IAC Inc. - IAC STOCK NEWS

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.

RoboKiller's latest report reveals a 5% decrease in total spam calls in May 2021, totaling approximately 5.3 billion calls, contrasting with a 20% average monthly growth earlier this year. In contrast, spam text messages increased by 7%, reaching 7.1 billion. The increase in spam texts indicates a shift to new scam methods. Despite fewer overall spam calls, the FCC reported $165 million in losses to fraud during Q1 2021, suggesting that financial losses remain alarming. Travel scams are surging as vaccination rates rise, posing further threats.