Welcome to our dedicated page for Iac Interactivecorp news (Ticker: IAC), a resource for investors and traders seeking the latest updates and insights on Iac Interactivecorp stock.
IAC Inc. (NASDAQ: IAC) is an internet content and communications services company that describes its mission as building businesses, often in digital media, online marketplaces, and related categories. Company news highlights that from a single original entity, IAC has produced multiple independent, publicly traded companies and continues to operate category-focused platforms such as People Inc. and Care.com, alongside strategic equity positions in MGM Resorts International and Turo Inc.
News about IAC frequently centers on earnings releases, investor presentations, and conference participation. The company regularly announces quarterly results and hosts earnings conference calls, with details furnished through press releases and Form 8-K filings. These updates give investors and analysts insight into segment performance, capital structure developments, and management’s discussion of operating conditions.
Another major stream of IAC-related news comes from its subsidiaries. People Inc., described as America’s largest digital and print publisher and formerly known as Dotdash Meredith, issues announcements about brand strategy, rebranding, and content partnerships. Recent examples include the renaming to People Inc. and an AI content partnership with Meta to provide real-time lifestyle content to Meta AI users, building on earlier commercial agreements with OpenAI and Microsoft.
Care.com, part of the IAC family, generates news around new services and tools in family and senior care. One release describes the launch of a Senior Care Advisor service that connects families with master’s-level social workers to create individualized care plans, reflecting how IAC-affiliated platforms expand their offerings.
Visitors to this IAC news page can review a stream of company and subsidiary announcements, including earnings communications, financing and credit agreement updates, partnerships, product and service launches, and governance matters disclosed via SEC filings. Checking this page helps readers follow how IAC’s mix of media, care, search, and marketplace businesses evolves over time.
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).
IAC is set to announce its fourth quarter results after market close on February 15, 2022, with a shareholder letter from CEO Joey Levin potentially featuring forward-looking information. A joint video conference with Angi Inc. will follow on February 16, 2022, at 8:30 a.m. ET, to discuss the results. The event will be publicly accessible through a live stream. IAC focuses on building innovative companies and is known for its portfolio, including Angi Inc. and Dotdash Meredith.
IAC has released its monthly metrics for December 2021, now available on its investor relations website. The company continues to focus on a variety of brands and businesses, including Angi Inc. (ANGI) and Dotdash Meredith. With a commitment to financially disciplined opportunism, IAC is oriented towards building and acquiring innovative products. The metrics provide insights into the company’s performance as it evolves and consolidates its market position.
Summary not available.
IAC has appointed Chris Halpin as Chief Financial Officer effective January 26, 2022. Halpin brings extensive experience from the NFL, where he managed strategic growth and digital initiatives. His background includes overseeing international business and sports betting strategies. Halpin aims to enhance shareholder value by capitalizing on digital engagement trends. CEO Joey Levin emphasized Halpin's ability to navigate emerging consumer technologies, marking a significant leadership transition for IAC.