IAC Inc. - IAC STOCK NEWS

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.

Vivian Health, an IAC company, has rebranded from NurseFly to enhance its healthcare job marketplace services. The platform now supports a wider range of healthcare positions beyond travel nursing. It has seen a 348% increase in job seekers, facilitating over 1 million applications recently. Vivian’s new features include machine-learning job matching, detailed salary insights, unbiased employer reviews, and a resume builder to streamline the job search process. A recent survey indicates significant shifts in job priorities among healthcare workers, with 43% considering leaving the profession.