What happens when metrics are at the higher end of expectations? Government stimulus money has run dry and mostly everything is priced in. What do you do next? Smart managements have recognized hidden value inside themselves and have given shareholders enormous returns. Specifically with Spinoffs.
Even before the Vimeo Spinoff, in their Q1 2021 Shareholder Letter, the company claims nearly $100 billion of value has been created since Mr. Diller took control of what became IAC in 1995. IAC is currently only a $12 billion market cap company. The Edge puts the value creation now nearer to $128 billion, with more on the way.