“The online travel world is not looking altogether robust; Expedia wasn’t able to transition well last quarter,” said Art Hogan, market strategist at Lazard Capital Markets, in a note to MarketWatch. To make matters worse, much of the online growth stems from consumers booking hotels and airlines directly rather than through online travel hubs like Expedia, Travelocity, and Priceline. Shares of Bellevue, Wash.-based Expedia tumbled to $48.93 and may continue to fall. “We knew we were facing Q2 headwinds, and those which we expected, as well as some we didn’t, materialized,” Expedia’s chief executive said of the profit drop. Get the full story at VentureBeat and MarketWatch Read also "Expedia misses again, shares crash" at NASDAQ