tag:blogger.com,1999:blog-4021655406620953887.post6143421016480729286..comments2023-09-15T03:29:21.552-04:00Comments on Transparent Traders: $AXP ---> American Express buys restaurant reservation service ResyTransparent Tradershttp://www.blogger.com/profile/05306442633125245146noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4021655406620953887.post-4079301853043950262019-05-16T07:07:02.282-04:002019-05-16T07:07:02.282-04:00American Express (+0.56%) is acquiring restaurant ...American Express (+0.56%) is acquiring restaurant reservation service Resy for an undisclosed amount. Before tax and tip, Resy was last valued at $53.6 million in 2017.<br /><br />The Resy lowdown:<br /><br />Its reservation platform has been helping diners not look awkward in restaurant lobbies since 2014. Working with 4,000 restaurants in 10 countries, it’s become the largest privately held restaurant reservation service in the U.S.<br />Resy has also started selling software to restaurants looking to beef up their data operations.<br />The AmEx thought process<br />When it comes to deciding between credit cards, there are only two questions high-powered consumers ask: 1) Which is heavier and 2) which offers better experiences beyond your standard perks.<br /><br />Resy is just one of several recent acquisitions that show AmEx is aggressively boosting its appeal to top travelers and diners. Since 2017, it’s bought Cake (restaurant bill splitting), Mezi (virtual travel assistant), LoungeBuddy (airport lounge booking), and at least two others.Transparent Tradershttps://www.blogger.com/profile/05306442633125245146noreply@blogger.comtag:blogger.com,1999:blog-4021655406620953887.post-52114336880434594102019-05-15T15:28:33.878-04:002019-05-15T15:28:33.878-04:00Want to be in-the-know? Join the 925,000+ people w...Want to be in-the-know? Join the 925,000+ people who start their day with Morning Brew - the free daily email that delivers the latest business news in a fun, witty, and informative way. <a href="http://www.anrdoezrs.net/click-8986069-13590970" rel="nofollow">Check it out.</a>Transparent Tradershttps://www.blogger.com/profile/05306442633125245146noreply@blogger.com