Wall Street Journal:
Elon Musk says Twitter has had a “massive” revenue drop due to activist groups pressuring advertisers, despite doing “everything” to “appease the activists” — Chief of the social-media company cites activist groups pressuring advertisers
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 …
Patience Haggin / Wall Street Journal:
Sources: Twitter offers advertisers generous incentives, including matching $500K to $1M in spending in 2022, in a bid to jump start its faltering business — Advertisers booking at least $500,000 in incremental spending would be matched, up to a $1 million cap — Elon Musk Says Twitter Bankruptcy Is a Possibility.
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
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.
Todd Spangler / Variety:
Elon Musk seeks to reassure Twitter advertisers, arguing his goal is not “to make more money” and the service “cannot become a free-for-all hellscape” — Mega-billionaire Elon Musk, nearing the finish line in his rocky takeover of Twitter, posted an open letter …
Andy Greenberg / Wired:
Forensic analysis: hackers planted files on at least three Indian activists and likely colluded with police, yet 11 of 16 activists in related case still jailed — And new evidence suggests those hackers may have collaborated with the police who investigated him.
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