IAC stands for InterActiveCorp, a media and internet company based in the United States. Founded in 1995 by Barry Diller, IAC operates various online brands and services across different sectors, including entertainment, dating, and e-commerce. The company is known for its diverse portfolio, which includes popular websites and applications. IAC has a unique business model that focuses on acquiring and developing companies in the digital space. Over the years, it has spun off several successful businesses, such as Match Group, which owns Tinder and OkCupid. This strategy allows IAC to innovate and adapt to changing market trends effectively.