Booking Holdings falls as EU opens probe into Booking.com's fraud risks
BKNG•Booking Holdings shares fell about 2% in early trading as the European Commission opened an investigation into whether Booking.com is doing enough to address fraudulent listings and phishing scams under the bloc's online content rules.
1. EU investigation
The European Commission opened an investigation after reviewing Booking.com's risk assessment reports from this year and the previous three years. It is examining fake listings, impersonation fraud, non-compliant accommodation offers and Booking.com's efforts to mitigate related risks.
2. Company response
Booking.com said it was engaging constructively with the Commission. A company spokesperson said, “Security, trust and the protection of personal information are top priorities at Booking.com.”
