Tag Archives: iaci

IAC/InterActiveCorp. (IACI) stock fell Wednesday after the owner of dating site Match.com swung to a Q2 loss and posted revenue below analysts’ expectations. While the company added subscribers to its dating sites, its revenue fell in its Search & Applications unit, which includes the Ask.com search portal. IAC stock was up a fraction in afternoon trading in the stock market today, near 67. That’s more than 15% below the stock’s seven-year high of

The U.S. Supreme Court decision last month against Aereo apparently wasn’t the slam dunk that television broadcasters first thought. The high court’s ruling gave Aereo a few options for how it could continue operating legally. Aereo shut down its service, which streamed free, over-the-air TV to subscribers via the Internet, after the June 25 decision to evaluate its options. Aereo delivered live and time-shifted programming from Internet cloud-based DVRs and antennas. It is backed by IAC (IACI), which is run by media mogul Barry Diller. In a 6-3 decision, the justices ruled that Aereo’s business was no different from that of a cable TV provider, despite differences in technology. The court said Aereo infringed on the rights of copyright holders with its service because it did not get retransmission consent from the broadcast networks and pay for the content. In a letter Wednesday to a New York federal court judge,…

Online dating has become a big business for companies like IAC (IACI), which owns Match.com, OkCupid and other hook-up services. As the segment has grown in prominence, so too has ridicule of online matchmaking services by comedians. Late Friday, Business Insider reported that IAC was close to acquiring HowAboutWe, a New York-based startup for singles. Meanwhile, IAC’s majority-owned Tinder dating app is making headlines in Brazil, where people are using it to make romantic connections during the World Cup. Quartz reported last week that Tinder had seen a 50% increase in downloads and usage in Brazil since the soccer tournament began in mid-June. While online dating is increasingly commonplace, comedians like to poke fun at the superficiality of some services and how narrow others are. Tinder seems to get the most attention from comics because users are asked to judge people on their looks and because of its use in…