zinio is one we will be digging into in particular regarding its spin out.n the other cited the equation, are we seeing perhaps a selling in the purchasing? prices are falling in march. the case-shiller index jumping 13% from the same time last year. meanwhile, consumer confidence maybe worrying about these price inflations. before we dig into housing and inflation, we've got to talk a little more about what happened to zinio's stock after it spun off iac. joe: iac, the internet powerhouse, spinning off from zinio. the ceo of iac joins us now. we see the stock having a bit of a slump. what is your take on the market's initial read? >> it is a weird thing. we did not do an ipo of vimeo. we did a spinoff. we never sold shares to the public. they just started trading. today was the first day they started trading. the stock price is down is because there was an issue in market trading for a few days where there was no volume. i think 14,000 shares traded a day ago at one price, and everyone is using that as a reference price. the business is doing fantastic as a