Match welcomes two new directors to its board following collaborative discussions with Elliott Management

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Tinder-owner Match Group has appointed two new members to its board of directors and signed an agreement with Elliott Management, the company announced on Monday. Chief marketing officer at Instacart, Laura Jones, and Zillow co-founder Spencer Rascoff, will be joining the board, effective immediately. Match said in a press release that the appointments followed a “a constructive dialogue” with the activist investor, as the two companies have entered in an “information-sharing” agreement. “We appreciate the collaboration with management and the Board over the past several months, and we are confident that Laura Jones and Spencer Rascoff are strong additions to the Board. The activist investor’s push for change at the dating firm follows board shakeups at Crown Castle and Etsy.

“Potential Sale: Segment at Risk as Activist Investors Target Twilio”

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With Twilio under activist pressure, Segment could be put up for sale But recovering the 2020 purchase price could be impossibleTwilio’s foray into the customer data (CDP) business could be heading for an early conclusion. During the last quarters of Lawson’s tenure atop the company, Twilio came under pressure from activist investors Anson Funds and Legion Capital to divest assets to bolster shareholder value. With all that value and an eye toward expanding its market, Twilio went out and spent $3.2 billion to acquire Segment. What is Segment worth? According to Twilio, its Segment unit generated $75 million worth of revenue in Q4 2023, up 4% from a $73 million result in the year-ago quarter.

Why Protecting Minority Business Equity Investments from Activist Groups is Imperative

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This new impediment to securing financing opportunities for BIPOC entrepreneurs is disconcerting. Confronted with these challenges, angel investors and investment groups that fund BIPOC entrepreneurs must remain committed to keeping vital early-stage capital flowing. This inherent color blindness removes a structural impediment that blocks minority investing within the conventional venture capital fund structure. Eleven percent of all campaigns on the platform Honeycomb have been run by Black founders, and SeedInvest has seen 12% of campaigns run by Black founders. Defining intentionally inclusive criteria in your fund/syndicate may also open the door to additional funding opportunities for BIPOC entrepreneurs.

Alleged Firing of Eight Activist Employees at SpaceX Questioned by US Labor Board

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The National Labor Relations Board (NLRB) filed a complaint alleging that SpaceX illegally fired eight employees who wrote and distributed an open letter with workplace concerns. Circulated in June 2022, the open letter called out how SpaceX founder and CEO Elon Musk’s public behavior was harming the company’s reputation. At the time, Business Insider alleged that SpaceX paid a $250,000 settlement to a flight attendant that Elon Musk sexually harassed. As a result of its complaint, the NLRB regional director in Los Angeles will seek to arrive at a settlement with SpaceX. If SpaceX doesn’t settle, the company will face a hearing before an administrative law judge in March.