Feb. 17 at 9:09 PM
$TRIP I'm with Starboard, time to put the curtain down on this clown show of a mgmt team and Board!
"Tripadvisor has been massively late and incredibly slow to develop and launch a compelling AI-enabled version of Tripadvisor," Starboard said in the letter. "In a period of such rapid innovation and change, and with such an advantaged position, Tripadvisor appears to be squandering its lead."
"We believe there remains a meaningful value creation opportunity at the company, but we do not have confidence that this management team and board can deliver it. We believe Tripadvisor should be operated and governed by those with the sense of urgency, the resources, the skillsets, and the incentives to move quickly and execute at the level required to win in a rapidly changing world. The time for incrementalism is over," the letter concluded.
