Angie's List eyes 'year of transition' as cashflow turns positive
Reuters - 3 hours agoBy Chandni Doulatramani and Supantha Mukherjee (Reuters) - Angie's List Inc expects cashflow to turn positive this year as it spends less on acquiring new paid customers for its consumer review website, the company's co-founder said, fending off criticism of its business model by short-seller Citron Research. Chief Executive William Oesterle said Angie's List, which compiles reviews on everything from plumbers to pediatricians, said a recovery in U.S. consumer confidence might also help the company to post its maiden profit in 2014. ... More »Angie's List eyes 'year of transition' as cashflow turns positive
