Through The Fly's Eyes: IAC/InterActiveCorp
IAC/InterActiveCorp Has Big Second Half Of 2006
TheFly blogged on August 1st that investors should chip away at Interactive's (IACI) stock. Today, the stock is at $37, up 50%. CEO Barry Diller said during a mid-summer conference call that the company reported seven good quarters in a row and got "no respect."
Yesterday, Interactive Corp. launched www.zwinky.com, a customizable social avatar that helps people (or kids) create and express their online brand or persona. According to the company, since its beta introduction in June 2006, Zwinky has become one of the fastest-growing sites on the internet with more than two million unique users.
Diller is the master programmer. Ask.com, although not about to take on Google, improves its content monthly. Also, Interactive owns LendingTree.com which should be the low-cost way for consumers to get home loans over time.
It appears Diller has gotten his stock price going in the right direction.