Business Strategy and Outlook
| Ali Mogharabi |After spinning off Match Group in 2020 and Vimeo in 2021, we think IAC/InterActiveCorp is again well on its way to generating attractive returns from narrow-moat Angi, a market leader in matching reputable home-service professionals with consumers. This Internet media company’s portfolio also consists of no-moat businesses, such as Dotdash and search segments, which offset Angi’s narrow moat, in our view.