per WSJ that division is less than 5% of IAC revenue and shrinking. it would be surprising if there was more than a 2-3% move attributable to this news, which would bring you all the way back to, um, thursday's share price.
also, this price action should be incorporated into the opening auction, so really you should sell before the market opens, not when it opens
Wonder how much Profit, though. Since there’s only upfront cost and then a massive long tail collecting Google Revenue for 3-4 years the unknowing and unsophisticated user keeps it installed (all profit at that point). Chrome uninstalling would be quite the disruption to their cash cow.
In the words if George Carlin (may he rest in peace), “Think of how stupid the average person is, and realize half of them are stupider than that.” The second half are who this part of IAC’s profit thrives on.
also, this price action should be incorporated into the opening auction, so really you should sell before the market opens, not when it opens