Is Angie's List in trouble?

Dateline: Thu 08 Nov 2007

Word from one of those dismissed at Angie's List says the company is in a serious "cash crunch" and is hoping to be purchased, maybe by Google.

"The company has tried to grow too fast without enough funding,"

he said.

"Just last week everyone was directed to clean up their areas and that could only mean someone was coming in to take a serious look around."

He added that the company, despite outward appearances, doesn't

have its act together and often makes a decision, then changes it. "One

boss seems to overrule another boss without provocation," he added.

Anyone else have anything to add? This follows an earlier posting about Angie's List laying off 30 or so employees. Most were in sales; others in middle-management.


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