https://www.google.com/amp/s/techcrunch.com/2020/12/22/iac-vimeo-spin-off/amp/
But why?
Looking forward to my first stock gains!
This is the normal progression for IAC. Develop under appreciated companies and spin them off once they reach more mature and stable operations and can self-fund. Then they cash in by spinning out the company and find another one to grow. (Expedia, Ticketmaster, Match, and now Vimeo)
Except Vimeo wasn’t bought intentionally. It was a surprise bonus from the CV deal and Joey admitted to wanting to sell it after he found out it existed.
😂