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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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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