i wonder if it wasn't within iac.mes in the valley that was a venture company that was doing round after round and watching its value go up i feel like we would be talking about it even more. >> possibly. okay. i'm not against people talking about it. i think it's great. i'm not against people saying it's going to be worth $3 trillion but for us our responsibility is since we birthed it rare that kind of home grown in a large company, largest company, new internet idea. so our responsibility is to grow it sensibly and to be in our own minds prudent and skeptical as well, while at the same time pushing it every way we can on the ground. the froth and all of that stuff, i don't want it to affect us. >> it will affect the way your stock moves. i can't tell you how many investors i've spoken to. that's what they want to talk about, the embedded value of tinder. they won't tell you how much they own. what is that all about you won't tell people how much you own of tinder? >> we own all of it. >> you don't own all of it. >>

he runs iac or he's chairman of that and expedia. as you well know.esting collection of businesses led by its match service if you will. basically all the different dating sites, the one that has really attracted a great amount of interest from investors is tinder, it's only two and a half years old, it was incubated inside iac, if you will and it is growing with extraordinary pace. that said, investors, while they're trying to figure out the valuation are also still trying to figure out just how much of it iac owns. because while the company does control it fully, it doesn't own it fully. and so i tried to get the answer. >> we own the majority of tinder. >> right. is that 95%? >> no, it's not 95%. it's less than that. >> why not just put a number out there? >> i actually don't know why. >> you don't know why. >> i don't know why we don't. it's never really come up. no one's ever said to me tell my explicitly what the number is. >> rolely? i've had people say you've got to ask them how much they own, because we don't know. >> we own more than 60%. >>

iac owns 39 different online dating companies, and this is the new thing.s is the way people will meet in the future. and what i tried to explain at the sohn voemt conference, this is the way people will meet and it's here to stay. >> when you hear mr. diller describe this new application, in a bar where you could be sitting there, and kayla would be over there, i'm just saying, for example purposes -- >> do you have this down? >> no, i swipe, i mean, do you think that's something people really will do? >> yeah, i mean look, tinder has just completely taken off because it's, even campus colleges, you don't know who's single, who's not. what's so great, you c swipe right, and the person you like, off crush on doesn't swipe right, left, they're never going to know you swiped right. you only get a match if both swipe right. you save face, and it's an excellent idea. and what's so amazing, the net effect. >> what do you assume about how you monetize tinder though? in this era, we hear so much about pricing being depressed. do you assume they have to have a real

speculation surrounding the valuation of the app, some analysts saying it's larger than the market cap of iacwns more than 60%. we couldn't leave without asking them if tinder is fairly valued. the app's co-founder said it was just right. carl? >> nice. when we come back starbucks and spotify coming together. details in a moment. part adventure. it's part geek and part chic. it's part relaxation and part exhilaration. it's part sports car and part suv. and the best part? the 2015 gla. it's 100% mercedes-benz. so if you get a trade idea about, say, organic food stocks, schwab can help. with a trading specialist just a tap away. what's on your mind, lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move, wherever you are. and start working on your next big idea. ♪ building aircraft,orking on your next big idea. the likes of which the world has never seen. this is what we do. ♪ that's the value of performance. northrop grumman. >>> starbucks and music streaming service spotify coming together. baristas a

iacs. we do not have the patience for just one taste. good morning. i'm olivia sterns.ker. it was a record-setting day for u.s. stocks yesterday. today, flatlining. the stock market picked up momentum and we saw the records set. they are still hovering near record highs. the big story is in europe. a big pl

for investor who is want a piece of the market the biggest public player would be iac that runs match.comcupid. a more pure play would be spark networks that runs j date and christian mingle although that is down 30% in the last 12 months. no lack of new start ups. happen that boasts 750,000 daily active users uses location-based technology to help you connect with other happen members. analysts think this attracts users and attention, but there is no guarantee investing in the sites will be a success. back to you. >> prices lower today. you have a number of downside factors that are not moving that much lower. they are supported at $59 a barrel. you have a stronger dollar and citing the draft and remaining low for an extended period of time. this conditional approval for shell to drill in the arctic and that could add more production out of the u.s. at record levels. you expect prices to be down in the same token. # digested by the news and also keeping an eye on geopolitics. the prices should bed heading lower. the $59 mark is a key support level. back to you. >> jackie thank you very m

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david faber is at iac headquarters in new york.we are