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Pomerantz investigates Angi Inc. for possible securities fraud after poor Q1 results and stock plunge

Market News
02 Jun 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

Pomerantz LLP is investigating Angi Inc. for potential securities fraud following the company's disappointing Q1 2026 financial results, which showed a 3% revenue decline, a $9.5 million operating loss, and a 22% drop in active professionals. Angi also announced a strategic shift to an AI-native platform, pausing legacy platform development and quarterly guidance. The news caused Angi's stock to fall 35.22% on May 6, 2026. The investigation aims to determine if Angi's officers or directors engaged in unlawful business practices affecting investors.

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