Welcome to our dedicated page for Iac Interactivecorp news (Ticker: IAC), a resource for investors and traders seeking the latest updates and insights on Iac Interactivecorp 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.
Vimeo, an operating business of IAC, is set to finalize its spin-off from IAC in Q2 2021, transitioning into a publicly traded company on Nasdaq. The new Board of Directors will consist of 11 members, including Joey Levin (IAC CEO), Anjali Sud (Vimeo CEO), and notable industry figures like Spike Lee and Alesia Haas. This move reflects Vimeo's growth into a leading player in its market, highlighting its robust management team and ambitious goals. The spin-off awaits final approval from IAC's Board, stockholders, and a tax opinion.
RoboKiller reported a staggering 7.4 billion spam text messages and 6.3 billion spam calls in March 2021, marking a 37% increase in spam texts from February. The rise in spam communications is attributed to heightened scam activity as COVID-19 restrictions ease. Notably, top spam-texted states include Texas, Georgia, and Illinois, with vehicle warranty and health insurance scams being prevalent. Despite FCC efforts to combat robocalls, spam levels are expected to remain high, reflecting ongoing consumer vulnerability amid economic stress.
IAC released its monthly metrics for February 2021 on its investor relations website. The company focuses on building innovative companies and has successfully transitioned from a single entity into ten public companies over two decades. IAC operates a range of well-known brands, including Vimeo, Dotdash, Care.com, and has majority ownership of ANGI Homeservices, which encompasses HomeAdvisor, Angie's List, and Handy. IAC's strategy is driven by financially-disciplined opportunism, aiming for continuous evolution in the digital landscape.
RoboKiller reports a surge in spam calls and texts in February 2021, with Americans receiving 5.6 billion spam calls, a 10% increase from January. Spam texts also rose to 5.8 billion, marking a 15% increase. The primary scam type is vehicle warranty-related, comprising 23% of total spam calls. Texas leads in spam calls, while Alaska tops spam texts per person. RoboKiller predicts a potential 70 billion spam calls and 90 billion spam texts by year-end, urging users to employ blocking technologies to combat scams.
IAC (NASDAQ: IAC) is set to participate in the 2021 Truist Securities Technology, Internet & Services Conference on March 10, 2021. Glenn Schiffman, the Chief Financial Officer, will engage in a fireside chat at 8:00 a.m. ET, with a live webcast accessible to the public at IAC's Investor Relations website.
IAC is known for its innovative approach, operating key brands like Vimeo, Dotdash, and Care.com, and holding majority stakes in ANGI Homeservices.
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.
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