In an interview with Wired's Steven Levy, Williams lashed back at two traditional media fogeys who pooh-poohed his company's potential at the Sun Valley schmoozefest in July. Barry Diller, of IAC, and John Malone, the satellite TV mogul, said the microblogging service would never make much cash.

"I didn't argue my case," Williams says. "But all the Internet guys there were laughing at those media guys. Are you kidding? Do you understand how money flows to the Internet? When you know that Twitter is a vehicle for directing information and traffic to large audiences, you realize there's obviously a huge business."

And, hey, that's coming from a guy who made four whole million dollars last year, old media people, so you better listen up. These guys have spreadsheets that would blow your minds.

Those words could so easily be used to describe the former studio head's marriage blanc to fashion designer and longtime friend Diane von Furstenberg. Diller's widely known to be gay; a former boy-toy even wrote a lightly-veiled account of his two-year relationship with a tycoon nicknamed 'Bear' who sounds much like Diller; and his for-show relationship with Diane von Furstenberg has long been the subject of amusement among Hollywood insiders.

Here's just one tale that makes the rounds. At Ed Limato's pre-Oscar party, Barry and Diane (who had just recently tied the knot with a lot of eyerolling from those attending) were hanging out. People were sitting with comedians Steve Martin and Martin Short. Short noticed Barry was there with his bride, and said, “Isn’t it a shame that Barry and Diane feel they have to be here swanning and glad-handing for political reasons when they could be at home doing it?”

Barry sent out an email to corporate last night saying the case will be this week, everything will be fine, iac's stock been doing really well thanks to everyone at IAC corporate etc. I don't have a copy but if you know someone there who can get you one, might be interesting to read in a Dr. Pangloss kind of way.

As I'm sure most of you are aware, IAC will be in court this week to resolve a business dispute with Liberty Media related to how we implement our planned spin-offs. The trial will begin tomorrow in Delaware, and is expected to run through the end of the week. The media has not surprisingly become enchanted with this dispute, so I expect a fair amount of press coverage during the process attempting to paint the trial as going one way or the other. Please do your best to ignore it. I will try as well but probably fail.

At the end of the day, it's purely a business dispute. We are highly confident in our legal position and are looking forward to proving our case to the judge. But, whatever the outcome, you have much to be proud of. And no one, including those seeking to dramatize this dispute with generic and often wrongheaded characterizations of our Company, can or should take that away from you.