OK, now you have seen a lot of shenanigans and a lot of success in failure in the world of activist investing. Now we have a new form of investor activism taking place: Front running your own activism ambitions! Carl Icahn has decided to tweet out to the world that he has sent a new letter to Tim Cook of Apple Inc. (NASDAQ: AAPL).
We have previously shown that Carl Icahn wanted to use his $1 billion investment in Apple shares to make Tim Cook buy back up to $150 billion in stock. In his new Tweet, Carl Icahn said:
Just sent a letter to Tim Cook. Full letter will be disclosed on my website, the Shareholders’ Square Table, which will be launched tomorrow.
This is not illegal by any measurement in this instance, but if you have been an active trader you know that there can be many legal ways to front-run news. This is no different from Carl Icahn saying, “I have big news, and I will share it with you tomorrow. You can buy up shares today in hope of my news driving up the stock tomorrow when the news (really) hits.”
As a reminder, Carl Icahn hosted Tim Cook at a dinner at his house recently and Mr. Icahn said it was a good conversation. This is another incident that may have more bark than it has bite but we wanted to share it with you.
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.