On CNBC this afternoon I mentioned that I hope Apple tells Carl Icahn to stuff it. This startled some folks, so I figured I would explain this thinking in more detail. First, the back-story... Billionaire activist investor Carl Icahn has found a new target: Apple.
For the last several weeks, activist investor Carl Icahn has been waging a written war against eBay's board of directors. In particular, he's been attacking the ethics of venture capitalist Marc Andreessen. Andreessen keeps firing back with his own biting responses. Today, he's published another.
Shares of Apple Inc (AAPL) are up 0.49% to $129.40 in late morning trading Monday after billionaire activist investor Carl Icahn confirmed he had send an open letter to CEO Tim Cook, pushing for a larger share buyback. In the letter, posted on Icahn’s “Shareholder Square Table” Web site, Icahn also says he believes AAPL is […]View the full post at: Carl Icahn Sees Apple (AAPL) Stock Worth $240/share
Working with family is hard, especially when you're controlling billions of dollars. So we really can't be judgmental about Bloomberg's report that Carl Icahn and his son Brett are having a disagreement over the sale of half of Icahn Enterprise's sale of its Netflix stake.
Carl Icahn has invested $100 million in Lyft, a company that competes with ride-hailing service Uber. The company raised $150 million this time around at a $2.5 billion valuation. The remaining $50 million comes from Icahn's long-time rival, Marc Andreessen and his firm, Andreessen Horowitz.
Yesterday, after billionaire activist investor Carl Icahn appeared on CNBC for almost an hour to discuss his proposal that Apple CEO Tim Cook should initiate a $150 billion share buyback, Miller Tabak chief economic strategist Andrew Wilkinson pointed out in his "chart of the day" that Icahn is not even a top-2o shareholder of Apple. In today's chart, Wilkinson points out that Icahn's tweets aren't moving the market like they used to.
This is how you play perfectly nice with Carl Icahn. The world's largest off-shore drilling company, Transocean, has just agreed to a deal with the activist investor that pays shareholders and gives The Icahn Group more power on Transocean's board. In short, these are the days that Carl Icahn gets out of bed for.