IAC Inc
Stocks making the biggest moves after hours: DoorDash, Lyft, Upstart, Super Micro Computer and more
Check out the companies making headlines in extended trading. DoorDash — The food delivery stock traded nearly 6% higher after better-than-expected revenue for the fourth quarter. DoorDash reported revenue of $2.87 billion in its most recent quarter, while analysts surveyed by LSEG forecast $2.84 billion. Gilead Sciences — The biopharmaceutical stock advanced 4% after fourth-quarter […]
Read More
Match appoints Zillow co-founder Spencer Rascoff as CEO
FILE PHOTO: Spencer Rascoff, co-founder and executive chairman of dot.LA, speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020. Patrick T. Fallon | Bloomberg | Getty Images Match Group announced on Tuesday that Zillow co-founder Spencer Rascoff will serve as its new CEO. Rascoff, who has served as a […]
Read More
IAC approves spinoff of home improvement marketplace Angi
Joey Levin, CEO of IAC. Anjali Sundaram | CNBC Barry Diller’s IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017. IAC said it expects the transaction to close in the second quarter of the year. The two companies will post their respective fourth-quarter results […]
Read More
Stocks making the biggest moves midday: Shopify, Honeywell, GE Vernova, Twilio and more
Check out the companies making headlines in midday trading. Shopify — Shares surged 26% after the e-commerce platform operator posted third-quarter operating income of $283 million, higher than the $122 million in the same quarter a year ago. Shopify’s $2.16 billion revenue beat a FactSet estimate of $2.12 billion. The stock was on track for […]
Read More
Stocks making the biggest moves premarket: Shopify, Home Depot, Live Nation Entertainment and more
Check out the companies making headlines before the bell. Shopify — The e-commerce platform operator popped 14% after posting third-quarter operating income of $283 million, up from $122 million in the same quarter a year ago. Shopify’s revenue of $2.16 billion also came above a FactSet estimate of $2.12 billion. Home Depot — Shares of […]
Read More
IAC exploring spinoff of home improvement marketplace Angi
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images IAC said Monday it’s exploring a spinoff of Angi, an online platform that connects consumers with a marketplace of home improvement service providers in their area, like electricians and landscapers. Angi stock price was down nearly 4% in after-hours trading on Monday. IAC shares […]
Read More
The 2 things that will drive the stock market after last week’s Trump-Fed rally
President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer | Getty Images Talk about an eventful week. Normally, when the Fed cuts interest […]
Read More
Barry Diller calls timing of The Washington Post’s non-endorsement a ‘blunder’
To Barry Diller, a friend of Amazon founder Jeff Bezos, the decision for The Washington Post not to endorse a candidate in tomorrow’s presidential election was “absolutely principled” — and poorly timed, he said Monday on CNBC’s Squawk Box. “They made a blunder — it should’ve happened months before, and it didn’t, and that’s the […]
Read More
Kamala Harris has a murky antitrust record. Wall Street sees an opportunity
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center on July 30, 2024 in Atlanta, Georgia. Megan Varner | Getty Images Wall Street dealmakers said they believe Vice President Kamala Harris, if she were to win the November presidential election against Donald Trump, is a […]
Read More
Skydance and National Amusements near Paramount deal as special committee reviews terms
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters David Ellison’s Skydance has reached a preliminary deal with Shari Redstone’s National Amusements to merge with Paramount, according to two people familiar with the matter, resurrecting a deal which failed […]
Read More