is julia boorstin with barry diller, a first on cnbc interview.s so much. thank you, courtney. iac barry diller thank you so much for joining us here from ces. >> tell us about what that move says about your sense of this digital video subscrips space? >> it doesn't say much about the space it solicit we found that well really couldn't compete >> i mean, it's not material to our company at all we just decided let's concentration on where we can make good things happen. you also made this business purchase of care.com for half a billion, what are these two deals,. >> first of all, it wasn't a sale it was a spin-off. we create companies, we get -- and then we spin this much oaf to our shareholders. we're kind of an anticonglomera anticonglomerate match reached the same where we thousand a good thing to now be completely independent care, on the other side, which has no connection to match, you know, you think of care.com and what did conjures in your imagination, it takes care of people through technology. this is an area in which it is undoubtly go

david: did you tell barry diller you were interviewing? dara: i did very early. press was all over the place. dara: you couldn't keep it a secret, i guess? dara: i couldn't. i have barry to thank for pretty much everything in my professional career, and i could not bear the possibility of his hearing about this from some news report. he was the first person that i called. he was pretty unhappy at the beginning. then, he called me back. we had a series of conversations. he said, i understand why you are doing this. let me know how i can be helpful. he was genuinely helpful. we are where we are now. david: he did not remind you of the $180 million in stock options? dara: he understood the reason was not necessarily monetary. david: you were replacing travis kalanick. one of the founders and one of the biggest shareholders, but he was still on your board. was it awkward to be the ceo replacing somebody on the board? was that easy to do? dara: yeah, i feel the same way. i am on the board of expedia. i am the former ceo. there is a new ceo who i picked who is the board

. >> when we return, what barry diller said about facebook's political ad stanchion first a reminder, you can always watch us live on the go on the quk le r "sawaly"eturns in two. ♪ some things are too important to do yourself. get customized security with 24/7 monitoring from xfinity home. awarded the best professionally installed system by cnet. simple. easy. awesome. call, click or visit a store today. >>> stocks led by tech hit new highs. names like tesla have doubled in the last three months. the highest value automaker, gm, in u.s. history. amid the rally, the percentage of listed companies that are in the red like tesla is now close to 40%, highest level in over 20 years, so should investors be worried? kevin delaney of "the new york times" joins us. let's start with tesla and the mark market's seeming willingness to forgo looking at debt and losses >> we've talked about this many times. tesla is a cult stock and they've sort of checked the boxes to allow investors who enthusiastic about elon musk and the future of tesla to actually continue believing in the story the latest on

. >>> still ahead, barry diller predicting yesterday on "closing bell" that the quality of tv programswill discuss the impact that could have. >>> and from curing hangovers to losing weight. injectable vitamins have been a growing trend. we have a closer look when we return turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ >>> one of the newest trends is vitamins via iv drip we have that story for us. >> hi, wilf. you say vitt-a-minus, i say vitamins so here at nutridrip, the treatments cost to from $1 to as much as $600 a pop we know equinox offers it now at the hudson yards

barry dill son. she received $250,000 in restricted iac stock unit. chelsea clinton is on the board of expedia which dillerghly $80,000 of expedia stock since 2017. isn't this the exactly crony capitalism which democrat say they disapprove? >> get beat up on twitter for the answer. i have no problem with this. why? because i'm a supporter of capitalism. look, a lot of companies when you look at suite of different companies iac has? they are a lot of technology companies and why wouldn't they want millenial and high-profile on the board. >> john, stop it. i have been a public company director. i'm currently a private company director. these are very difficult positions to get even with that level of corporate governor nance experience, which is what a board does. she has absolutely no right, experience to be in the position. that is cronyism. not capitalism and should be treated with utter disdain. >> i'm with john beale. this is free market. if you buy access to something, with companies. this is something that happens. happens with the trump kids. happens with anybody who has political or business influen