Number two, we don’t need personally identifiable information. That is a good trend in our favor. We have intent on our content. And I think that that will make it a good place to spend ad dollars. And the other one is that we have performance on our content. And that’s when we will literally when people are clicking through and making a purchase from our site to where people are doing research on our site and purchasing later, but they’re researching things that they are considering where they are considering making a purchase. And I do think that with that focus with that intent, with that trend of not needing the CII, I think we’re in the right place in this market to be taking share over time. You said on the terms and conditions and revenue recognition.
We viewed this as we’ve been looking to align in terms of conditions across our various business lines Angi for a while. And we viewed this resetting, moving away from complex money losing services and really driving behind simpler higher volume services as an opportunity to reset a number of things in aligning the Ts and Cs between ads and leads and services. The accounting literature is clear that we are not a principle, we’re providing the connection and there are a number of the customers and pros have renegotiated or rejiggered services over time based on expanded scope or when they’re there. So just formalizing that element, but it is clear that under the literature where we are not a principle it should be recognized on that basis.
Youssef Squali : That’s going to be true, handy .
Joseph Levin: Yes, yes.
Youssef Squali : All right. Great. Thank you both.
Joseph Levin: And thank you. Operator, one last question.
Operator: And the last question today comes from Tom Champion with Piper Sandler. Please go ahead.
Tom Champion : Hey, good morning. Joey, I appreciate all the detail around Angi and you digging in there. It sounds like you intend to run the business indefinitely. Just curious if you could update us on your thoughts there. And also the letter includes some interesting comments around M&A. I’m wondering if you could just flush that out a little bit. Any thoughts there would be much appreciated. Thank you.
Joseph Levin: Sure. Two good ones. And we are not actively searching for a CEO at Angi right now. But that doesn’t mean I plan to be in the job forever. I think we want to get to a good stable growing place. And when we have that we can find the right leader for the business, whether internally or externally. We’ve made some important hires there. We’ll continue to make some important hires, which gets a lot more leverage out of me into the business. And as you know, as I said earlier, Chris and others stepping up and corporate to cover other things. So right now that is working. And I’m enjoying the work I’m doing at Angi. And I think we’re making great progress. And so I’ll continue to do it as long as is necessary, but that certainly is not forever.
And that’s a good segue to your second question, which is I’m still spending real time on M&A, whether it’s for Angi or for IAC generally, and I’d say certainly much more weighted towards IAC generally. And we are continuing to look for opportunities. We are not in a rush. You said that last time we’re saying that, again. I think we’re in this current pricing period for a while. I don’t think the market is going to run away from us on price. And I do think that there are things that are starting to be priced attractively for us. The issue now isn’t so much that the price exists out there. It’s this the people’s willingness to transact. And I think willingness to transact becomes much more pronounced as the fire market fades further into the rearview mirror.
