Iac Interactivecorp Stock Price, News & Analysis

IAC (NASDAQ: IAC) released its monthly metrics for May 2021, along with a new Investor Deck now available on its investor relations website. The company emphasizes its commitment to innovation, having evolved from a single entity into a major player with 11 public companies. IAC has notable ownership stakes in Angi Inc., including HomeAdvisor and Handy, and operates brands like Dotdash and Care.com. This update reaffirms IAC's approach of financially-disciplined opportunism while continuing to adapt and grow within the digital marketplace.

IAC (NASDAQ: IAC) announced the departure of CFO Glenn H. Schiffman, who will pursue a new opportunity after a transitional period. The company has commenced a search for a permanent replacement, while financial leadership will be managed by existing senior executives who will report directly to CEO Joey Levin. Schiffman expressed gratitude for his tenure and commitment to IAC's success, remaining on the board of Angi Inc. (NASDAQ: ANGI). IAC continues to uphold its mission to build companies and maintain shareholder value.

RoboKiller's latest report reveals a 5% decrease in total spam calls in May 2021, totaling approximately 5.3 billion calls, contrasting with a 20% average monthly growth earlier this year. In contrast, spam text messages increased by 7%, reaching 7.1 billion. The increase in spam texts indicates a shift to new scam methods. Despite fewer overall spam calls, the FCC reported $165 million in losses to fraud during Q1 2021, suggesting that financial losses remain alarming. Travel scams are surging as vaccination rates rise, posing further threats.

Dotdash, a business of IAC, will participate in the Cowen 49th Annual Technology Media & Telecom Conference on June 3, 2021. CEO Neil Vogel will host a fireside chat at 8:30 a.m. ET, with a live stream accessible to the public. A video replay will be available for 90 days post-conference. Dotdash is a leading online publisher with vibrant brands that serve over 100 million users monthly, winning over 80 awards last year. IAC, headquartered in New York City, is known for building companies and holds majority ownership in several, including Angi Inc.

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.