Seeking Alpha

IAC's Tutor.com buys The Princeton Review

  • InterActiveCorp's (NASDAQ:IACI) Tutor.com unit has bought leading test prep/college admission services firm The Princeton Review for an undisclosed sum.
  • Going forward, Tutor.com will mostly offer its existing services (used to connect students with a network of online tutors) under The Princeton Review brand. Joint tutoring/test prep services are planned.
  • Tutor.com, acquired in early 2013, is part of IAC's recently-formed Match Group, which also includes the company's online dating assets. Acquiring The Princeton Review could put Tutor.com on better footing to compete against Chegg (NYSE:CHGG), which recently bought rival tutoring site InstaEDU.
  • IAC is only two weeks removed from buying online dating service HowAboutWe. The company's Q2 report arrives tomorrow morning.
Comments (2)
  • Tschurin
    , contributor
    Comments (354) | Send Message
     
    Dear Ed:

     

    I think you missed the more interesting angle to this story. I'm not that familiar with the tutoring business but I would guess that Princeton Review's more similar and biggest competition is Kaplan, a division of Graham Holdings [formerly The Washington Post Co.]. And guess who one of the board members of Graham Holdings is? IAC's Barry Diller. Wonder how long he'll continue to be on the board of GHC?
    29 Jul 2014, 08:55 PM Reply Like
  • FernandoArdenghi
    , contributor
    Comments (148) | Send Message
     
    OkCupid lied to users about their love matches, calling it an “experiment” ?

     

    http://bit.ly/1oJymo7
    http://bit.ly/1oJyp3f
    OkCupid (fully owned by IAC nasdaq:IACI) told people who weren’t compatible that they were a romantic match, as an A/B test to see if users bought it.

     

    On Monday 28th July 2014, OkCupid co-founder Christian Rudder told the world – surprise! – just like Facebook, the company has been experimenting on its users. The gist of the post was, “You know how mad you were at Facebook? Well we did it too!”

     

    The Online Dating Industry is performing like the Pharmaceutical and Cosmetic Industry before the USA Food and Drug Administration was created. There is no/weak Legislation, no ID verification, low reliable background checks, no Quality Norms. No one compatibility matching method is Scientifically Proven. The entire Online Dating Industry for serious daters in 1st World Countries is a HOAX, performing as a Big Online Casino, with a low effectiveness/efficiency level of their matching algorithms (less than 10%). In the same range as searching by your own.
    30 Jul 2014, 03:28 AM Reply Like
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