Tech Five: IAC swipes right for Wall Street

IAC/InterActiveCorp announced its intent to pursue an IPO of The Match Group, the dating conglomerate behind Tinder, Match.com, and OkCupid.

As of morning trading, shares of IAC were up nearly 4%.

Let's take a look at the tech stocks to watch Thursday:

IAC/InterActiveCorp (IACI). The company announced its plans to spin off dating conglomerate The Match Group, and expects the IPO to be completed in the fourth quarter. IAC said it expects The Match Group to issue less than 20% of its common stock in the IPO, with the remaining stake represented by both high and low-vote common shares

Yahoo (YHOO). Yahoo shares were up during morning trading after CEO Marissa Mayer addressed investors at the annual shareholders meeting Wednesday. At the meeting, Mayer provided product updates and reassured investors that the Alibaba stake spin-off is still slated for the fourth quarter.

Fitbit (FIT). Fitbit — the stock that seemingly wouldn't quit — is slipping for the first time since its successful trade debut last week. Shares of Fitbit were down nearly 5% during morning trading.

BlackBerry (BBRY). BlackBerry announced its plans to repurchase up to 12 million shares of common stock to offset the dilution from a new employee stock purchase plan, which was approved earlier this week, according to CNBC.

Facebook (FB). Shares of Facebook were still up Thursday morning after the company hit an all time high Wednesday. The social networking company's shares jumped nearly 1% Wednesday, which led the company to a value of $249 billion. Facebook is currently worth more than Walmart, one of the world's largest retailers.

Follow Trisha Thadani on Twitter: @TrishaThadani