Tripadvisor, Inc. (TRIP)

Jeffrey C. Smith · 2026-02
arc beats above · slides in the middle · loops below · scroll → 1 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 1
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Slide 1
This is the first page of a shareholder letter from Starboard Value to Tripadvisor.front_matter
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The slide uses rhetorical questions ('how is this possible?') to frame management's actions as negligent.name_villain
Open slide detailBeat · ComplicationLoop · Cost Of Inaction
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The slide uses the rhetorical device of repeating 'How is this possible?' to highlight management failures.expose_contradiction
Open slide detailBeat · Expose ContradictionLoop · Cost Of Inaction
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This is a formal letter from an activist investor.summarize
Open slide detailBeat · CEO Quote