Web-holding firm IAC promises continued search growth

SAN FRANCISCO (Reuters) – IAC/InteractiveCorp’s said that growth in its search business would slow from the “meteor ride” of the past two years, but it was confident of double-digit growth for the “foreseeable future.” Shares of IAC were unchanged at about $43 in after hours trading on Wednesday after the company reported a 28 percent increase in fourth-quarter revenue, slightly exceeding Wall Street targets. Executives at the Web holding company sought to dispel concerns that industry changes were taking a toll on its search business, which includes the Ask. …

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Web-holding firm IAC promises continued search growth

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