Review: Sell Angie's List
I'm not sure if it's ironic or just sad, but this morning I saw a Groupon (GRPN) offer for a one-year bundle membership to Angie's List (ANGI).
The company is losing money already with negative margins and it is offering to cut its $39 annual membership fee to $18. This doesn't strike me as a business that should be cutting prices by 54% already to attract new customers. ANGI has a market cap near the $1 billion range, roughly $832 million now, yet I've heard not a peep on this one....325 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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