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Shares of Angie's List (ANGI -4.1%) tail off on day 2 of trading as volume comes in a bit...

Shares of Angie's List (ANGI -4.1%) tail off on day 2 of trading as volume comes in a bit lighter. The now-public company bucks the notion a paid-content model won't work on the Internet with 70% of first-year subscribers re-upping their memberships - a percentage that jumps to 87% for people who have been members for five years or more. Will the success of Angie's list and the New York Times paywall have other content companies talking about dipping their toe in the paid-content pool?
Comments (2)
  • How is it working? Definition of success isn't keeping customers but making money. ANGI has never made money and won't anytime soon.
    18 Nov 2011, 02:44 PM Reply Like
  • This post is a joke. Cost of customer acquisition is rising. Anyone can get subs to pay less than the cost of acquisition.

     

    Angie's List has the potential to be an epic failure for IPO investors. Read the details of their SEC filing. It's all classic Wall Street smoke and mirrors.
    18 Nov 2011, 02:51 PM Reply Like
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