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Activist Investor Targets Tripadvisor Board Overhaul Amid Declining Shares

2/17/2026

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Summary

Story summary

Starboard Value, an activist investor, plans to overhaul Tripadvisor, Inc.'s board by nominating a majority.
It holds a 9% stake in Tripadvisor, Inc., worth about $160 million.
The fund seeks higher value and profitability by urging a sale of TheFork.
Following disappointing Q4 results and a nearly 46% share decline over the year, a letter will go to Tripadvisor, Inc.'s board on Tuesday.

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Story summary

Starboard Value, an activist investor, plans to overhaul Tripadvisor, Inc.'s board by nominating a majority.
It holds a 9% stake in Tripadvisor, Inc., worth about $160 million.
The fund seeks higher value and profitability by urging a sale of TheFork.
Following disappointing Q4 results and a nearly 46% share decline over the year, a letter will go to Tripadvisor, Inc.'s board on Tuesday.