9 hours ago
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Reuters
Tue, February 17, 2026 astatine 10:41 AM CST 1 min read
Feb 17 (Reuters) - Tripadvisor said connected Tuesday its committee and absorption held aggregate discussions with activistic capitalist Starboard Value, which owns astir 9% of the company and has accused it of failing to clasp absorption accountable for "value destruction".
In a sharply worded missive connected Tuesday, Starboard, said the online question company's shares person fallen astir 50% since CEO Matt Goldberg took implicit successful 2022 and precocious deed an all-time low.
"During the company's upcoming model for shareholders to taxable manager nominations with respect to the Company's 2026 yearly meeting of shareholders, we mean to nominate a highly-qualified slate of directors representing a bulk of the Board," Starboard said.
The hedge money urged Tripadvisor to formally research a merchantability of the entire institution and criticized the gait of efforts to reappraisal strategical alternatives for its restaurant-booking unit, TheFork.
Starboard besides faulted the institution for moving excessively dilatory to accommodate to generative AI, informing that accelerated changes successful online question hunt could leave Tripadvisor vulnerable.
In response, Tripadvisor said its committee and enactment remained focused connected acting successful the champion interests of shareholders and it would proceed to prosecute initiatives aimed at delivering sustainable semipermanent growth.
"Management and the Board are focused connected pursuing each avenues to thrust worth for shareholders," it said.
Starboard did not immediately respond to Reuters petition for remark connected Tripadvisor's statement.
(Reporting by Abhinav Parmar and Aatreyee Dasgupta successful Bengaluru; Editing by Pooja Desai)
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