"Great tech companies have walked this same path in order to come back stronger and more competitive than ever. We have restarted the journey and bringing the world within reach is in our hands," the company said.

Expedia's share price rose 1.4 percent after markets opened on Tuesday. During a February 13 earnings call, Diller called the organization "bloated" and said many employees didn't know what "they were supposed to do during the day."

Copyright Agence France-Presse, 2020