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Barry Diller observed a dramatic shift in public sentiment towards Elon Musk since their appearance together at the 2024 US Open, where Musk was met with enthusiasm. Diller remarked that today, Musk would likely face hostility, reflecting backlash linked to his political ties and controversial statements, which have negatively impacted Tesla's reputation and stock. Investor Ross Gerber has called for Musk's exit, citing significant damage to the company's image and a bleak outlook unless Tesla can successfully launch its Robotaxi service.
Billionaire Barry Diller observed a rapid decline in Elon Musk's popularity since they attended the US Open together in 2024. Diller noted that while Musk was a major attraction at the event, public sentiment shifted dramatically after the recent presidential election and Musk's controversial government spending cuts, suggesting that if he were in the same box today, he might face hostility instead of admiration. Diller advised Musk to approach government spending reforms with a more considerate strategy rather than a drastic one.
IAC is considering a spinoff of Angi, its home improvement marketplace, which connects consumers with local service providers. The company, which owns 85% of Angi, noted that the spinoff could enhance shareholder value, although no specific timeline has been set. Angi's revenue fell 16% year over year to $296.7 million, attributed to reduced marketing spend, but it remains profitable with earnings of 7 cents per share.
Barry Diller
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