Angie's List Inc, which operates a website that allows users to review local businesses, reported a bigger-than- expected quarterly loss as it added fewer paid members.The company's shares fell as much as 20 percent, adding to their steady decline through the year. Up to Tuesday's close, they had nearly halved in value this year.The company has been losing market share and subscribers because it charges customers membership fees to access reviews and ratings on its site that Yelp Inc, TripAdvisor Inc and others provide for free.As a result it has had to slash membership fees over the past few years and has failed to turn in a profit since it went public in 2011.
Angie?s List, Inc. (Angie?s List) operates a consumer-driven service for members to research, hire, rate and review local professionals for critical needs, such as home, health care and automotive services. Shares of ANGI fell by 18.66% or $-1.545/share to $6.74. In the past year, the shares have traded as low as $6.28 and as high as $19.80. On average, 1429680 shares of ANGI exchange hands on a given day and today's volume is recorded at 4292682.
TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip. Shares of TRIP fell by 0.87% or $-0.7651/share to $87.32. In the past year, the shares have traded as low as $69.33 and as high as $111.24. On average, 1972130 shares of TRIP exchange hands on a given day and today's volume is recorded at 656399.
Yelp Inc. connects people with great local businesses. Shares of YELP fell by 1.01% or $-0.72/share to $70.56. In the past year, the shares have traded as low as $49.11 and as high as $101.75. On average, 3479830 shares of YELP exchange hands on a given day and today's volume is recorded at 2432874.
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