In total, Nintendo announced that it has sold 17.5M units in the US. And that number might pale in comparison to what Nintendo has in store for China. The Mario Kart maker inked a deal with Tencent to sell the Switch in China beginning December 10th. Talk about Christmas come early... 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