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IAC considers Vimeo spinoff after achieving $2.75 billion valuation

first_imgCorrection: The headline on this story was updated with the correct valuation for Vimeo.Subscribe to CNBC PRO for access to the livestream of CNBC’s continuous election and business news coverage. IAC-owned Vimeo raised $150 million in equity from Thrive Capital and GIC, valuing the video company at $2.75 billion, IAC announced on Thursday.IAC is also considering a spinoff of its ownership stake in Vimeo, which has seen a boost in demand due to the Covid-19 pandemic. A decision is still in the early stages, and it’s unclear what the terms of the spinoff would look like, IAC CEO Joey Levin said in a letter to shareholders Thursday.“Given Vimeo’s success, and investor adulation for the Software-as-a-Service 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 said.- Advertisement – Anjali Sud, CEO of VimeoNurPhoto | NurPhoto | Getty Images If the companies separated, it would make Vimeo the 11th public company to spin out from IAC. The company last agreed to spinoff all of its shares of online dating company Match Group.“We’ve always said we’re the anti-conglomerate, and we optimize for whatever allows our businesses to achieve their best chance of operating success,” Levin said.IAC reported in its third quarter earnings Thursday that Vimeo grew overall revenue 44% year over year to $75.1 million, while its subscribers grew 21% to 1.46 million. The company’s operating loss decreased from $11.2 million to $3.3 million, while Adjusted EBITDA grew to $3.4 million compared to a loss of $8 million in Q3 2019.- Advertisement –center_img – Advertisement – – Advertisement –last_img read more

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Starting tomorrow, Holiday Week worth starting: 400 tourist services and experiences available at 50 percent lower prices

first_img“I am glad that we have decided to launch this completely new project just in time of crisis, in the days when we all need to get away from the news and enjoy nature with our loved ones. I hope that this Week will arouse in all of us optimism and the will to get to know the whole of Croatia better, and that we will truly enjoy the charms of the off-season in a large number of destinations, with many benefits. With projects like this, we open the way and promote the offers and services of tourist entities, but also small entrepreneurs, family farms, farmers, caterers, craftsmen and all other valuable people who are the foundation of the success of Croatian tourism. Thanks to the excellent response of providers, but also of all tourists who have already confirmed their reservations, I am sure that this week will be the first of many. Make this week worth your vacation”, said the Minister of Tourism and Sports Nikolina Brnjac. Thus, all Croatian citizens, but also foreign guests who will be in Croatia in that period, at promotional prices can experience and experience about 400 various tourist services in all parts of Croatia that are available on the portal “A week of rest worthwhile”. Numerous national parks and nature parks are participating in the project, including the Mljet National Park, which is celebrating its 60th anniversary, on the occasion of which they are offering half the ticket prices, and the Plitvice Lakes National Park. whose is director Tomislav Kovačević stressed that this year the park marks the 71st anniversary of the proclamation of Plitvice Lakes as a National Park and the 41st anniversary of the inscription of the park on the UNESCO World Heritage List. “In order to celebrate our 41st birthday with our visitors, we are participating in the Holiday Week worthwhile project with significantly better ticket prices and cheaper menus at the Jezero, Poljana and Korana restaurants. Proud to be a part of this story, we invite everyone to visit us and see why millions of tourists from all over the world have been heading to Plitvice Lakes National Park in recent years.”, said Kovacevic.  BRAVO LIKA. GREAT EXAMPLE OF HOW TO TELL A STORY FOR THE “HOLIDAY WEEK WORTH IT” LOUD THINKINGS / / / WEEKLY HOLIDAYS WORTH IT Otherwise, the action will be organized twice a year, during the Easter holidays and in October. HOLIDAY WEEK VALID: 340 BIDS HAVE BEEN APPLIED TO THE PROJECT SO FAR. GET INVOLVED, BUT NOT ONLY WITH A DISCOUNT, BUT PRIMARILY WITH A STORY “We note the excellent response of many tourism service providers involved in this action, without which a worthwhile holiday week would not be possible, and we are pleased to hear that many tourism entities have already sold out their offers and services. I invite as many domestic guests as possible to take this opportunity and discover Lijepa naša at much better prices, of course adhering to all prescribed epidemiological measures. We are pleased that despite the demanding moment we have launched this project which will continue in the coming years” pointed out the director of the Croatian Tourist Board Kristjan Staničić. Tourist services and experiences within the joint project of the Ministry of Tourism and Sports and the Croatian National Tourist Board “A week of rest worthwhile”, from tomorrow until October 25, are available at a minimum of 50 percent cheaper.  HOW TO USE THE “HOLIDAY WEEK WORTH” ACTION, AND IT HAS AN EFFECT FOR EVERYONE. THE KEY WORD IS SYNERGY As we know, the goal of the project A week of vacation worth it is the increase in tourist traffic in the pre- and post-season periods, as well as the further development of domestic tourism. Through this action, tourists will have the opportunity to visit different parts of Croatia with 50 percent better prices for many tourist products and services, from accommodation, transportation, cultural, historical, natural sights and tourist attractions to catering services and various experiences.last_img read more

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APG to focus on ‘long-term value’ with remuneration guidelines

first_imgThe €377bn Dutch asset manager APG has issued remuneration guidelines for the European listed companies in which it is invested with the view to creating long-term value.It said it would begin to engage with boards and their remuneration committees to encourage a balance between the efficient operation of assets and the efficient allocation of capital.APG – asset manager for the €325bn civil service scheme ABP and the €40bn pension fund for the building sector Bpf Bouw – said remuneration policy was an integral criterion for its portfolio managers’ investment decisions.APG said, rather than focus on maximising profits over the short term, it wanted to aim for long-term value creation, in order to better meet its clients’ liabilities. It called for a stable and consistent pay level, corresponding with a company’s business strategy, or a robust business case, taking a firm’s risk profile and risk appetite into account.It also said it favoured remuneration policies that encouraged executives to accumulate shares in the company over time, including for some time after they left a company.The asset manager said companies should consider non-financial measures, such as customer satisfaction, human capital, health and safety and sustainability, for long-term value creation as well.Pay policy, it argued, should be closely linked to the fundamental value drivers of a company, rather than on total shareholder return.APG added that it was concerned about overly complex incentives – or incentives that seem vulnerable to manipulation or corporate activity to improve payouts – and suggested the selection of peer groups against relevant criteria to counter this risk.The asset manager also indicated that it would oppose very high payouts, such as high level awards, uncapped arrangements or high multiple share plans.APG said it expected an improved engagement process with companies would free up time for other important aspects of corporate governance, such as board structure and appointments, as well as corporate performance and sustainability.It added that individual executive pay levels were particularly important where there were doubts over shareholder alignment, effective governance or corporate disregard to social responsibilities.last_img read more

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“It takes a mom and a dad to create a child, so it takes a mom and a dad to raise one”

first_imgThe words of 13-year-old Amelia Summerhays, who captured a child’s point of view with a touch of humor:2013 Utah Celebration of Marriage“As a thirteen-year-old, I’ve got it all figured out why I need a mom and a dad. When Mom says no to ice cream, I can go ask Dad. And when I want to invite boys over, Dad says no, so I go ask Mom.“But really, I’m here to talk about why every child deserves a mom and dad. From my mother, I have a pattern to follow, and I can learn what it means to be a woman. Certain understandings can only happen between a mother and daughter. I would pattern my cooking after my mom’s, but she burned dinner twice last week. Actually, she lit it on fire. She isn’t perfect. No mother is, but in my world, she can’t be replaced.“My father protects me and helps me to figure out the immature minds of those boys I want to invite over. My dad’s example and advice helps me see the male perspective and brings a balance to my life as a young woman.“When I was eight or nine, I had a close friend whose parents were getting divorced. She asked me, “If you had to give up one parent, which would you choose?” I could not decide. My mom and dad both have their strengths and weaknesses, but when it comes down to it, I need both parents.“As a thirteen-year-old, it’s funny to watch adults fight about this issue. Sometimes adults act like selfish children. Most of what I hear in the current debate about marriage is all about adults rights. I’ve noticed that children’s rights are often ignored. Children are defenseless, so shouldn’t they be the main focus in this debate? When we favor the wants of consenting adults over the needs of children, who cannot consent, something is very wrong.“In my US history class, studying Thomas Jefferson was sometimes difficult. He was always talking about “inalienable rights” and saying things like “we hold these truths to be self-evident.” It took m e a couple of tries, but I think I get it now. Here’s why:“On the day I was born, I automatically had a relationship with my mother and father. I’ve heard that my mom was exhausted but still insisted on holding me close. Dad was bouncing off the walls, calling everyone to tell them the good news. All this, and they had only known me for a matter of seconds. That’s the power of a biological bond. It happens naturally. That’s what ‘self-evident’ means.“Whether you call it nature or God, each of us exists only through a mom and a dad. Every person has that exact same birthright. If ever I was ‘endowed by my Creator with certain unalienable rights,’ this is it—to be born with a mom and dad. Why? Because it is impossible to be born any other way. Traditional marriage is designed to protect this inalienable right given by our Creator. When we redefine marriage, we begin to fight against the inalienable rights of children. Tonight I am here to represent all children, and I would like to say one more thing in our behalf. We hold these truths to be self-evident, it takes a mom and a dad to create a child, so it takes a mom and a dad to raise one.”last_img read more

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UPDATE: Armed robbers strike again in Portsmouth

first_imgImage via: mobile-cuisine.comPolice Public Relations Officer, Sergeant Kenth Matthew has confirmed that armed robbers accosted an employee of APP Electricals in Portsmouth on Thursday.Dominica Vibes News reported on Thursday that “an employee of APP Electronics was robbed while on his way to make a deposit at the National Bank of Dominica’s Portsmouth branch on Thursday afternoon” as at that time details of the robbery were sketchy.Sergeant Matthew has confirmed told Dominica Vibes News that Bernard Bynoe, an employee on APP was intercepted by two armed masked men yesterday afternoon.“At 4:35pm on Thursday 1st December, 2011 two unidentified masked men with knives intercepted and robbed Bernard Bynoe an adult male of Glanvillia and an employee of APP Electricals in Portsmouth. He was robbed of a bag containing an undisclosed sum of money belonging to that establishment as he travelled by bicycle along the Indian River Bridge on his way to the National Bank of Dominica’s branch in Portsmouth.”According to Sergeant Matthew the robbers rushed on him, caught the bag which is believed to have been hanging from the bicycle and made good their escape. He also confirmed that Bynoe was not physically harmed.APP Electricals Portsmouth branch declined when contacted for information regarding the incident.Dominica Vibes News LocalNews UPDATE: Armed robbers strike again in Portsmouth by: – December 1, 2011 Share Tweet Sharecenter_img Sharing is caring! Share 28 Views   one commentlast_img read more

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IOC sanctions Bilgin of Turkey for failing anti-doping tests at London 2012

first_img Loading… As part of this process, the International Olym[ic Committee, IOC, has announced that Erol Bilgin, 33, of Turkey has been disqualified from the Olympic Games London 2012. Bilgin, 33, competing in the men’s 62kg weightlifting event at the Olympics, in which he ranked 8th, has been sanctioned. Re-analysis of Bilgin’s samples from London 2012 resulted in a positive test for the prohibited substances Dehydrochlormethyltestosterone (Oral Turinabol) and Stanozolol. The IOC Disciplinary Commission, composed for this case of Messrs Denis Oswald (Chairman), Juan Antonio Samaranch and Ingmar De Vos, decided the following: I.The athlete, Erol Bilgin: i.is found to have committed an anti-doping rule violation pursuant to the IOC Anti-Doping Rules applicable to the Games of the XXX Olympiad in London in 2012 (presence, and/or use, of a Prohibited Substance or its Metabolites or Markers in an athlete’s bodily specimen), ii.is disqualified from the event in which he participated upon the occasion of the Olympic Games London 2012, namely the men’s 62kg weightlifting event, in which he ranked 8th and for which he was awarded a diploma, iii.has the diploma obtained in the men’s 62kg weightlifting event withdrawn and is ordered to return the same. II.The IWF is requested to modify the results of the above-mentioned event accordingly and to consider any further action within its own competence. III.The Turkish Olympic Committee shall ensure full implementation of this decision. IV.The Turkish Olympic Committee shall notably secure the return to the IOC, as soon as possible, of the diploma awarded in connection with the men’s 62kg weightlifting event to the athlete V.The decision enters into force immediately. Protection of clean athletes and the fight against doping are top priorities for the International Olympic Committee (IOC), as outlined in Olympic Agenda 2020, the IOC’s strategic roadmap for the future of the Olympic Movement. The IOC has been conducting additional analyses on the samples collected from the Olympic Games London 2012. This programme, which uses the latest scientific analysis methods, aims to test samples for all the substances prohibited in 2012. read also:NOC sheds light on IOC palliative The IOC has delegated the selection of samples to be reanalysed and the results management to the International Testing Agency (ITA), and the ITA thus brings forward these cases. The notification sent by the ITA to the athletes concerned when initiating proceedings gives them the choice to have their case heard before the Court of Arbitration for Sport (CAS) or before an IOC Disciplinary Commission. This choice is given as the Anti-Doping Rules (ADR) for the Olympic Games London 2012 still apply for cases that arise from the current reanalyses. In the case at hand, the athlete did not choose to go to the CAS, and so the case was automatically handled by the IOC Disciplinary Commission. FacebookTwitterWhatsAppEmail分享 center_img Promoted Content10 Risky Jobs Some Women Do5 Of The World’s Most Unique Theme ParksBirds Enjoy Living In A Gallery Space Created For ThemWho’s The Best Car Manufacturer Of All Time?The 90s Was A Fantastic Decade For Fans Of Action MoviesYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeWhich Country Is The Most Romantic In The World?Everything You Need To Know About Asteroid ArmageddonPortuguese Street Artist Creates Hyper-Realistic 3D GraffitiThe 10 Best Secondary Education Systems In The WorldThe Models Of Paintings Whom The Artists Were Madly In Love With9 Facts You Should Know Before Getting A Tattoolast_img read more

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Extra-curricular activities integral for well-rounded students – Henry

first_img… Secondary Schools Cricket League launchedMINISTER within the Ministry of Education, Dr Nicolette Henry, believes the return of cricket into the school system is a most welcome one.The minister, who was speaking on Wednesday at the launch of the Secondary Schools Cricket League said the Department of Culture, Youth and Sport, in particular, firmly considers that extra-curricular activities, such as music and sports, in any form, play an integral part in producing well-rounded students.Also attending the revival ceremony of nationwide schools cricket were GCB president, secretary and Territorial Development Officer, Drubahadur, Anand Sanasie and Colin Stuart, National Sports Commission (NSC) Administrative Officer Gervy Harry, and Child Protection Officer, Orette Francois.“I see this National Secondary Schools competition just like the annual schools athletics championship, as a feeder system or nursery, from which we can get the cream of our cricketers and athletes. I hope through this competition we will be able to identify and groom those of you, who will not only represent Guyana, but also hopefully West Indies as well,” Dr Henry said.According to the minister, cricket is one of the most popular games played here, and in the Caribbean, since it’s a game that provides great entertainment, and brings people from all ages and backgrounds together.Stuart is of the opinion that the league forms a very valuable instrument from which the GCB can begin to assess players’ talent, and to implement strategies towards their development.“These strategies may include directing players to clubs close to their homes or schools, and to involve them in progressive involvement programmes. The League is viewed as invaluable and irreplaceable,” Stuart said.Drubahadur pointed out that cricket is not just a game, but a business, where aspiring cricketers can make it a career.The GCB boss also lamented the lack of support, but added that with or without corporate Guyana or the government, the GCB will continue to invest in the development of the game locally.Harry urged the students to take the opportunity offered to them, since cricket can become their career.Meanwhile, Sanasie disclosed that each participating student must have 65 percent attendance rate during the previous school year, since the idea is to produce ‘smart cricketers’.Sanasie, who is also a director on the West Indies Cricket Board, added that 30 complete cricket kits will be available, while talent-spotting will also be done for the nationwide competition, which has attracted over 150 teams spread across the 10 administrative regions.Like the previous year, the tournament will use the Guyana Teachers Union’s Zone and District format to decide the overall winner.The zones are Upper Corentyne, Lower Corentyne, New Amsterdam/Canje, West Berbice, Lower East Coast Demerara, Upper East Coast Demerara, North Georgetown, South Georgetown, East Georgetown, East Bank Demerara, Highway, Upper Demerara, West Bank Demerara, West Coast Demerara, East Bank Essequibo, Wakenaam, Leguan and Essequibo Coast.The Guyana Cricket Board is partnering with the Ministry of Education, its Sports Department and Allied Arts Unit, the National Sports Commission, the Guyana Teachers Union and the Child Care and Protection Agency to host the competition.Chase Academic Foundation are the defending champions.last_img read more

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Cricket News Let Hardik Pandya, KL Rahul play while inquiry is on: BCCI president CK Khanna

first_imghighlights Pandya’s comments were labelled ‘misogynistic’ and ‘racist’Pandya and Rahul were suspended for their comments on Koffee With KaranBoth are likely to miss the tour to New Zealand New Delhi: Hardik Pandya and KL Rahul face an uncertain future after being suspended from the Indian team and ordered back home for the series against Australia for their controversial remarks on the show Koffee With Karan. The Committee of Administrators (CoA) wants the Supreme Court to appoint an ombudsman to decide the fate of the two players, who have already missed the ODI series against Australia and are set to sit out of the tour of New Zealand as well. With the Supreme Court now willing to hear matters related to the BCCI only next week, the wait for the two players has been prolonged. BCCI president CK Khanna has urged the CoA to allow Pandya and Rahul to play while the inquiry is being conducted.Khanna said calling the SGM to appoint an ombudsman to investigate the two players’ conduct, as demanded by Board officials, wouldn’t be right as the Supreme Court is due to take up the issue next week.”They made a mistake, and they have already been suspended and called back from the series against Australia. They have also submitted an unconditional apology. I suggest that pending inquiry we reinstate both the cricketers into the Indian squad immediately and allow them to join the team in New Zealand at the earliest. What Pandya said and Rahul acted as a by-stander to is inappropriate and absolutely wrong, but in my personal opinion, to treat them like lawbreakers is wrong too. Both these cricketers need game time before the World Cup which starts in four months’ time. We should give these growing cricketers chance to correct themselves morally,” Khanna wrote in a letter to the Committee of Administrators (CoA) running the BCCI. The appointment of an ombudsman was sought by the Committee of Administrators (CoA) to investigate the duo’s comments on hookups with multiple women and being casual about it with their families. With the bench nominating former Additional Solicitor General PS Narsimha as the new amicus, the case of appointment of a permanent or ad-hoc ombudsman will only come up as and when the new amicus takes charge.Khanna had echoed Rai’s sentiment on early resolution of the matter. “Pandya and Rahul certainly brought disrepute to the board with their inappropriate comments. For that, the BCCI has already suspended them provisionally. However, I am also of the view that the matter needs to be sorted at the earliest,” he had told PTI.The situation came into light with this one conversation when Johar was asking questions about not asking women’s name in a night club and what do men talk about. To this, Pandya replied, “I like to watch and observe how they (women) move. I’m little from the black side so I need to see how they move.” Pandya also boasted about how he casually discussed his sex life with his parents. “When I lost my virginity, I came home and said, ‘Main karke aya hai aaj (I had sex today)’. At a party my parents asked me ‘acha tera wala (women) kaun sa hai [who is your interest here?] so I said yeh, yeh, yeh (pointing out women)’ and they were like ‘waah proud of you beta’,” Pandya replied with laughter. Following the outrage, Hotstar removed the episode from the web while Pandya’s father Himanshu has said that the comments should not be taken seriously as his son was indulging in chatter in a light-hearted manner. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

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Liverpool Manager, Klopp Admits Onuachu’s Headache

first_imgLiverpool manager Jurgen Klopp has admitted he’s happy with how his defenders managed to deal with the threats of Paul Onuachu in Wednesday Champions League matcSpeaking on how his side coped with Genk’s 4-4-2 formation with Onuachu leading the attack and Mbwana Samatta playing behind him, Klopp said it was important to deal with the threat of such a big striker.”It was a smart move to start with such a tall striker. Their 4-4-2 didn’t make such a big difference in itself, because it didn’t change much in their defensive organization. Jurgen Klopp ”But Onuachu was strong as a starter and it was important not to constantly compete with him, because then we could make too many mistakes.”We were on the right track, only giving away too easy chances due to unnecessary ball loss or unnecessary risks in the game,” He saiOnuachu was in action for 81 minutes before he was replaced by compatriot Stephen Odey who scored the Club’s consolation goal.Meanwhile, Odey has dedicated his maiden UEFA goal in the UEFA Champions League to his mother.Odey’s mother celebrated her birthday on Tuesday, a day before the striker bagged his first goal for the club since his move from FC Zurich of Switzerland. The 21-year-old scored the consolation goal in the 88th minute, after Liverpool had scored on four occasions.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more