Business Headlines: TripAdvisor Shares Sink; Lottery Debit Cards
BOSTON (CBS) – Newton-based travel site TripAdvisor has gone public, but investors didn’t seem thrilled.
Its share price fell 8.5 percent in its first day of trading after it was spun off by former parent company Expedia.
TripAdvisor publishes user reviews of hotels and slideshows of vacation destinations in addition to airline tickets, hotels, and rental cars.
HOME SALES UP
Slowly but surely, the Massachusetts housing market may be turning around.
Two groups that track the real estate market say sales of single family homes and condos both increased in November.
Sales have now risen for five months in a row.
But the market remains sluggish.
The number of homes sold this year will likely be at its lowest point since the 1990’s.
LOTTERY DEBIT CARDS
The state lottery is going to start accepting debit card payments for lottery tickets.
The treasurer says the system could be ready to go by early January.
Lottery agents will not be allowed to accept credit cards or EBT welfare cards.
Watch Lisa’s report:
Lisa van der Pool of the Boston Business Journal can be seen weekdays at 6 a.m. on WBZ-TV.