Image source: Google.
Alphabet‘s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google has recently launched a new online travel app called Google Trips. Investors in online travel companies reacted negatively to the announcement, as shares of TripAdvisor (NASDAQ: TRIP), Priceline (NASDAQ: PCLN), and Expedia (NASDAQ: EXPE) declined after news hit the wires last week.