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IAC reported 2025 revenue of $2.39 billion, a $97.4 million operating loss and $986.8 million of cash, cash equivalents, restricted cash and equivalents at year end. The Coverage Bootstrap question is whether the portfolio company can turn liquidity, public st
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Datavault AI's Perpetuals.com agreement gives its RWA tokenization story a needed liquidity layer, but the investment case still depends on listings, trading volume, fee recognition, and cash collection.
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