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Text size The IAC Building in New York City. Mario Tama/Getty Images IAC reported better-than-expected earnings, the result of both strong financial performance at its Vimeo and Dotdash units and a large noncash gain on its 12% stake in the casino company MGM Resorts International. For the third quarter, the internet holding company posted revenue of $788.4 million, up 12% from a year ago, and ahead of the Street consensus at $766.7 million. Net income was $184.9 million, or $2.04 a share, including a $227.7 million gain in the value of the company’s 59-million-share MGM (ticker: MGM) stake. Adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, was $35.2 million, down 41% from a year ago. IAC (IAC) said revenue at ANGI Homeservices (ANGI), in which it holds a majority stake, were $389.9 million, up 9%. Revenues at Vimeo, the company’s video creation tools business, were $75.1 million, up 44%. The company also said Thursday that it raised $150 million in outside capital for Vimeo, valuing the business at $2.75 billion. IAC is considering spinning off Vimeo as a public company. Dotdash, the company’s collection of content-focused websites, had revenue of $50.8 million, up 26%. Late in the quarter, Dotdash acquired the food and recipe sites Simply Recipes and Serious Eats. Search revenue was $145.2 million, down 22%, while “emerging and other” revenue was $127.4 million, up 82%, in part reflecting the company’s acquisition of Care.com, a website that provides referrals to home care workers. In a letter to shareholders, IAC CEO Joey Levin laid out the company’s thinking about spinning off Vimeo. “For several years now, we’ve espoused our belief that every business needs video to communicate, both internally and externally,” he writes in the letter. “The lockdowns not only accelerated that necessity by a few years, but…

One of the most famous streamers in the gamer world, the Moroccan Imane Anys, known internationally for her pseudonym Pokimane, surprised the Twitch and YouTube community by asking her fans not to send her large cash donations. Famous for its live streams playing Fortnite, League of Legends and Among Us, the personality took to Twitter earlier this month to thank the support so far received, “to the point of considering anything beyond that unnecessary”, and to ask people support start-up channels, charities, and take care of yourself. To prove that the refusal of a lot of money is really real, Anys has partnered with Streamlabs, the livestreaming software service, so that donations to his channel are limited to $ 5 (R $ 28). Although the attitude goes against the grain of most streamers, the gesture was well received by most fans and also by other famous streamers, such as the controversial Kacey “Kaceytron” Caviness, who declared: “Girl, you rocked again. Constantly raising the bar level for all of us “. Today, Anys can afford to refuse generous donations. As one of Twitch’s biggest channels, she signed a long-term contract with the site earlier this year, and although the figures have not been released, it is thought that the amounts involved far exceeded what was necessary. Fame, however, cannot be limited: Pokimane gained even more prominence by participating in a livestream with Congresswoman Alexandria Ocasio-Cortez for more than 435 thousand people. In addition, the streamer awaits the release of the movie Free Guy, where she will star opposite Ryan Reynolds.

Courtesy of YeetCoryGardner CultureSenator Gardner has, indeed, been yeeted, and even Sentor-elect John Hickenlooper got in on the fun. By Haley Gray •  November 5, 2020 I know I don’t have to tell you this. You already know. Cory Gardner has been yeeted, and it is in no small part because of the Instagram account @yeetcorygardner. After emerging from the ether on September 21, the satirical meme account amassed more than 21,000 followers before Election Day. It also got Senator-elect John Hickenlooper to do this: But where did @yeetcorygardner come from? And who is the comedic mind behind it? While Coloradans watched the square state yeet Gardner on Tuesday night, and the electoral college yeet … well, no one yet … I set out on a very important election-night mission: Find the small-town girl behind the biggest meme account in Colorado’s history (my label, not hers). This is her story. The anonymous woman behind the account is 27 and works in marketing. Her dreams were always big, but she started small. “I had been talking to a couple of my friends about the Colorado Senate race and how stressful it was, and I said, ‘I’ve been really wanting to do T-shirts that say Cory Gardner goes to Casa Bonita for the food,’ and then I talked about doing, like, little illustrations.” But with the election so close, there just wasn’t enough time for all that. “One of my friends told me that was going to take too long and suggested that I just use photos and put text over them. And so as a joke, I made a couple and then threw them up on an Instagram account.” There’s only one way to yeet: fast. That was September 21. “I went to bed that night with three followers,” she says, and one…

Europe’s telecoms industry on Thursday slammed proposed tweaks to planned EU rules governing Facebook’s WhatsApp and Microsoft unit Skype that would tighten the rules faced by telecoms providers to use electronic communications metadata. The planned EU rules subject WhatsApp and Skype to the same rules as telecoms providers, Reuters reported. The bloc’s 27 countries have struggled to find common ground on the ePrivacy regulation drafted by the European Commission in 2017 because of disagreement on rules for cookies tracking users’ online activities crucial for targeted advertising, and consent requirements. Germany, which currently holds the rotating EU presidency, shared its proposed tweaks with other EU countries on Wednesday evening. The document reduces the legal grounds for telecoms providers to use electronic communications metadata for other purposes or to further process the data, in a blow to the telecoms industry looking to use network location data for smart transport services as a potential money-spinner. Lobbying group ETNO, whose members include Deutsche Telekom, Orange and Telefonica, and mobile operators group GSMA were scathing about the German proposal. “Germany’s proposed text fails to bridge the gap between protecting privacy and confidentiality and stimulating innovation in European service providers,” they said in a joint statement. They urged other EU countries not to back the proposal unless it allows them more freedom to use metadata for legitimate purposes and for further compatible processing. The bloc will have to agree on a common stand before thrashing out details of the rules with the Commission and European Parliament.

Twitch is a live streaming video platform where gamers can livestream video games they play while receiving donations from viewers. Twitch streamers have come under fire in the past for the fact that they don’t need to pay in order to stream games to a large audience. This might be changing soon due to recent events concerning Twitch streamers and the platform itself. Alex Hutchinson, the creative director at Stadia Games & Entertainment (SG&E) Montreal Studio, weighed in on the issue by claiming that Twitch streamers should have to buy licenses to be able to stream games on the Twitch platform.   This claim was made after Twitch handed out multiple Digital Millennium Copyright Act (DMCA) claims to several Twitch streamers for playing copyrighted music during their streams. According to gameranx.com, Hutchinson commented on online gaming service company, Google Stadia, saying that streamers should have to pay developers and publishers a licensing fee to stream their games. Google Stadia has since distanced themselves from Hudson, saying that his opinion was his own and that it did not reflect the views of Stadia, YouTube or Google. However, since Twitch streamers get paid for streaming games despite it not being considered a real full-time job, I do think Twitch streamers should have to pay some sort of licensing fee. I feel like if the Twitch streamers had to pay a licensing fee for playing a company’s specific game, they would appreciate the game a lot more, and might be motivated to tell their followers about the game, or maybe even play the game themselves. This would more directly benefit the studios and companies behind the games financially.  I do think it was a good idea for Google Stadia to back away from the controversy surrounding Twitch streamers and whether they should be buying…

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Kourtney Kardashian and Scott Disick seem to be the former couple that everyone hopes will eventually get back together. In the past few weeks, Kardashian and Disick have fueled reconciliation rumors with their Instagram posts. On Nov. 4, Kardashian posted a throwback picture of her with Disick on her Instagram story, leading fans of Keeping Up With the Kardashians to speculate even more. Scott Disick and Kourtney Kardashian | Denise Truscello/WireImage Kourtney Kardashian and Scott Disick’s history Kardashian and Disick first met in 2006 at Girls Gone Wild creator Joe Francis’ house in Mexico. While Kardashian revealed on Keeping Up With the Kardashians that she was not interested in Disick at first, the two eventually began dating. For years, Keeping Up With the Kardashians captured Disick and Kardashian’s tumultuous and on-again, off-again relationship. Kardashian gave birth to their first child, Mason, in 2009. In 2012, she gave birth to their second child, Penelope. Kardashian then gave birth to her third child with Disick, Reign, in 2014. After Disick was seen partying with women in Monte Carlo in 2015, Kardashian broke up with him. The two briefly reconciled before it was reported they called it quits again in early 2017. Since then, the two have worked hard to remain friends and co-parent their three kids. RELATED: ‘KUWTK’: Kris Jenner Breaks Down in Tears Over Kourtney Kardashian and Kim Kardashian West’s Fight Scott Disick and Kourtney Kardashian have been teasing fans Earlier in 2020, Disick and his girlfriend of three years, Sofia Richie, broke up. Since then, he has vacationed with Kardashian and their children more and more. In recent weeks, Kardashian and Disick shared multiple pictures together while vacationing with family and friends. These social media posts led fans to speculate the two could be back together, or at least in talks of…

Vimeo has raised $150 million in new equity funding, announced in conjunction with the third quarter earnings of its parent company IAC. In a letter to shareholders, IAC CEO Joey Levin said the company has “begun contemplating spinning Vimeo off to our shareholders.” “Given Vimeo’s success, and investor adulation for the Software-as-a-Service (SaaS) category generally, we expect Vimeo’s access to capital inside of IAC will be much more expensive than access to capital outside of IAC, and that capital will be helpful to enable Vimeo to achieve its highest ambitions,” Levin continued, adding, “We just tested Vimeo’s ability to access capital with a small private fundraise to bolster Vimeo’s balance sheet and to repay capital to IAC.” Over the summer, Match Group (which owns a variety of dating services, including Tinder) completed its separation from IAC, with IAC’s ownership distributed to IAC shareholders. Vimeo, meanwhile, has shifted its focus over the past couple years — instead of trying to compete with YouTube as a consumer video destination, it sells video tools to enterprises and other businesses. For example, it recently launched a free video messaging product called Vimeo Record. The company says it has 1.5 million paying subscribers and more than 3,500 enterprise clients, including Amazon, Starbucks, Deloitte, Zendesk, Rite Aid and Siemens. The new funding comes from Thrive Capital and GIC. According to the earnings report, in Q3, Vimeo grew revenue by 44% year-over-year, to $75.1 million. And it had its first quarter of positive EBITDA — $3.4 million. “Our goal is to radically simplify how businesses create and share video, with tools that are far more intuitive and cost-effective than they’ve been historically,” said Vimeo CEO Anjali Sud in a statement. “We’re energized to access additional capital to pursue this enormous opportunity with the full focus and scale of…

Snapchat – the multimedia messaging app has recently released a new feature. The new update allows creators and users to post the number of followers they have. The entertainment company Mashable, cited a report from Tubefilter, which reveals that users will be having the option to view their subscriber count. ALSO READ: Ministry of Information & Technology bans PUBG A Snapchat spokesperson told Tubefilter, “We have listened to feedback from our community of creators and many of them have expressed interest in having the opportunity to show that their community on Snapchat is growing.” The spokesperson further added that “… we are giving creators the ability to make the number of followers visible on their public profiles … We understand that not all creators want public statistics to be visible to their fans. Therefore, creators can choose to enable and disable this statistic according to their needs in their settings ”. As reported by Mashable, the app Snapchat has released new features to make its platform much more fun and interactive. Last month, the app also launched a new feature called Sounds. This allows iOS Snapchat users around the world to add music to their Snaps from a music catalogue containing songs by new and established artists. As part of this updated feature, whenever an app user receives a snapshot with sounds, they can swipe up to view features like album art, song title, and artist name. Moreover, in the new update, there will also be a “Play This Song” tab where users can listen to the entire song on any of the music streaming platforms which includes Spotify, Apple Music and SoundCloud. (ANI) For more such stories on Technology, keep reading ZEE5. ALSO READ: Snapchat news: New lens helps users celebrate Halloween

Chances are you've been consuming more video during Covid than you did before the pandemic—whether that's video chatting for work or getting your news and entertainment in a quarantine world. At Vimeo, these dynamics simply prove what the company has long believed—that video is the future. In this week's episode of On Brand, Clio president Nicole Purcell is joined as co-host by Cristina Jones, from our partners at Salesforce, to chat with Vimeo CMO Harris Beber. Harris tell us how the company has been approaching the even more rapid adoption of video by brands and consumers, what content Vimeo has produced itself during Covid, and how its tools help creatives and businesses express themselves and move product in a pandemic world and beyond. Timestamps • 1:39 - How WFH is going for Harris and his team. • 2:57 - The rise of video during Covid, and the role Vimeo tools play in content creation. • 4:19 - A look at Vimeo's "Stories in Place" Covid series. • 10:13 - How Salesforce and Vimeo have both been supporting small businesses. • 14:09 - The value of Staff Picks to the Vimeo brand. • 15:53 - How Vimeo thinks of data and creativity. • 18:13 - Vimeo's stand against hate speech and its other social initiatives. • 21:23 - One brand Harris admires in particular for its storytelling. • 21:12 - What the next six months look like for Vimeo. Every Thursday at 4 p.m., we chat with top brand marketers—most of whom are still working from home—about the value of creativity, what they want from their agency and solution partners, how they're shepherding their brands through Covid and beyond, and more. See all the On Brand episodes here. If you're a brand marketer who'd like to take part in the series, please get…