Tripadvisor (TRIP) Stock: Activist Launches Hostile Takeover After 50% Crash

TLDR Starboard Value holds 9% stake in Tripadvisor and is nominating a majority of directors to the company’s eight-person board Tripadvisor shares have collapsed 50% over six months after weak earnings and concerns about AI competition The activist investor wants Tripadvisor to sell TheFork restaurant platform or explore a full company sale Tripadvisor’s $1.1 billion [...]

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