IAC Inc. - IAC STOCK NEWS

Vimeo, a subsidiary of IAC, will host an Investor Day on March 24, 2021, from 10:00 am to 12:00 pm ET, accessible via live webcast. The event will feature presentations from CEO Anjali Sud, CFO Narayan Menon, and CTO Mark Kornfilt, focusing on Vimeo's future as it prepares for a proposed spin-off into an independent entity. This spin-off aims to create enhanced value and operational independence for Vimeo while providing stakeholders with insights into its strategic direction.

Vimeo, in collaboration with Mailchimp Presents, launched the Stories in Place collection on February 23, 2021. This video series, funded by grants, showcases Black filmmakers documenting the narratives of Black-owned small businesses globally. Initiated in April 2020, the program highlights the resilience of these businesses amid the pandemic and social injustices. Featured films include stories from various entrepreneurs, emphasizing their unique contributions and struggles. You can view the collection at vimeo.com/storiesinplace.

RoboKiller released its annual Robocall Report, detailing spam call and text trends for 2020. The pandemic caused a 50% decline in spam calls from April to June, but volumes returned to normal by September, averaging 5 billion monthly. Americans lost $319 million to COVID-19 related fraud, with scam texts hitting 55.4 billion in total. Texas was the top state for spam calls, receiving 6.3 billion. Predictions for 2021 indicate a surge in spam texts, potentially reaching 90 billion.

Care.com has established a Safety Advisory Council to enhance its safety protocols, composed of experts including Janice K. Fedarcyk, Tom Siegel, and Glen Pounder. Chaired by General Counsel Melanie Goins, the Council aims to guide Care.com in advancing industry safety standards. The initiative follows the hire of Megan Poonolly as Head of Safety. New measures include in-platform video interviews and enhanced screening tools, reinforcing Care.com's commitment to prioritizing safety for families and caregivers. The Council's first meeting is set for Q1.

Vimeo, an operating business of IAC (NASDAQ: IAC), is set to participate in the virtual Goldman Sachs Technology and Internet Conference on February 10, 2021. CEO Anjali Sud will engage in a fireside chat at 9:40 a.m. EST. A live webcast of the event will be accessible to the public at IAC's investor relations page. Vimeo serves over 200 million users, offering a comprehensive video software solution that empowers individuals and organizations worldwide.

IAC (NASDAQ: IAC) released its fourth quarter financial results on February 3, 2021, and announced a virtual conference call scheduled for February 4, 2021, at 8:30 a.m. ET. The call will feature key executives from IAC and ANGI Homeservices. IAC has built a diverse portfolio over two decades, including well-known companies like Vimeo and Care.com, with a focus on financial discipline and innovation. Investors can access the detailed earnings report and shareholder letter on IAC's investor relations website.

Mosaic Group, a mobile app developer, announced the launch of a new academic program, Expanding Access, aimed at underrepresented communities. The program will feature a lecture series starting on February 1st at Jackson State University, covering various aspects of technology careers. Following this, it will expand to Medgar Evers College on March 1st. Students completing the course may apply for a six-month mentorship program. CEO Zachary Roseman emphasized the initiative's goal to create equitable opportunities for Black and POC students.

Vimeo has launched an updated suite of video marketing tools designed to enhance customer engagement and lead generation for businesses. The new features include customizable in-video contact forms and integrations with platforms such as HubSpot, Mailchimp, and Constant Contact. These enhancements enable marketers to collect viewer data seamlessly and use video content more effectively in email campaigns, which can boost engagement rates significantly. Vimeo's latest tools are available for Business, Premium, and Enterprise users, further expanding its capabilities as a leading video solution.

On January 25, 2021, Vimeo, an IAC business, announced it raised $300 million in primary equity from T. Rowe Price and Oberndorf Enterprises at a valuation exceeding $5 billion. This follows a previous $150 million equity raise in November 2020 as part of IAC's plan to spin off Vimeo as an independent public company. The new investment includes $200 million at a $5.2 billion pre-money valuation and $100 million at $5.7 billion. Vimeo reported a 57 percent year-over-year revenue growth in December 2020, highlighting strong demand for its video services.