Thread by @Breakingviews

Building Little Island, a floating park in New York, was almost a 10-year process that included lawsuits about the American eel not getting enough shade. IAC Chairman Barry Diller tells @jennifersaba it was worth it in a @Reuters Newsmaker. bit.ly/3iwQt3x

Almost 100,000 people have crossed Little Island in New York since its opening last month, Barry Diller says.

As cities reopen, New York has come back with a bang. People who have left for Florida, Wyoming, etc didn't have real connections to the city, Barry Diller tells @jennifersaba.

Technology has given us a better way of dating. The odds aren't great for meeting people by chance, IAC Chairman Barry Diller says.

IAC is a unique business model. It was a conglomerate but it has also been anti-conglomerate, IAC Chairman Barry Diller tells @jennifersaba in a @Reuters Newsmaker. Watch here: bit.ly/3iwQt3x

Rather than being part of a conglomerate, standing on your own is a healthier thing than being one of many. IAC has spun off companies 11 times. It's not for everyone, Chairman Barry Diller says.

The conglomerate discount has narrowed over the years. It allows companies to repurchase their own shares, IAC Chairman Barry Diller explains.

When we were looking at gaming, IAC kept looking at MGM. It was vastly undervalued because of the pandemic, IAC Chairman Barry Diller says.

The Tinder lawsuit against IAC and Match is "really quite absurd," IAC Chairman Barry Diller says.

Apple, Google have their stores, which are like credit cards, charging fees. But 30% tribute for being listed in an app store environment that is essentially a duopoly is "nuts and will not stand." In future, people won't be paying 30% or even 15%, IAC Chairman Barry Diller says.

"I don't necessarily believe they should be broken up but they should be regulated," IAC Chairman Barry Diller says of tech monopolies.

"Netflix won some time ago," Barry Diller tells @jennifersaba.

AT&T decided recklessly that their route was to get into media. Discovery is able to manage the media assets better than AT&T can so it's a decent industrial combination though there's a lot of baggage, a lot of debt, IAC Chairman Barry Diller says.

IAC Chairman Barry Diller says he's happy the acquisition of CBS in the 1980s didn't work out.

Competing with Netflix is a fool's errand, but a company needs scale to even try, IAC Chairman Barry Diller says.

Comcast has superb management and the best hedge. They have a media business and tech business that is a balance to that. They are in a fantastic position, IAC Chairman Barry Diller adds.

IAC Chairman Barry Diller is in favor of vaccine passports, which he says are key to ending mask-wearing.

IAC Chairman Barry Diller says working from home is still in a subjective period. It's too early to tell how the pandemic will change things, but he's not convinced of the hybrid model.

Broadway will come back, but the damage that has been done to the industry is pretty rough, IAC Chairman Barry Diller says.

New York is the most stimulating city in the world. It's why IAC is based there, IAC Chairman Barry Diller says.