Starboard Value plans majority overhaul of Tripadvisor board, WSJ reports

Core Viewpoint - Activist investor Starboard Value is planning to push for a significant overhaul of Tripadvisor's board by nominating a majority slate for its eight-member board [1] Group 1: Investor Actions - Starboard Value currently holds over 9% of Tripadvisor and intends to send a letter to the board outlining its plans [1] - The hedge fund has previously urged Tripadvisor to consider selling its restaurant booking platform, TheFork [2] Group 2: Company Performance - Tripadvisor has a market value of approximately $1.1 billion and has experienced a nearly 46% decline in its shares over the past year [2] - The company's shares hit a record low last Thursday following fourth-quarter results that missed Wall Street expectations [2]