TripAdvisor (TRIP) Q2 Update: Sells The Fork for $700M

In Q2 2026, Tripadvisor, Inc. (NASDAQ: TRIP) sold its restaurant booking platform, The Fork, for $700 million to American Express, which represents half of its market capitalization of $1.63 billion. The stock closed at $14.29 per share on July 2, 2026, with a one-month return of 17.5%, despite a 21.31% decline over the past 52 weeks. The S&P 500 had its best quarter since Q2 2020, returning 14.9%, while Middle Coast Investing's fund returned 12.5%. Tripadvisor's stock saw limited movement in response to the sale, indicating it was influenced more by overarching market trends rather than company-specific news.