My guest on the show today is Joey Levin, CEO if IAC/Interactivecorp. IAC is a $12.4 billion market cap holding company that has a long history of investing in disruptive digital businesses, helping them grow, and then spinning them off to shareholders. In fact, the company’s Chairman, Barry Diller, has been influential in the success of a number of well-known public companies, including Expedia, TripAdvisor and LiveNation. In more recent times, the company has separated from Match Group and spun off Vimeo. Joey Levin has been CEO since 2015 and is tasked with creating value with the remaining group of businesses that IAC either controls or has minority stakes in. With that as the backdrop, I was excited to talk to Joey about:
- Spinning off Match, which now has a $35 billion market cap, during the tumultuous summer of 2020;
- What needs to go right with ANGI for the stock to be a good investment from here;
- The investment process and how IAC decides which opportunities to pursue;
- The merit of the DotDash acquisition of Meredith;
- How Joey decides on which companies to spend his time
This episode of Compounders: The Anatomy of a Multibagger is sponsored by Tegus, an innovative and disruptive company that is changing the way professional investors work. For more information, please visit: https://www.tegus.co/
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