IAC Inc. - $IAC STOCK NEWS

Care.com, a leading online platform for family care, has unveiled a new Care Spending Account product aimed at helping employers financially support their employees' care expenses. This addition to their Care for Business segment allows employers to make flexible monthly or annual contributions towards employees' care costs, including childcare, senior care, and pet care. The development of this product aligns with findings from Care.com’s 2024 Future of Benefits Report, which indicated a high demand for cash subsidies for care among employees. CEO Brad Wilson emphasized the growing importance of care benefits in the workplace and the company's goal to provide holistic support to employers. The Care Spending Account will be powered by First Dollar, a tech firm specializing in health spending benefits.

Care.com, a leading online platform for family care, has partnered with Found, a banking platform for independent workers, to offer caregivers new financial tools. This partnership allows caregivers to create a Found bank account to receive wages, track income and expenses, view financial insights, and manage invoicing. Naaz Nichols, Care.com's Chief Customer Service Experience Officer, emphasized the importance of treating caregivers as professionals by providing these financial tools. Caregivers on Care.com will also have access to a $100 bonus by depositing $1,000 into a Found account within 60 days of signing up.

IAC (NASDAQ: IAC) announced its participation in the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 22, 2024.

Joey Levin, CEO of IAC and Chairman of Angi Inc., will engage in a fireside chat at 10:00 a.m. ET.

The fireside chat will be accessible both live and via replay on the IR section of IAC's website.

IAC released its first-quarter financial results and a letter to shareholders, available on its website. A conference call with Angi Inc. will discuss the results on May 8, 2024.

Dotdash Meredith (DDM), America's largest digital and print publisher, announced a strategic partnership with OpenAI to enhance ChatGPT with trusted content from iconic media brands including PEOPLE, Better Homes & Gardens, FOOD & WINE, Verywell, InStyle, and Investopedia. The agreement aims to improve DDM's cookieless ad targeting solution, D/Cipher, with AI-powered capabilities and insights to enhance advertiser performance. OpenAI will display DDM content in ChatGPT responses, collaborate with DDM on new AI products, and use historical content to boost model performance. The partnership signifies a move towards fair compensation for publishers and creators by AI platforms.

Care.com has appointed Amit Goyal as their Chief Technology Officer (CTO) to lead the technology and engineering teams in developing a new platform. This move aims to unify Care's digital properties and enhance the delivery of innovative products and services. Goyal's background in managing teams and building distributed platforms, along with his product development expertise, makes him an ideal fit for the role.

IAC is set to announce its Q1 2024 earnings on May 7th, with a conference call scheduled for May 8th. CEO Joey Levin will share forward-looking information in a letter to shareholders.

IAC partners with Ben Sherwood and Joanna Coles to lead The Daily Beast, aiming to revitalize the news platform with riveting journalism. Sherwood becomes Publisher and CEO, while Coles becomes Chief Creative and Content Officer.

Care.com's 2024 Future of Benefits Report highlights the importance of care benefits in the workplace, showing that they enhance productivity and employee satisfaction. The report reveals that employers are increasingly prioritizing child care and senior care benefits, with employees across all generations valuing caregiving support. Financially-related care benefits are in high demand, with employees seeking ways to mitigate the cost of care. Family care benefits play a crucial role in successful work arrangements, including the return to office, as employers recognize the positive impact on productivity. The report emphasizes the alignment between employer objectives and worker needs, showcasing the significant role care benefits play in fostering a productive work environment.