It has sharply panned Yahoo's performance and strategy in recent months and previously stated its intention to nominate new board members. A Web pioneer, Yahoo has seen revenue growth stall in recent years as rivals Facebook and Google Inc have increased their share of online advertising spending. Last month, Yahoo's board appointed Alfred Amoroso, former CEO of Rovi Corp, a digital entertainment company; and Maynard Webb, chairman of LiveOps, a customer call center company, after Yahoo Chairman Roy Bostock and three other directors announced they were stepping down. Third Point said in the filing that Yahoo's recently named board members are not in the best interest of the company or shareholders.