IAC CEO Levin Says There's No Formula for Spinoffs

The transcript discusses the valuation of a company, highlighting that some assets are valued at a negative billion dollars. The CEO addresses concerns about this valuation, explaining the reasons for asset discounting and emphasizing the company's strong capital allocation and market performance. The discussion also covers the considerations for spinning off businesses, noting that decisions are based on optimizing value for both the subsidiary and the remaining company.

What are the three reasons mentioned for why the street discounts collections of assets?

How does the speaker describe their approach to capital allocation over the years?

What factors does the speaker consider when deciding to spin off a business?

What does the speaker mean by saying they are not in the business of empire building?

What is the speaker's perspective on the value of match and Angi being part of IAC?