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Angi faces investigation after Q1 revenue drop and strategic shift, shares plunge 35%.

Market News
28 May 2026
PRNewsWire
View Source
Bearish
pluang ai news

Angi Inc. is under investigation by Pomerantz LLP over possible securities fraud following its Q1 2026 financial report showing a 3% revenue decline to $238.2 million and a $9.5 million operating loss. The company also revealed a 56% drop in Network Revenue and a 22% decrease in active professionals, prompting a strategic pivot to an AI-native platform and suspension of quarterly guidance. This news caused Angi's stock to fall 35.22% to $4.80 per share. The investigation will determine if Angi's officers engaged in unlawful practices affecting investors.

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