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By Svea Herbst-Bayliss NEW YORK (Reuters) -Starboard Value CEO Jeff Smith said Tuesday Tripadvisor should consider selling its restaurant booking platform TheFork and possibly the entire company. Smith, speaking at the annual 13D Monitor Active Passive Investment Summit in New York, said Tripadvisor has an "amazing" brand, but "there is a huge opportunity to transform and reimagine the user experience to improve revenue growth."  The company allows customers to find and review hotels. Its Viator unit lets users book and review tours and other experiences, while TheFork offers restaurant reservation services. "We believe TheFork, the most easily separable and least-integrated of the three businesses, could be sold at an attractive multiple," Smith said. At the end of the presentation, he said there may even be an opportunity to sell the entire company. "There are standalone opportunities for value creation at each of the Tripadvisor three businesses as well as opportunity to potentially sell TheFork or the entire company." Starboard has been engaging with Tripadvisor for several weeks and this was the first time Smith has discussed his team's thesis publicly. His hedge fund is pressing for change at the travel booking site after building a 9% stake in the company earlier this year. "TripAdvisor is too cheap for a company that is growing," he said.  He said Viator's performance should improve meaningfully, noting that booking experiences is the fastest-growing segment in the travel industry. To transform Tripadvisor, Smith said, "we believe there is a substantial cost savings opportunity at Brand Tripadvisor, especially if revenue growth does not accelerate." (Reporting by Svea Herbst-Bayliss. Editing by Dawn Kopecki and Chizu Nomiyama)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By Svea Herbst-Bayliss NEW YORK (Reuters) -Starboard Value CEO Jeff Smith said Tuesday TripAdvisor should consider selling its restaurant booking platform TheFork. Smith, who was speaking at an invite-only conference in New York, said TripAdvisor had an "amazing" brand, but "there is a huge opportunity to transform and reimagine the user experience to improve revenue growth." His hedge fund is pressing for change at the travel booking site after building a 9% stake in the company earlier this year.  "TripAdvisor is too cheap for a company that is growing," he said.  (Reporting by Svea Herbst. Editing by Dawn Kopecki and Chizu Nomiyama )

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By Greg Bensinger, Shubham Kalia and Deborah Mary Sophia SAN FRANCISCO (Reuters) -Amazon.com cloud service returned to normal operations on Monday afternoon, the company said, after an internet outage that caused global turmoil among thousands of sites, including some of the web's most popular apps like Snapchat and Reddit. Still, Amazon said some AWS services had a backlog of messages that would take a few hours to process. AWS hosts applications and computer processes for companies around the world, and the disruption knocked workers from London to Tokyo offline and halted others from conducting normal everyday tasks like paying hairdressers or changing their airline tickets. Users on Monday afternoon had complained of lingering difficulties using services such as digital wallet Venmo and video calling site Zoom. It was the largest internet disruption since last year's CrowdStrike malfunction hobbled technology systems in hospitals, banks and airports, highlighting the vulnerability of the world's interconnected technologies. It was at least the third time in five years that AWS's northern Virginia cluster, known as US-EAST-1, contributed to a major internet meltdown. Amazon did not address a request for more clarity about why that particular data center keeps being impacted. The problems stemmed from what is known as the Domain Name System, or DNS, which prevented applications from finding the correct address for AWS's DynamoDB API, a cloud database relied upon to store user information and other critical data. ROOT CAUSE IS NETWORK HEALTH MONITOR Earlier, AWS said the root cause of the outage was an underlying subsystem that monitors the health of its network load balancers used to distribute traffic across several servers. The issue, AWS said, originated from within the "EC2 internal network", Amazon's "Elastic Compute Cloud" service, which provides on-demand cloud capacity within AWS.  Shortly after 3 p.m. PT (2200 GMT), Amazon said, "all AWS services returned to normal operations. Some services such as AWS Config, Redshift, and Connect continue to have a backlog of messages that they will finish processing over the next few hours." Ken Birman, a computer science professor at Cornell University, said software developers need to build better fault tolerance. He said AWS provides tools developers can use to protect themselves in the event of a problem at one of any of its sprawling network of data centers, and developers can also create backups with other cloud providers.  "When people cut costs and cut corners to try to get an application up, and then forget that they skipped that last step and didn't really protect against an outage, those companies are the ones who really ought to be scrutinized later," Birman told Reuters. ISSUE ORIGINATED FROM AWS SITE KNOWN FOR PREVIOUS OUTAGES AWS provides computing power, data storage and other digital services to companies, governments and individuals and is the world's largest cloud provider, followed by Microsoft's Azure and Alphabet's Google Cloud. Disruptions to its servers can cause outages across websites and platforms – ranging from food delivery apps to gaming platforms and airline systems – that rely on its cloud infrastructure. AWS said on its status page that Monday's outage originated at its US-EAST-1 location, its oldest and largest for web services. The site suffered outages in 2021 and 2020. According to documentation on the AWS website, the US-EAST-1 site is often the default region for many AWS services.  "FRAGILE INFRASTRUCTURES" The problem highlights how interconnected everyday digital services have become and their reliance on a small number of global cloud providers, with one glitch wreaking havoc on business and day-to-day life, experts and academics said. "This outage once again highlights the dependency we have on relatively fragile infrastructures," said Jake Moore, global cybersecurity advisor at European cybersecurity firm ESET. In Britain, Lloyd Bank, Bank of Scotland and telecom service providers Vodafone and BT were all hit, according to Downdetector's UK website, as was UK tax, payments and customs authority HMRC's website. Vodafone, however, said on Tuesday the outage was unrelated to its mobile or broadband networks. "The main reason for this issue is that all these big companies have relied on just one service," said Nishanth Sastry, director of research at the University of Surrey's Department of Computer Science. Ookla, which owns Downdetector, said over 4 million users reported issues due to the incident. "For major businesses, hours of cloud downtime translate to millions in lost productivity and revenue," said Ryan Griffin, U.S. cyber practice leader at insurance broker McGill and Partners. Wall Street was largely unfazed, sending Amazon shares 1.6% higher to $216.48. FROM SNAPCHAT TO VENMO: OUTAGE TAKES DOWN APPS Ookla said at least a thousand companies were affected by the outage. Apps like Reddit, Roblox, Snapchat and Duolingo had all been affected. Artificial intelligence startup Perplexity, cryptocurrency exchange Coinbase and trading app Robinhood all experienced platform disruptions and attributed them to AWS. Amazon's own services, including its shopping website, Prime Video and Alexa, were also hit. Fortnite, owned by Epic Games, Clash Royale and Clash of Clans were among the gaming platforms affected. Uber rival Lyft was also knocked down in the United States. In a post on X, Signal President Meredith Whittaker confirmed the messaging app was hit by the outage, though billionaire Elon Musk, who owns X, said his platform continued to work. (Reporting by Shubham Kalia, Devika Nair, Ananya Palyekar and Deborah Sophia in Bengaluru; Additional reporting by James Pearson, Jaspreet Singh and Arsheeya Bajwa; Editing by Saumyadeb Chakrabarty, Joe Bavier, Richard Chang and David Gregorio)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)