Angi faces securities fraud probe after Q1 results show revenue drop and strategic shift to AI platform.

Angi Inc. is under investigation by Pomerantz LLP for potential securities fraud following its Q1 2026 financial report, which revealed a 3% revenue decline, a $9.5 million operating loss, and a 22% drop in active professionals. The company announced a strategic pivot to an AI-native platform, pausing legacy platform development and quarterly guidance. This news caused Angi's stock to plummet 35.22% on May 6, 2026. The investigation could impact investor confidence and future company disclosures.