IAC/InterActiveCorp. (IACI) has renewed its pact with Alphabet (GOOGL)-owned search leader Google, but the parent of the about-to-go-public dating site Match.com watched its stock tumble on Tuesday. IAC stock was down more than 5% in afternoon trading on the stock market today, near 64. Since the start of the year, IAC stock has gained 6%, but it’s off 24% from its all-time high of 84.66 touched on July 14. As part of its Q3 earnings report
The world of “anonymous apps” includes the likes of Whisper, Yik Yak and 5-year-old Ask.fm. A peer question-and-answer social-media site that lets its mostly youthful users go incognito, Ask.fm was acquired last year by IAC/InteractiveCorp (IACI). The company has 90 employees in Latvia, where it was founded; Dublin, Ireland, which is Ask.fm’s headquarters; and Oakland, Calif. The site says it has 150 million users, up from 65 million in June 2013.
It’s official: IAC/InterActiveCorp (IACI)– the parent of dating sites Match.com, Tinder, PlentyOfFish and OKCupid — has filed documents for an initial public offering, finally putting a ring on the long-anticipated move. But the dating giant on Monday received a ratings downgrade from Standard & Poor’s, which lowered its corporate credit rating on New York City-based IAC/InterActiveCorp to BB from BB+. Standard & Poor’s also lowered its