Ask.com shutters, as its owner IAC “continues to sharpen its focus”; a dot-com era icon, Ask Jeeves launched in 1997, a year before Google
“As IAC continues to sharpen its focus, we have made the decision to discontinue our search business, which includes Ask.com.
IAC board approves the spinoff of home improvement marketplace Angi; IAC has previously spun off companies like Expedia, Ticketmaster, and LendingTree
Salvador Rodriguez / CNBC :
Sources: for months, OpenAI has held talks with major news publishers including Gannett, News Corp, and IAC about the price and terms of licensing their content
Several major publishers have been in talks to license content to the creator of ChatGPT, but agreement on the price and terms has been elusive.
Sources: Apple discussed multiyear $50M+ deals with NBC News, Condé Nast, IAC, and other media organizations to train its generative AI systems on news articles
The company has discussed multiyear deals worth at least $50 million to train its generative A.I. systems on publishers' news articles.
IAC and PwC: 2022 US digital ad revenue rose 10.8% YoY to $209.7B, down from 35% growth in 2021; social media ad revenue rose 3.6% YoY, down from ~39% in 2021
winners include @amazon @netflix @hbomax as Retail Media & streamers win; social media ad biz slowing down (except @tiktok_us ) .. must read from @megancgraham https://www.wsj.com/... @mrdcohen : The ...
Vimeo acquires Wibbitz, a short-form video creation service, and Wirewax, which builds tech to make objects in videos “shoppable”
Vimeo, the B2B video platform that spun out from IAC earlier this year, has made a pair of acquisitions aimed at building out the suite of features …
Biden EO will encourage the FCC to bring back net neutrality and enforce clearer pricing labels for ISPs, asks FTC to draft right-to-repair rules, more
but it can't until he picks a third Democrat Pia Singh / CNBC : IAC CEO says Apple is ‘worse’ than Google and will be next target in U.S. antitrust crackdown Tyler Lee / Ubergizmo : President Joe Bide...
Vimeo stock fell 12.85% on Tuesday, its first day of trading as a public company after spinning off from IAC, closing at $45.39/share, with a ~$7.2B market cap
IAC shareholders will vote on the spinoff of Vimeo on May 14; Vimeo posted Q1 revenue of $89.4M, up 57% YoY
Emily Bary / MarketWatch : See also Mediagazer
Vimeo raises $300M at a valuation of $6B, nearly doubling in value in less than three months, ahead of the unit's scheduled spinoff from IAC in Q2
Brody Ford / Bloomberg :