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In purchasing Ask.fm, which is used by 120 million people worldwide, the Internet mogul is betting he can clean up a star-crossed site How high is Barry Diller's tolerance for the tawdry? The 72-year-old billionaire, who is the chairman and senior executive of Internet holding company IAC, has in recent years added Tinder-presently dogged by a ... (more)
Ask.com, owned by IAC/InteractiveCorp, said Thursday it acquired Ask.fm, a question and answer social network, signaling another move to integrate search and social.
Ask.com Buys Ask.fm, an Anonymous Q.&A. Start-Up - Ask, and ye shall receive. - Ask.com, the Oakland, Calif.-based company owned by IAC/InterActiveCorp, announced on Thursday it had acquired Ask.fm, a highly popular question-and-answer website.
Billionaire Daniel Loeb's Third Point LLC hedge-fund firm amassed new stakes in cloud-computing provider Rackspace Hosting Inc. and IAC/InterActiveCorp., while exiting Verizon Communications Inc. and Google Inc. in the second quarter.
The firm set a "buy" rating and a $85.00 price target on the stock. Maxim Group's target price would indicate a potential upside of 31.23% from the stock's previous close.
IAC/InteractiveCorp. released earnings before the bell on Wednesday, July 30th, and despite disappointing results bounced +4.70%, closing at $69.90.
IAC/InterActiveCorp declared a quarterly dividend on Thursday, July 31st, Analyst Ratings.Net reports.
Aereo, the embattled Web TV startup, says it hasn't thrown in the towel in the wake of its Supreme Court defeat.
Tinder could generate as much as $75 million a year in earnings before interest, taxes, depreciation and amortization, Greg Blatt , chairman of IAC's Match Group unit, said on a conference call today to discuss IAC's earnings.
IAC/InterActiveCorp fell after reporting its first quarterly loss in more than four years as the company wrote down its investment in Internet-TV startup Aereo Inc. IAC swung to a second-quarter net loss of $18 million, the New York-based company said today in a statement.
The terms of the transaction were not disclosed. The transaction is expected to close on August 1, 2014, subject to satisfaction of customary closing conditions.
Ever since the big kerfuffle over Facebook's emotion manipulation study - and the defense that this happens all over the Web all the time - we've been wondering what other experiments we may have been part of without knowing it.
Updated: Fri Aug 15, 2014 11:32 am
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