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Angie's List, Inc. Message Board

  • facttrader7 facttrader7 Oct 2, 2013 9:11 AM Flag

    Angie's List sells off following B. Riley note

    • 4:43 PM

    B. Riley, which has cut its Angie's List (ANGI -9.7%) estimates, thinks the departure of CTO Manu Thapar could be a sign of poor performance for the company's local services marketplace.
    In August, Angie's acquired home maintenance site BrightNest in an effort to create "a user-friendly front-end" for its marketplace, and in doing so process a larger share of the transactions that stem from its site. Share sold off in August following a Q2 EPS miss.

 
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