Pressure on Bill Holdings rises

Group 1 - Barington Capital Group is advocating for Bill to rejuvenate its business, joining other activist investors like Starboard Value and Elliot Management, who have acquired significant stakes in the company [3][4] - Bill has 500,000 customers and processes $350 billion in payments, with a healthy annual growth rate of 10% to 15%, but its stock price has declined by approximately 36% this year [4][5] - Barington urges Bill's board to cut operating expenses and explore strategic options, including a potential sale or merger, to improve profitability and cash flows [7] Group 2 - Bill's CEO, René Lacerte, has defended the company's performance, emphasizing efforts to enhance shareholder value and recent accomplishments in revenue growth and non-GAAP profit generation [6]