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...Starboard plans to recommend News Corp spin off its digital real estate division, which includes a stake in Australian online property site operator REA Group and Realtor.com parent Move Inc The activist...
...According to securities filings that show Starboard holdings as of June, the firm owned more than $4mn of the company’s shares....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
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...Waymo has deployed a live, customer-paying service, while many of the other new entrants have switched focus to niche applications such as commercial vehicles, or have been acquired....
...A version of this article was first published by Nikkei Asia on January 3. ©2023 Nikkei Inc. All rights reserved....
...The New York-based firm joins fellow activist Starboard Value, which disclosed a stake in Salesforce in October with a call to increase profit margins....
...Why has communication services outperformed? Because the sector is weighted massively to Alphabet, which has done well, for reasons that are not totally clear to us....
...The decision to slash jobs followed a hiring spree across the tech sector during the height of the pandemic when demand for digital services surged....
...Elliott said in January that it had acquired a multibillion-dollar position in Salesforce, joining fellow activists such as Starboard Value and ValueAct Act Capital, all of whom have been pushing for the...
...“China is the growth engine . . . and is now the only market without a return to service,” the company said. “Hopefully, this will start to change in 2023.”...
...The concern broke into the open last year as weakening demand ate into growth, and with activist hedge fund Starboard Value taking an unspecified stake....
...Elliott and Starboard jointly agreed to a settlement with the company that spurred it to sell its classified advertising business....
...Elliott has indirectly worked well with Starboard in previous activist situations including a campaign at eBay in 2019....
...In addition to Taylor, Benioff has also lost his chief product officer Tamar Yehoshua and Stewart Butterfield, chief executive of Salesforce-owned messaging service Slack....
...Salesforce is both a fast grower and, as a “software as a service” company, a recurring revenue company....
...Harding is the second-biggest player in the on-board market after Starboard, a division of French luxury conglomerate LVMH....
...Waymo is planning to expand its robotaxi service to Los Angeles and Cruise hopes to get regulatory approval for robotaxis without pedals or steering wheels. It has been a slow and expensive road....
...refit and several deep cleans under its owner Carnival, the Diamond Princess took to the seas for the first time in more than two years, bound for its new home port of San Diego before it returns to full service...
...But the conditions that helped markets cruise to record highs have hit an iceberg....
...Luck is part of a larger push by Apple to build a family audience for its streaming service....
...For this, we can do the partnership, but that is to adapt their services to our product, not vice versa.”...
...The crowd was all-in from the first scene, cheering Tom Cruise’s one-liners, oooh-ing at the allusions to the original 1986 film and applauding the action-packed flight sequences in which certain death was...
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