NasdaqGS:TRIPInteractive Media and Services
Starboard Targets Tripadvisor Board As Activism Meets AI And Experiences Story
Starboard Value has launched an activist campaign targeting Tripadvisor's board, seeking to replace a majority of directors.
The investor is urging Tripadvisor to consider options to maximize shareholder value, including a possible sale of the company.
Starboard has criticized Tripadvisor's strategic direction, use of Generative AI, and past decisions it views as unfavorable to shareholders.
For anyone tracking NasdaqGS:TRIP, this campaign comes after a challenging stretch for the stock...