I thought this might be relevant for those using or considering Angie's List:
http://www.forbes.com/sites/maggiem...-list-plummeting-on-securities-investigation/
Relevant:
http://www.forbes.com/sites/maggiem...-list-plummeting-on-securities-investigation/
Relevant:
Specifically, however, CPR is raising a number of deeper questions and said Thursday that among the issues it is investigating are: whether “the company consistently derived more than half its revenues from the service providers,” which would be ”contrary to the company’s claim that it provides its members with unbiased, online reviews, disallowing service providers from buying ratings”; whether or not “the legitimacy of the service provider side of Angie’s List business model was dubious, as service providers were forced to pay the company thousands of dollars a year in order to be listed as a highly rated service providers, and if they did not, they would not get customer referrals from Angie’s List”; and if, because of the fees Angie’s List charged service providers, these companies were forced to either charge above-market prices for “basic, run-of-the-mill services” or abandon Angie’s List altogether.