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Angi shares plunge 35% after Q1 losses and user decline spark shareholder lawsuit investigation

Market News
08 Jun 2026
PRNewsWire
View Source
Bearish
pluang ai news

Angi Inc. reported a revenue drop and operating loss in Q1 2026, with a 22% decline in average monthly active users. The company announced a shift to an AI-native platform, pausing legacy platform updates and quarterly guidance. Following this, Angi's shares fell over 35%, prompting an investigation by the Schall Law Firm into possible securities law violations for misleading investors. Shareholders who suffered losses are encouraged to contact the firm for legal rights and potential action.

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