Capital One Closed Hopper Tech and Employee Deal in April, Focuses on Travel Expansion
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Capital One CEO Richard Fairbank said the company sees many opportunities in travel but first it needs to focus on the “build out” of the Hopper technology that it acquired in April.
“In April, we brought the technology and capabilities that power Capital One travel in-house,” Fairbanks said during Capital One’s first-quarter earnings call Tuesday. “We now fully own the technology that we have built in partnership with Hopper, and the Hopper talent we’ve worked with will join Capital One.”
This was the first time that Fairbanks publicly discussed the Hopper deal with investors.
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