barry diller defending iac and match group against acquisitions from tinder co-founder he along withs allege that they undervalued tinder when it's parent went public in 2015 he is asking for $2 billion in damages. now, barry diller on the stand explaining why the evaluation doesn't make sense he said at the time it was valued between 4.5 and $5 billion, saying back then tinder was making $5 million while all of match's other properties were making about $300 million diller said that based on that, it would be, quote, impossible for tinder to be womore than match. diller denied that he ordered subordinates to libanks. match followed up with a statement saying, quote, plaintiffs are wasting the jury's time by calling witnesses like mr. diller who had nothing to do with tinder's valuation because they are more interested in grandstanding than showing evidence now, this morning sean rad is back on the stand defending his calculation of damages this morning. they have been reviewing documents from jeffreys, the bank, one of the banks hired to determine a valuation of the company. rad say

now, along with sean had we expect iac chairman barry diller and greg blatt to testify in a three-week it will be interesting to see how this plays out, carl speaking of technology trends accelerated during the pandemic, we have certainly seen the continued growth of digital dating in the last three years since this case was filed. >> yeah. fascinating. and jon, i'm trying to think, the universe of examples where you had a co-founder go back and argue for a bigger share of what the pie eventually became, it's not unprecedented, but doesn't happen too often. >> yeah. this dating business just seems to be so dirty i mean, when you look at what happened with bumble's founder in this group and then sean rad said -- lots of accusations of cheating just like real dating, i suppose. maybe this will get sorted out meanwhile, remember, confluent, the stock went public earlier this year. we had the ceo on ipo day. shares have more than tripled since then ceo is back with us to talk earnings after the break stay with us we're getting destroyed out there. we need a plan! right now, at t-mobile, cu

. >>> iac posting better than expected third quarter results driven from angi home services businessthe company's search segment. quarterly revenue came in at 924 million up 30% from a year earlier and well above the street consensus forecast. joining us now to discuss is iac ceo joey levin thank you for being with us today and i want to start out with your ad performance seemed unperfected by apple's operating system and changed the ability of so many other platforms to target ads i'm curious if you could weigh in on that and also whether you're seeing any impact from the supply chain constraints holding back advertising >> sure. i think actually, so, dot dash was a beneficiary of some of that dot dash one of our bigger advertising platforms and dot dash is the beneficiary of that because they don't use any, they don't need to use any personal identifying information for their ads to perform so, when a lot of these ad dollars are looking for a home, i think that ends up being a beneficiary there. dot dash publishes the kind of content intent driven media and when there is intent lik

. >> reporter: before the flight, he's iace. >> then i'll have a chance to sit back and say, okay, this is actually real. >> crew three is on their way to the international space station. [ cheers ] >> reporter: crew dragon will be in position to rendezvous and dock autonomously with the space station thursday evening. their home for the next six months comes with quite a view. mark strassmann, cbs news, at the kennedy space center. >>> last night's launch was the fifth passenger flight for spacex overall. it also marked the 600th person to reach space in the past 60 years. >> back here on earth, there's encouraging progress to protect children from covid. the white house says more than 900,000 kids between the ages of 5 and 11 have received their first vaccine shot so far. they say another 700,000 appointments have been set up for that same age group. more than 20,000 vaccination sites are up and running across the nation. meantime in texas, a federal juha disabilities act. the ruling allows months of legal wrangling between parents and the state. >>> the cost of living is on the rise.

clearly something that iac investors are paying attention to. >>> roblox gearing uch for investor dayack up enwh wee joined by an analyst this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schwab! look forward to planning with schwab. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> shares of roblox skyrocketing since the ipo back in march of this year and now the giant is gearing up for the investor day set for tomorrow. let's bring in john freeman from cfro research who has a buy rating on roblox great to see you thanks for joining us. i gues

diller denying the allegations he also challenged testimony by tinder founder sean radd that iac hasistory of using corrupted valuations of companies it buys. >>> info war's host alex jones losing a fourth libel suit over claims that the sandy hook shooting was a hoax. the judge found jones guilty by default for failing to turn over documents before the trial to determine how much the host owes the families of victims are set for next year. >>> as meg mentioned earlier in the show, oughaustralia implemeg a nationwide lockdown for people who have not been vaccinated for covid-19 police are enforcing the rules to prohibit them from losing home except for essential activities >>> you're up to date. kelly, back to you >> rahel, thank you very much. >>> a tug-of-war between tech and ray since the fed's last meeting. the fed manager joins me with the top picks and why he is staying bullish. that's next. to make progress, we must keep taking steps forward. we believe the future of energy is lower carbon. and to get there, the world needs to reduce global emissions. at chevron, we're taking

iac shares, a share stock in the green, up 1.5% i want to point out electronic arts now in the red. activision blizzard down over 2%. >> thank you travel stocks are hit hard right now on the omicron fears seema mody with a look at the biggest movers. >> it is too early to understand the impact on travel hotel occupancy around 61% recent weeks experts are leaning on past trends with alpha and the impact immediate. with delta vaccinations were available so the impact was less severe by september demand started to climb back up and most recently nearing 2019 levels. the outlook for business travel is in question the most important question of hotel operators with over 30% of the portfolio in urban markets for corporate travel and the expectation is a rebound in early january. two data points to watch to get a better sense of how consumers respond, tsa check-ins tomorrow and then weekly hotel occupancy thursday at 1:00 p.m >> thank you so much for that. office demand had been improving this year and office reits are selling off. diana has a look at the sector. >> call it the best of the