Articles

Angie’s List alters pay formula for huge sales force

In a move to improve cash flow by an estimated $10 million a year, Angie’s List is changing the way it pays its sales staff. Salespeople compose at least 600 of the more than 1,000 employees at Angie’s, which publishes consumer reviews of plumbers, pet groomers and other service providers.

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Members sue consumer ratings site Angie’s List over fees

A federal lawsuit seeking class-action status alleges that Angie’s List automatically renews members' subscriptions at a higher rate than they’re led to believe, under what it calls a “systematic and repeated breach of its membership agreement.”

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Angie’s List shares plunge after wider quarterly loss

Angie's List Inc. saw revenue jump 74 percent in the second quarter, but the Indianapolis-based contractor-ratings service continued to see growing losses as the result of higher marketing expenses. The company’s stock fell more than 10 percent Thursday.

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Angie’s List files to sell $75 million in stock

The offering could include up to $75 million of its common stock, including $10 million to be sold by the company and the rest by shareholding officers. Most of the funds will be used to finance an ongoing advertising campaign, Angie’s List said in its filing.

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