Welcome to our dedicated page for IAC news (Ticker: IAC), a resource for investors and traders seeking the latest updates and insights on IAC 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.
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.
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