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's latest report shows that Americans received approximately 5.74 billion spam calls in July 2021, marking a 3% decline from June. Conversely, spam texts rose to 7.1 billion, a 5% increase. The decrease in robocalls is linked to the FCC's STIR/SHAKEN technology, which helped reduce 145 million spoofed calls. Despite these improvements, spam texts are expected to rise by 3-5% in August as scammers adjust their tactics. The report also highlights a significant increase in insurance-related scams.
IAC (NASDAQ: IAC) announced its second quarter financial results on August 4, 2021, available on their investor relations site. A live video conference discussing these results with key executives, including IAC CEO Joey Levin, will occur on August 5, 2021, at 8:30 a.m. EDT. IAC is known for building companies and has majority ownership of Angi Inc. and its subsidiaries, including HomeAdvisor Powered by Angi and Handy. The firm's approach is characterized by financially disciplined opportunism and a commitment to innovation.
IAC will release its second-quarter results after market close on August 4, 2021. CEO Joey Levin will also issue a shareholder letter potentially containing forward-looking information. A joint video conference with Angi Inc. will follow on August 5 at 8:30 a.m. EDT, allowing public access to discuss the quarter's results. IAC is focused on innovation and growth, currently holding majority ownership of Angi Inc. and operating brands like Dotdash and Care.com.
Teltech Systems has launched SwitchUp, a new second phone number app designed for users to manage personal and professional communications seamlessly. With a focus on privacy, SwitchUp integrates a robust spam call and text blocking feature powered by RoboKiller, boasting 99% effectiveness. This app targets professionals and entrepreneurs who need to balance work and personal life, eliminating the need for multiple devices. Available on the Apple App Store, SwitchUp aims to enhance user experience with customizable features and superior call quality.
IAC has released its monthly metrics for June 2021, available on their investor relations website. IAC, a company focused on building and acquiring brands, has evolved significantly over the past two decades, resulting in ten public companies. The firm holds majority ownership of Angi Inc., which encompasses HomeAdvisor and Handy, alongside its other operations including Dotdash and Care.com. IAC's principles emphasize financially-disciplined opportunism, reflecting its commitment to innovation and market evolution.
Care.com announced the expansion of its enterprise services through new partnerships with CollegeVine and Talkspace. Effective immediately, CollegeVine will enhance LifeCare services for existing clients, offering guidance for high schoolers. Talkspace will provide mental health support as a standalone service starting July 2021. The partnerships address the growing needs for college advising and mental health support, targeting over 15 million employees. The initiatives reflect Care.com’s commitment to comprehensive family care benefits, emphasizing the importance of mental health in the workplace.
RoboKiller reports a staggering 5.9 billion spam calls in June 2021, marking an 11% increase from May. Spam texts reached 7.1 billion, with only a 1% rise. Driven by the FCC's recent STIR/SHAKEN enforcement, the increase in spam calls is notable as scammers exploit loopholes before tighter regulations take effect. RoboKiller anticipates a 5-10% decrease in spam calls in July, while spam texts may rise by 5%. Texas leads with the highest spam calls and texts. Awareness and mitigation strategies are essential for consumers facing evolving scams.
Eggland's Best and Daily Burn are hosting a sweepstakes until June 25, 2021, inviting fitness enthusiasts and families to enter for a chance to win fitness-themed prizes. Prizes include EB egg coupons, Daily Burn memberships, and workout gear. A grand prize winner will receive a 12-month Daily Burn membership and a year’s supply of Eggland's Best eggs. The collaboration aims to promote nutritious choices for an active lifestyle, highlighting the superior nutritional benefits of Eggland's Best products, including higher vitamin content compared to ordinary eggs.
IAC (NASDAQ: IAC) released its monthly metrics for May 2021, along with a new Investor Deck now available on its investor relations website. The company emphasizes its commitment to innovation, having evolved from a single entity into a major player with 11 public companies. IAC has notable ownership stakes in Angi Inc., including HomeAdvisor and Handy, and operates brands like Dotdash and Care.com. This update reaffirms IAC's approach of financially-disciplined opportunism while continuing to adapt and grow within the digital marketplace.
IAC (NASDAQ: IAC) announced the departure of CFO Glenn H. Schiffman, who will pursue a new opportunity after a transitional period. The company has commenced a search for a permanent replacement, while financial leadership will be managed by existing senior executives who will report directly to CEO Joey Levin. Schiffman expressed gratitude for his tenure and commitment to IAC's success, remaining on the board of Angi Inc. (NASDAQ: ANGI). IAC continues to uphold its mission to build companies and maintain shareholder value.
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