> IAC's market cap is about 8B. Yahoo's cap is 6x that at 48B. I don't think this is a fair comparison based only on those two numbers. IAC has spun off a lot

> IAC's market cap is about 8B. Yahoo's cap is 6x that at 48B. I don't think this is a fair comparison based only on those two numbers. IAC has spun off a lot of companies. For internet related stuff, it has spun off: - Expedia in the mid 00s which at the time consisted of Expedia, Hotels, Hotwire, and a few other properties. Currently $23B market cap. - TripAdvisor was a part of the Expedia spin off and later got spun off itself. $5.5B market cap. - LendingTree was spun off - $2B market cap. - Interval Interactive spun off for a few billion market cap too. Not sure what's happening with them now. - Match Group was just spun off last year or so, $5B market cap. Maybe a few other small things too, not sure. All of the above companies are also profitable last I knew. I guess it also is a bit unfair to include all of those without the context that many weren't built from the ground up, but acquired initially. And you can't just combine the market caps of spun off companies into one number to compare to Yahoo. But still.