IAC is a tightly managed group, which tends to issue hard objectives and demand large returns. Call it capitalism, call it old-style management, call it whatever you like. It has been that way since the beginning.

I am surprised that Tinder hasn't been monetized, as profits heavily drive management decisions. I've no idea what happened, but I wouldn't be surprised if a major target was missed.

IAC is a very rewarding company for those that deliver results as promised. I enjoyed working at a couple of IAC jobs many years ago, but it can certainly be an adjustment!

Best of luck to Sean, I bet he'll do well.