eBay founder Pierre Omidyar retired from the company’s board, 25 years after the birth of the company, as part of a broader shakeup of the board. Also departing the board was Elliott partner Jesse Cohn, a sign that Elliott has concluded its work at eBay. Under the influence of the activist investor, eBay sold StubHub and its classified ads businesses and replaced its CEO, lifting the value of...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
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