The mrkt has woken up and priced Groupon, Zynga, FB accordingly all are significantly down. Yet Angie's List is still valued at over 500 million! WHY? They have lost money from the get go, there is no indication that the losses will end anytime soon. Frankly it is a dumb idea, I just do nto get it! I have no position in this stock, just shocked that anyone sees any value here.
There is always stupid fund managers around who buy any stock without knowing what they are buying.
I shorted GRPN at around $11.00 and every day there were fund who would buy it at $10.75 or $10.50 and then $10.00
They all thought they were getting in at bargain prices and sometimes an idiot would show up and pushes the stock from $8.00 to $9.00 . I covered mine around $6.75 as I thougt further drop would be slow and small .
I can not short this stock but I am waiting the stock to become available to short .
This stock is worse than GRPN . At least GRPN making money and the model might work . This company has no international exposure and all domestic people who were interested have already signed up and most likely will drop their subscription that is why the company has no revenue increase and cost are going up as they have to advertise to get new customers .