1.0link193200<![CDATA[IAC Shares Surge Despite $28M Loss]]>http://www.huffingtonpost.com/2009/04/29/iac-shares-surge-despite-_n_193200.htmlNEW YORK — The recession took a bite out of IAC/InterActiveCorp in the first quarter, as revenue fell 22 percent in the Internet company's media and advertising unit, which includes the Ask.com search engine.
Shares of IAC advanced 69 cents, or 4.3 percent, to close at $16.65 Wednesday, however, as investors likely found solace in the fact that IAC slightly exceeded revenue estimates and said it bought back stock during the quarter.