Chief Technology Officer Robert Wiseman has decided not to relocate permanently to Indianapolis, opening the door for former ExactTarget executive Darin Brown.
If Angie’s List fails to live up to promises fueling a taxpayer-subsidized headquarters expansion, the company will pay an undetermined amount into an escrow account for the city’s benefit.
Angie's List Inc. continued to lose money in the third quarter and failed to meet Wall Street expectations. However, the loss was smaller than a year ago, and revenue jumped 24 percent.
Some real estate experts wonder whether the area’s revival relies too much on Angie’s List.
The struggling consumer-review firm plans to spend some $40 million to expand its headquarters campus on the east side of downtown and create 1,000 jobs with the help of more than $25 million in state and city incentives.
Amazon has been developing its own local services marketplace. Yelp is the leading consumer-review service in the retail space. Website Holding company IAC, meanwhile, has a big stash of cash and owns competitor HomeAdvisor.com.
The Financial Times said the Indianapolis consumer-review company already has had conversations with prospective buyers but "is not wedded to selling itself."
The settlement stems from a 2012 lawsuit alleging that the consumer-reviews firm renewed members at a higher rate than they were led to believe.
Shares in Angie’s List Inc. dropped as much as 24 percent and at least seven analysts downgraded the stock Thursday after the company reported a bigger-than-expected loss in the second quarter on Wednesday afternoon.
It was no surprise that the Indianapolis Motor Speedway approached the Indianapolis-based consumer-review service about sponsorship of the Grand Prix of Indianapolis before the inaugural event in May. But the first response from Angie’s List CEO Bill Oesterle was no.
Chief Marketing Officer Angie Hicks-Bowman spends an hour and a half each month recording consumer-advice segments hat are downloaded by more than 100 television stations around the country and incorporated into their own consumer news segments.
John Chuang, co-founder and CEO of Boston-based Aquent LLC, fills the role of retiring Angie’s List director Keith J. Krach of California, who is CEO of DocuSign.
Shares in the Indianapolis-based consumer-reviews service fell 14 percent in after-hours trading Wednesday evening, despite a rare profit in the firm’s fourth quarter.