IAC Inc.
IAC Inc. is an American holding company that owns brands across 100 countries, mostly in media and Internet. The company is incorporated under Delaware General Corporation Law and headquartered in New York City. Joey Levin, who previously led the company's search and applications segment, has served as chief executive officer since June 2015.
Some of the key events about IAC Inc.
- 1992Launched Home Shopping Network, revolutionizing television-based retail
- 1995Acquired Expedia, entering the online travel booking market
- 1999Introduced Ticketmaster Online, bringing event ticketing to the internet
- 1999Faced criticism for aggressive pop-up advertising practices on Excite@Home
- 2002Accused of misleading accounting practices related to the Expedia spin-off
- 2003Acquired LendingTree, expanding into online financial services
- 2004Launched Ask Jeeves search engine, competing in the internet search market
- 2005Acquired CollegeHumor, entering the digital entertainment space
- 2008Criticized for laying off 8% of its workforce amid economic downturn
- 2009Launched The Daily Beast, a news and opinion website
- 2009Sued by Interval Leisure Group for alleged breach of contract
- 2012Acquired About.com, expanding its digital content portfolio
- 2013Faced backlash for firing a PR executive over a controversial tweet
- 2015Launched ANGI Homeservices, connecting homeowners with home service professionals
- 2015Criticized for shutting down popular humor website CollegeHumor
- 2016Accused of age discrimination in hiring practices
- 2018Criticized for data privacy concerns related to its dating apps
- 2019Launched Vimeo as a standalone public company, supporting video creators and businesses
- 2019Faced controversy over alleged sexual misconduct at Tinder
- 2020Criticized for significant layoffs across multiple IAC-owned companies during the COVID-19 pandemic
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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