IAC Spins Off Vimeo, Amazon Preps a New Acquisition

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4.7 • 1.7K Ratings

🗓️ 25 May 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

IAC/Interactive spins off video tools business Vimeo as a standalone public company. AutoZone’s latest same-store sales growth was in the zone of greatness. Asit Sharma analyzes those stories and discusses Amazon closing in on its latest acquisition target: MGM Studios

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Transcript

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0:00.0	It's Tuesday, May 25th.
0:04.2	Welcome to Marketfoolery.
0:05.2	I'm Chris Hill with me today, Asa Sharma in the house.
0:08.1	Good to see you.
0:09.4	Good to see you, Chris.
0:10.6	Thank you for, I don't know, for widening your parameters and once again taking a chance
0:15.2	to have me come join me in the morning.
0:18.2	It's you're a known quantity at this point.
0:20.9	I'm no longer taking a chance.
0:23.3	We have a big acquisition brewing in the entertainment industry.
0:26.5	We have some automotive earnings to get to.
0:29.5	But we're going to start with another, I guess we could put this under the umbrella of entertainment.
0:36.0	IAC Interactive is in the spotlight this week.
0:39.4	IAC is a holding company that has a lot of brands in its portfolio brands that you're
0:45.4	probably familiar with businesses like Angie's List, care.com, the Daily Beast Brides magazine.
0:53.2	IAC is spinning off Vimeo as a separately traded public company.
0:58.7	This is the video tools business.
1:03.8	Anyone, I mean, I encounter it with music videos on Vimeo.com.
1:07.8	But it'll now start trading on the NASDAQ under the ticker VMEO.
1:16.2	What do you think about this move?
1:17.8	Because this, you know, IAC is one of those businesses I've always found interesting, never
1:23.7	so compelling that I actually pulled the trigger and bought some shares of.
	...

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