Activist hedge fund Third Point, which has a nearly $1 billion stake in Intel, is calling on the chipmaker to separate its chip design and manufacturing units and divest botched acquisitions, reported Reuters. Shares of Intel jumped 5% after the report but are still down around 19% since the beginning of the year. The move shows that some Intel investors are vexed with the myriad...
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The Briefing startups uber/lyft
Oscar Health’s New CEO Has a Tough Job—but Lyft’s New CEO Has It Worse
Mark Bertolini must be feeling pretty good. Since he was named the new CEO of Oscar Health on Tuesday, Oscar’s long-suffering stock has bounced 78%. OK, skeptics will point out that bounce was off a very low base—the stock was at $3.59 on Monday. And even after the rally, Oscar stock is still down 84% from its initial public offering price. But any stock lift is better than the alternative,...
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