Filing: Starboard Value has built a 9% stake in Wix, which has been struggling with losses since Q4 2021 and has adopted a three-year cost-cutting program (Svea Herbst-Bayliss/Reuters)

Yun Li / CNBC:
Salesforce stock is up 6%+ pre-market after activist investor Starboard reveals a “significant” stake; shares of Salesforce have fallen more than 40% in 2022  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc.

Miles Kruppa / Wall Street Journal:
Activist investor TCI, which has a $6B+ stake in Alphabet, calls on the company to aggressively reduce headcount and cut costs in long-term bets such as Waymo  —  Hedge fund says company would be more efficient with fewer employees  —  Activist hedge fund TCI Fund Management called …

Svea Herbst-Bayliss / Reuters:
Sources: a majority of Twitter’s shareholders have voted in favor of the $44B sale to Musk, whose $54.20 per share deal looks pricey in the current environment  —  A majority of Twitter Inc’s (TWTR.N) shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk …

Bloomberg:
Hedge fund Fir Tree Capital sues Grayscale Investments for info on potential mismanagement, as GBTC, down ~74% YTD, trades at a ~43% discount to its BTC’s value  —  Fir Tree Capital Management is suing Grayscale Investments for information to investigate potential mismanagement and conflicts …

Morgan Meaker / Wired:
How an 8-year-old’s YouTube account and a parent activist sparked a debate in Denmark on Google’s ubiquity in schools and its handling of children’s data  —  An 8-year-old’s YouTube snafu—and one unlikely parent activist—sparked a nationwide debate on the tech giant’s ubiquity and handling of children’s data.

Sarah E. Needleman / Wall Street Journal:
Pinterest adds Elliott Management’s Marc Steinberg to its board as part of an agreement with the activist investor; Elliott has a stake of over 9% in Pinterest  —  Activist investor has also entered into a long-term agreement to help the social-media company grow