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 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.
Dotdash, a business of IAC, will participate in the Cowen 49th Annual Technology Media & Telecom Conference on June 3, 2021. CEO Neil Vogel will host a fireside chat at 8:30 a.m. ET, with a live stream accessible to the public. A video replay will be available for 90 days post-conference. Dotdash is a leading online publisher with vibrant brands that serve over 100 million users monthly, winning over 80 awards last year. IAC, headquartered in New York City, is known for building companies and holds majority ownership in several, including Angi Inc.
Vimeo begins trading on Nasdaq under the symbol VMEO following its spin-off from IAC. As the 11th public company from IAC, Vimeo is positioned as the leading all-in-one video software solution, tapping into a potential $70 billion market by 2024. IAC shareholders received 1.6235 shares of VMEO for each IAC share held as of May 24. Vimeo serves over 200 million users, enhancing video capabilities for businesses worldwide. The leadership expresses confidence in Vimeo's future as an independent entity, aimed at further innovation.
Eggland's Best has partnered with Daily Burn to promote nutrition and fitness as summer approaches. Their collaboration includes the Daily Burn and Eggland's Best Sweepstakes running until June 25, offering prizes like EB egg coupons and fitness gear. The campaign aims to educate families on nutrient-dense foods, like Eggland's Best eggs, which boast superior nutrition compared to ordinary eggs. Notably, EB eggs offer six times more Vitamin D and are recognized for freshness and taste. The initiative highlights health optimization through expert guidance on fitness and nutrition.
Vimeo has launched the Video Library, a centralized video hub that enhances workplace communication, aiming to improve collaboration among distributed teams. This platform allows employees to easily create, share, and find video content, significantly saving time—up to an hour per day. Key features include instant sharing, automated transcription for quick search, and organized video assets for easy access. This innovation supports Vimeo’s growth in the video SaaS market, projected to reach $70 billion by 2024, and is available to all Vimeo Enterprise customers.
Vimeo, an operating business of IAC (NASDAQ: IAC), will participate in the JP Morgan Technology, Media and Communications Conference on May 26, 2021. Anjali Sud, CEO of Vimeo, is set to engage in a fireside chat at 10:25 a.m. ET. The session will be accessible via a live audiocast, with a replay available afterward on Vimeo's investor relations site. Vimeo serves a community of over 200 million users with its all-in-one video software solution, supporting a variety of professionals and organizations worldwide.
Teltech Systems has launched RoboKiller's Call Confidence API, an enterprise-grade robocall prevention technology designed to protect businesses from phone fraud. This API leverages advanced algorithms that have already saved Americans over $150 million from spam calls. With a database of over 600 million spam calls blocked, the technology integrates machine learning and customer feedback. Additionally, it helps voice providers comply with FCC guidelines ahead of the June 30 deadline, ensuring robust compliance and protection against illegal calls.
IAC announced that its stockholders have approved the spin-off of Vimeo from IAC's remaining businesses during a meeting held on May 14, 2021. The completion of the spin-off is expected by May 25, 2021, when Vimeo will commence trading on Nasdaq under the ticker symbol 'VMEO'. From May 18 through May 24, Vimeo will trade on a 'when-issued' basis with the symbol 'VMEOV'. IAC intends to file a Form 8-K detailing the final vote results once certified. This spin-off reflects IAC's strategy to create and manage a diverse portfolio of companies.
IAC has released its first quarter financial results, including a shareholder letter available on its investor relations website. A live-stream video conference is scheduled for May 7, 2021, at 8:30 a.m. EDT, featuring CEO Joey Levin and other executives discussing the results and answering questions. IAC operates brands like Vimeo and Dotdash, and has a majority stake in Angi Inc., which includes HomeAdvisor and Handy. The company's focus remains on financially disciplined opportunism and continuous evolution.
IAC's Vimeo has released its first quarter financial results, which are now available on the investor relations section of the IAC website. A live stream video conference will occur on May 6, 2021, at 8:30 a.m. EDT, where CEO Anjali Sud and CFO Narayan Menon will discuss the results and answer questions. Vimeo serves over 200 million users and is positioned as a leading all-in-one video software solution.
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