Since 1995 the company shares have outperformed the S&P by 1.6x; and 4x in the last 3 years.
In that time they created and spun-off several public companies – Expedia, TripAdvisor, Match Group (owner of Tinder), ANGI Homeservices. The latter two IAC still holds >80% stakes in.
They continue to build and invest in new business like Vimeo (Online Video), DotDash (online publishing), Blue Crew (online recruitment) and the latest Turo (car sharing). In other words at the tech forefront.
The latest letter is here and each quarter you can find them here.
