Speaking of disrupting the hands-on model of a human in favor of online databases, let’s not forget dot-com darling Priceline.com (PCLN).
Priceline and its “Negotiator” William Shatner continue to successfully disrupt online travel, offering a wide variety of travel options and competitive prices in an instant. Priceline did crash to $15 a share in 2001 after the tech bubble burst, but it grew steadily across the 2000s until exploding in recent years to almost $900 a share.
Why? Well, its place at the center of reinventing travel booking is nice, but the numbers that have come with that status indicate the run is far from over. Consider that Priceline’s IPO was in 1999, but it continues to grow at an exponential clip. From fiscal 2009 to fiscal 2012, for instance, revenue improved at an average annual rate of 40% and earnings grew at a 60% rate!
That’s a heck of a performance for a tech company that is more than a decade old — a lifetime in Silicon Valley. But Priceline continues to disrupt the space and see huge profits as a result.