Iac Interactivecorp - IAC STOCK NEWS

IAC has announced the appointment of Kendall Handler as Senior Vice President and General Counsel, effective January 1, 2021. She succeeds Gregg Winiarski, who will step down on December 31, 2020, after over a decade in this role. Ms. Handler joined IAC in 2017, leading significant transactions, including the acquisition of Care.com and a $1 billion investment in MGM. CEO Joey Levin praised her contributions and expressed confidence in her leadership as IAC continues to build its future.

On November 17, 2020, The Spruce, a Dotdash brand, launched its new Organization Collection in partnership with Lowe's. Designed for innovative home organization, the product line includes BPA-free clear plastic bins in various shapes and sizes that enhance space utility. This collection marks its first entry into physical retail, with more than 100 application ideas identified by The Spruce's editorial team to assist customers in organizing their homes. The product line is available in Lowe's stores nationwide and online.

RoboKiller recently reported a surge in political text messages following the November 2020 elections, estimating nearly 270 million messages sent from November 4 to November 9. The majority of texts were from Republican sources, totaling over 216 million, but a 17% drop was noted since November 3. In contrast, Democratic messages saw a significant 65% decrease, dropping to under 8.5 million per day. RoboKiller anticipates continued high levels of political texting as future elections approach, emphasizing the importance of managing unwanted messages.

IAC has released its third quarter financial results along with a letter to shareholders, available on its investor relations website. A virtual conference call discussing the results will be held on November 6, 2020, at 8:30 a.m. ET. Key participants include CEO Joey Levin and CFO Glenn H. Schiffman. IAC continues its legacy of building and acquiring companies, maintaining ownership of brands like Vimeo, Dotdash, and ANGI Homeservices, which includes HomeAdvisor and Angie's List. The company is based in New York City.

On November 5, 2020, Vimeo, a subsidiary of IAC, announced a $150 million equity investment from Thrive Capital and GIC, valuing the company at $2.75 billion. This funding aims to enhance R&D, sales, and international growth. Amid record demand, particularly from corporate clients, Vimeo has over 200 million users globally and 3,500 enterprise customers, including Amazon and Starbucks. CEO Anjali Sud highlighted the goal of simplifying video creation for businesses, as Vimeo reported a 44% year-over-year revenue increase in Q3.

In October 2020, RoboKiller reported a staggering 5.06 billion political text messages sent to Americans, marking an 85% increase from September and the highest monthly total on record. The data highlights a significant shift from phone calls as political campaigns increasingly rely on text messaging to engage voters and solicit donations. Major states receiving these messages include California, Florida, and Texas, which together accounted for 35% of the total. The rise in political texts reflects changing campaign strategies amidst the ongoing pandemic.

On October 27, 2020, Vimeo launched Vimeo Record, a free video messaging tool aimed at enhancing workplace collaboration for distributed teams. The platform allows users to record screen videos, share messages, and provide feedback efficiently. Following a surge in demand during the pandemic, Vimeo reports a 40-50% monthly revenue growth and a 500% increase in Vimeo Enterprise accounts. With over 200 million global members, Vimeo targets over 1 billion knowledge workers to leverage video communication. The tool is designed to replace lengthy emails and Zoom calls, offering a streamlined communication method.

RoboKiller's Political Insights Report reveals that over 2 billion political messages were sent to Americans in the past 30 days ahead of the Presidential Election. Republicans led with approximately 1.5 billion text messages, compared to Democrats' 615 million. Political robocalls fell to around 1 million for Republicans and just over 900,000 for Democrats. The rise of peer-to-peer texting has influenced this trend, effectively increasing voter turnout, particularly among younger voters. Political messaging is expected to continue until polls close on November 3rd.