UPDATE 1-Expedia sells eLong stake to Ctrip, others for $671 mln May 22- Expedia Inc said it sold its entire stake in online travel company eLong Inc to rival Ctrip.com International Ltd and others for about $671 million, after struggling with mounting losses at the Chinese company. Shares of Expedia and Ctrip touched record highs in early trading on Friday. Ctrip's stock gained 13 percent to $81.20, while Expedia's rose 9...
| By: Ankit Ajmera
Spotify to start offering videos, podcasts May 20- Spotify, which provides free on-demand music or ad-free tunes for paying customers, said it will now also provide video content and podcasts. The video offering will include content from Vice Media and Viacom Inc's Comedy Central, the Stockholm- based company said in a press conference. The move will position the company to compete with Google Inc's...
Investing in dating sites More than 41 million people visited an online dating service in March of this year. CNBC's Josh Lipton discusses whether investing in online dating stocks like IAC/InterActive Corp and Spark is a good idea.
Why a dating site ditched its IPO Dating sites may pique the interest of some investors, but the $2.4B online dating market is fiercely competitive.
| By: Josh Lipton
'Let's not get crazy' about Tinder: Diller InterActive Corp. is actively trying to damp down "crazy speculation" around its popular dating service Tinder, Barry Diller tells CNBC.
| By: Tom DiChristopher
Invest literally where there is a good idea: Diller Barry Diller, InterActive Corp. and Expedia Chairman, addresses the digital world of online dating services and reveals the new idea for Tinder, and IAC's portfolio and investment and business strategies. The best thing is when companies are able to compete with themselves, says Diller.