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Vimeo Announces Spinoff From IAC: What Investors Need To Know
Tuesday, December 22, 2020 - 4:50pm | 194Online video platform Vimeo is set to spin off from parent company IAC/Interactivecorp (NASDAQ: IAC), it was announced Tuesday. This spin off is set to take place in the second quarter of 2021, and shareholders of IAC would automatically be credited with shares of Vimeo. IAC...
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IAC Shares Rally On Vimeo Funding, Possible Spinout
Friday, November 6, 2020 - 11:06am | 307IAC/InterActive Corp (NASDAQ: IAC) shares are trading higher after reporting third-quarter earnings and announcing a possible spinoff of its Vimeo business. Q3 Earnings: Third-quarter revenue was up 12% year-over-year. The company reported revenue up 9% to $389.9 million for its ANGI...
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IAC/InterActiveCorp Reports Q2 Sales Beat
Wednesday, August 7, 2019 - 4:14pm | 256IAC/InterActiveCorp (NASDAQ: IAC) reported a second-quarter sales beat on Wednesday. Sales came in at $1.187 billion, beating estimates by $6 million. GAAP earnings came in at 1.19 per share, which may not compare to the 95 cent estimate. The company also disclosed its intention to explore the...
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Analyst: ANGI Homeservices Remains Headwind For IAC/Interactive, But Overall Valuation Improving
Tuesday, February 12, 2019 - 4:01pm | 467IAC/InterActive Corp (NASDAQ: IAC) has a path to a $2-3-billion valuation, according to Guggenheim. The Analyst Guggenheim analyst Jake Fuller maintains a Neutral rating on IAC/Interactive. The Thesis Although ANGI Homeservices Inc (NASDAQ: ANGI) investments are headwinds,...
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InterActive Corp's Value-Creating Track Record Speaks For Itself
Monday, March 27, 2017 - 12:55pm | 387Citi's Mark Kelley initiated coverage of IAC/InterActiveCorp (NASDAQ: IAC) with a Buy rating and $89 price target as the company has established an impressive track record of generating shareholder value. According to Kelley, IAC has proven itself to be a "shareholder value creation engine...
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IAC/InterActiveCorp: 'A Successful Past With A Brighter Future'
Friday, February 3, 2017 - 1:03pm | 419Online content company IAC/InterActiveCorp (NASDAQ: IAC) reported strong fourth-quarter results, despite a mixed quarter from Match Group Inc (NASDAQ: MTCH), highlighting more stabilization and increasing contribution from HomeAdvisor and video. Match, HomeAdvisor And Video IAC owns an 86 percent...
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Interactive Corp, You're The Real MVP
Friday, November 4, 2016 - 12:38pm | 215On Wednesday, IAC/InterActive Corp (NASDAQ: IAC) reported estimate-beating earnings and revenue. Jefferies' equity research analyst Brian Fitzgerald maintains a Hold rating for the stock while raising his price target from $60 to $74 following the CEO's conference call on Thursday. The analyst...
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Some Items To Remember Ahead Of InteractiveCorp's Q3 Earnings
Monday, October 10, 2016 - 11:50am | 428Robert "Bob" S. Peck of SunTrust Robinson Humphrey believes that for the Q3 earnings report from IAC/InterActiveCorp (NASDAQ: IAC), it is important to remember the company’s publishing and apps businesses took on a restructuring charge in the previous quarter. Peck maintains a Buy rating on...
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Dan Kurnos On Amazon's Video Direct: Don't Hold Your Breath For YouTube-Lite
Tuesday, May 10, 2016 - 4:24pm | 427Amazon.com, Inc. (NASDAQ: AMZN)'s new video platform would fall at the long-end spectrum of long-term catalysts, Daniel Kurnos of Benchmark told Benzinga. Shares of Amazon rose more than 3 percent after the online retail giant unveiled a new platform, Video Direct, which enables people to...
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Indonesia Bans Tumblr For 'Pornographic Content,' Yahoo Investors Quiet
Wednesday, February 17, 2016 - 11:00am | 356Indonesia announced it would ban Tumblr and 477 other websites for their “pornographic content,” according to a statement made Wednesday by Azhar Hashim, a director of the country’s Ministry of Communications and Information Technology, the Jakarta Globe reported. The decision...
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The Facebook Hustle
Tuesday, January 13, 2015 - 9:10pm | 579Facebook Inc (NASDAQ: FB) was arguably the catalyst for the social media explosion seen over the past ten years, but the company has been working to expand its portfolio as consumer preferences shift and attention spans become increasingly shorter. WhatsApp Proves A Solid Investment In 2014,...
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Internet Slowdown Day Is Here
Wednesday, September 10, 2014 - 2:29pm | 961Net neutrality, the principle that all Internet data should be treated equally and that access to that data should be free and unfettered, is the theme behind Wednesday’s Internet Slowdown Day. Many large websites, net neutrality advocates all, have banded together to demonstrate what...
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Can Google Glass Read Your Mind?
Thursday, July 10, 2014 - 12:40pm | 688As if Google (NASDAQ: GOOG) (NASDAQ: GOOGL) Glass didn’t have enough to deal with on the “privacy concerns” front, now a team in London is about to launch a new app that could allow users to control the device with their thoughts, according to TechCrunch. The company, This...
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Is iPad 2 Worth The Upgrade? (AAPL)
Wednesday, March 2, 2011 - 5:14pm | 382The Apple (NASDAQ: AAPL) iPad 2 sure sounds like a promising device. But if you already own the one-year-old original, do you really need to upgrade? Its list of features is quite impressive, if not a little predictable: two cameras, a faster processor, and a thinner/lighter design. The screen...
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What Groupon Could Do For Google
Friday, November 19, 2010 - 12:35pm | 450For the time being, Groupon is still an independent company. Google Inc. (NASDAQ: GOOG) hopes to change that, as the search engine leader aims to add another strong brand to its portfolio. All Things Digital believes that owning the “hot space around local purchasing and consumer information,...