Italian antitrust authority has fined popular travel website TripAdvisor Inc. (TRIP) 500,000 euros, or $600,000, after receiving complaints of unfair trade practices from hoteliers and National Consumers Union.
The antitrust authority said that TripAdvisor failed to monitor or prevent false reviews at its website and also misled customers to believe its information as authentic and genuine. TripAdvisor website provides travel-related reviews of hotels and restaurants, mainly contributed by users.
TripAdvisor have to pay the fine within 30 days and have to detail steps for compliance within 90 days.
For the third quarter, TripAdvisor's profit dropped 4 percent and were also short of expectations. Meanwhile, sales surged 39 percent to $354 million and trumped estimates.
TRIP is currently trading at $76.04, down $0.83 or 1.08%, on the Nasdaq.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.