IAC/InterActiveCorp: insider trades · United States · SEC (Form 4)

About IAC/InterActiveCorp

IAC/InterActiveCorp (NASDAQ: IAC) is a U.S.-listed digital media and internet services company headquartered in New York City, United States. Founded and built under Barry Diller’s long-running “build, buy, and separate” playbook, IAC became known as a holding company that incubated, scaled, and eventually spun off multiple public companies. That history remains central to understanding the stock: IAC has been less of a conventional operating company and more of a capital-allocation platform that creates value through asset development, portfolio turnover, and strategic ownership stakes. ([iac.com](https://www.iac.com/about-us)) Today, the company’s portfolio has narrowed substantially. According to IAC’s own materials, the business is now primarily comprised of People Inc., its leading digital publishing asset, alongside strategic equity positions in MGM Resorts International and Turo Inc. IAC completed the spin-off of its ownership stake in Angi in 2025, and in March 2026 it announced an agreement to sell Care.com, further simplifying the portfolio and reducing exposure to non-core assets. This makes the current IAC much more focused than the diversified internet conglomerate investors may remember from earlier cycles. ([iac.com](https://www.iac.com/about-us)) Operationally, IAC’s core is anchored by digital publishing and related online monetization. In its Q1 2026 presentation, the company highlighted People Inc. as the key revenue driver, with digital revenue growth and improved digital adjusted EBITDA. Smaller contributions came from Search and Emerging & Other, which includes selected digital businesses and legacy assets. The mix indicates a company that is still monetizing traffic, brands, and audience reach, but doing so within a much tighter portfolio than in prior years. ([ir.iac.com](https://ir.iac.com/static-files/09afc09f-8401-4150-a55e-55087c26acb4)) From a competitive standpoint, IAC is best viewed as an opportunistic digital incubator rather than a single-product media company. Its strengths are brand-building, disciplined capital deployment, and management’s willingness to exit mature or non-strategic assets when value is realized. At the same time, the company remains exposed to the structural pressures facing digital publishers: dependence on search engines and third-party platforms, advertising cyclicality, and the growing influence of AI-enabled search experiences on referral traffic and monetization. IAC explicitly flags these risks in its filings and shareholder communications. ([ir.iac.com](https://ir.iac.com/news-releases/news-release-details/letter-barry-diller-iac-shareholders-iac-announces-name-change)) Recent news flow has been particularly important for the equity story. IAC has been repurchasing shares, buying additional MGM stock, and monetizing assets such as an unutilized domain name. Most notably, in April 2026 the company announced it will change its name to People Incorporated, with a new NASDAQ ticker expected, reflecting a strategic pivot toward its People Inc. publishing business and its MGM investment. For investors, that signals a more streamlined profile: a U.S. NASDAQ-listed media and internet holding company with a narrower asset base, stronger focus, and a clearer narrative around core value drivers. ([ir.iac.com](https://ir.iac.com/static-files/09afc09f-8401-4150-a55e-55087c26acb4))