Welcome to our dedicated page for IAC news (Ticker: IAC), a resource for investors and traders seeking the latest updates and insights on IAC stock.
IAC Inc. (NASDAQ: IAC) is a leading media and internet company headquartered in New York City. It encompasses over 150 brands and products, making it one of the largest online platforms globally. The company's diverse portfolio includes well-known names like Ask.com, About.com, Match.com, HomeAdvisor, and Vimeo, among others.
IAC operates across various segments such as search, applications, online dating, media, and e-commerce. Its family of websites attracts over two billion monthly visits, reaching users in more than 200 countries worldwide.
In recent years, IAC has focused on spinning off successful ventures; in the second quarter of 2020, it spun off Match Group, a prominent dating app provider, and in the second quarter of 2021, it spun off Vimeo, a video software provider.
IAC's revenue is diversified across several segments: Angi Inc. contributes 33%, Dotdash Meredith 39%, search 14%, and other emerging businesses 14%. Angi Inc. is well-known for home service solutions, while Dotdash Meredith is a major digital and print publisher in the U.S., featuring brands like PEOPLE, Better Homes & Gardens, and Investopedia.
One of the latest strategic moves by IAC includes a partnership with Ben Sherwood and Joanna Coles to revitalize The Daily Beast, aiming to make it an essential source of journalism. Additionally, Dotdash Meredith has entered a strategic partnership with OpenAI to integrate trusted content from DDM into ChatGPT, enhancing user experience and ad-targeting capabilities.
Financially, IAC continues to demonstrate disciplined opportunism, focusing on building category-leading businesses through curiosity and innovation. The company regularly updates its shareholders and the public through quarterly reports and conference calls, highlighting its commitment to transparency.
For more information and to view the full list of IAC's companies, please visit www.iac.com.
RoboKiller Enterprise has released a new report titled The State of STIR/SHAKEN analyzing the efficacy of the FCC's anti-caller ID spoofing framework. The report indicates that while initial results were promising post-implementation in 2021, the effectiveness has waned, with spoofed calls still constituting 40% of spam calls. RoboKiller Enterprise emphasizes that to effectively combat robocalls, voice service providers need to adopt robust mitigation plans in addition to STIR/SHAKEN compliance.
IAC (NASDAQ: IAC) released its February 2022 monthly metrics, available on its investor relations website. The company continues its evolution as it fosters brands and products, maintaining a commitment to financially-disciplined opportunism. Angi Inc. (NASDAQ: ANGI) is among its notable holdings, which range from early-stage ventures to more established businesses. IAC aims to build companies by nurturing curiosity and challenging the status quo, asserting its longevity and adaptability in the market.
Dotdash Meredith, a leading digital and print publisher and an operating business of IAC (NASDAQ: IAC), will participate in the BMO Digital Ad Summit on March 3, 2022. CEO Neil Vogel will engage in a fireside chat at 8:00 a.m. ET. A live stream of the event will be accessible to the public, with a replay available for 90 days post-conference on IAC's investor relations website.
Dotdash Meredith encompasses over 40 iconic brands, reaching nearly 200 million individuals in decision-making and inspiration.
Dotdash Meredith has launched a special edition magazine, The Home Edit: Feel-Good Organizing, which features tips and ideas from organizing experts Clea Shearer and Joanna Teplin. The magazine aims to celebrate the joy of organizing with lifestyle and design advice. Available now for $14.99, it will hit newsstands on March 4. Highlights include exclusive home tours and behind-the-scenes content from the Netflix series Get Organized with The Home Edit. A second issue is planned for Fall 2022.
Dotdash Meredith has appointed Liz Vaccariello as the new Editor-in-Chief of PEOPLE Magazine, succeeding Dan Wakeford. With over 25 years in editorial leadership, Vaccariello previously served as Editor-in-Chief of REAL SIMPLE. Zoë Ruderman has been promoted to Vice President and General Manager of PEOPLE digital, where she will oversee digital content, having contributed to a 120% audience growth for People.com since 2018. Both will report to Leah Wyar, President of Dotdash Meredith's Entertainment Group.
IAC (NASDAQ: IAC) announced its fourth quarter financial results and a shareholder letter on February 15, 2022. The company will hold a live stream on February 16, 2022, at 8:30 a.m. ET to discuss the results alongside Angi Inc. (NASDAQ: ANGI). IAC focuses on building companies through innovation and acquisitions, currently managing several brands, including Angi Inc. and Dotdash Meredith. The press release highlights IAC's commitment to financial discipline and evolving its portfolio.
On February 14, 2022, RoboKiller, a leading spam call and text blocker under IAC, released its 2021 Phone Scam Insights report. The findings reveal a dramatic increase in spam communications, with Americans receiving 87.8 billion spam texts (up 58%) and 72.2 billion spam calls (up 32%) over the year. Notably, consumers lost about $40 billion to phone scams, while RoboKiller's services helped prevent $100 million in losses. Vehicle warranty scams emerged as the most prevalent robocall category. The report highlights a trend towards increased spam texts, driven by scammers adapting to consumer behaviors.
MGM Resorts International and IAC are set to purchase a total of 9 million shares from Corvex Management at $45 per share, amounting to $405 million. Each company will invest $202.5 million, reflecting strong confidence in MGM's long-term growth. This buyback represents approximately 11.5% of MGM's outstanding shares.
The settlement is expected by February 16, 2022, and will be conducted under MGM's $3 billion stock repurchase program, leaving $636.7 million available post-transaction.
The latest report from RoboKiller reveals that Americans received approximately 6.5 billion spam calls in January 2022, marking a 4% increase from December. While spam text messages saw a 6% decrease, calls related to vehicle warranties remain the most prevalent. Additionally, scams posing as delivery companies dropped by 53%, possibly due to the holiday season's end. Despite expectations for reduced spoofed calls, the report indicates no significant change following the implementation of the STIR/SHAKEN framework.
Dotdash Meredith's Beautiful Kitchens & Baths magazine has unveiled its eleventh-annual list of the 30 Most Innovative Products, showcasing the year's top kitchen and bath design innovations. Featured products include Fisher & Paykel's Combination Steam Oven and Kohler's Avoir Toilet. Editor Samantha Hart highlights the advancements catering to consumer desires for style and functionality. The full list is available at BHG.com/30most. Dotdash Meredith, a leading publisher, operates under IAC (NASDAQ: IAC).
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