Dan Loeb

WeWork Inc (OTC:WEWKQ) founder and former CEO Adam Neumann has enlisted Tesla attorney Alex Spiro to provide legal counsel as he attempts to buy back the office space company he founded. According to Bloomberg Law, Spiro has been working with Neumann since late 2023. Spiro was involved in several...

Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos confirmed through an Instagram post that he is moving out of his longtime home in Seattle and is shifting base to Miami, Florida. What Happened: Bezos said the decision was precipitated by his parents recently moving to Miami and his Blue Origin space...

During the dot-com boom in the late 1990s to early 2000s, it seemed like any company that wanted its share values to increase would simply issue a PR with the word ".com" in it, and the stock would move higher. In 2023, the sentiment is largely similar, with investors pushing up the share prices of...

Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) are trading higher midday Thursday after it was announced that Dan Loeb’s Third Point Management opened a passive stake in the semiconductor designer. Loeb’s firm says it employs a flexible, opportunistic investment style, seeking to...

Dan Loeb’s multi-billion dollar Third Point LLC hedge fund added shares of American International Group Inc. (NYSE: AIG) last quarter, saying that the company is repositioning itself as a “pure-play P&C insurer.” What Happened: Loeb announced the stake in a fourth-quarter...

ETF fund manager Cathie Wood is known for investing in growth stocks and what she has labeled as “innovation.” A take by the fund manager drew criticism from a hedge fund manager. What Happened: Ark Invest CEO Cathie Wood is known for putting high forward-looking price targets on...

A Walt Disney Company (NYSE: DIS) analyst is calling for a spinoff many have suggested for the media giant over the years. While previous CEO Bob Chapek was against spinning off ESPN and ABC, the analyst sees newly appointed CEO Bob Iger as being in favor of the change. What Happened: Disney...

Media giant The Walt Disney Company (NYSE: DIS) is making a major change in a move that it hopes could help its stock price rebound and also keep fans happy after years of major concerns. The move could also see the company make major changes to its structure and business segments. What...

Dan Loeb and Bill Ackman are billionaire activist investors who own hedge funds Third Point Management and Pershing Square Capital Management, respectively. Both have been outspoken in the media this year, as Loeb wanted Disney to sell its unprofitable ESPN segment. After that, Loeb directed his...

A leading streaming platform is owned by two competing media companies. With a deal in place to transfer ownership, leading to a future transaction, things could become heated as a battle now takes place over the value of the platform and what’s next. What Happened: Streaming platform Hulu is...

More than 121 million people viewed at least part of the NFL's opening weekend slate of games, but ratings weren't the only thing getting a boost when the 2022 season officially kicked off. Several mobile applications saw increased usage and download volume over the...

After Walt Disney Co (NYSE: DIS) CEO Bob Chapek swatted investor calls for an ESPN spinoff over the weekend and noted that plans are in place for the future of the sports network, one investor jumped in and bought shares of the media giant.  What Happened: Virtus Investment...

Walt Disney Company (NYSE: DIS) wants to retain the ESPN sports television network despite activist calls to spin off or sell the unit, CEO Bob Chapek reportedly said in an interview with the Financial Times on the sidelines of the annual D23 conference held in California. Disney has been getting a...

Activist investor Dan Loeb issued a letter to The Walt Disney Company (NYSE: DIS) CEO Bob Chapek and the company’s Board of Directors Monday. Loeb took a stake in Disney via Third Point and is seeking to have constructive engagement with the company. In the letter, Loeb congratulates ...

Walt Disney Co (NYSE: DIS) shares are trading higher Monday after Third Point's Dan Loeb repurchased a "significant stake" in the company.  In a letter to CEO Bob Chapek, the activist investor congratulated Disney on a terrific quarter, noting positive...