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The online travel aggregator’s growth struggles get worse, even as it announces worryingly pointless acquisitions instead of setting its house in order. There’s no respite for its public shareholders.

The 15-year-old company has bought one brand after another in the hope of growing fast. That plan has fallen flat on its face, but there’s no stopping Wingreens.
While rivals lost users, India’s largest broker leaned on lending and derivatives to deliver strong growth.
The seafood company solved its demand problem by aggressively buying global distributors. Now it has a financing problem that it can't solve without public money.