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Posted by
Two Blokes Jun 12 -
Filed in
Stock
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6 views
Following Angi's spin-off, Joey Levin gave up more than $100 M in IAC shares to lead Angi, signaling strong personal conviction in Angi's future potential. Post-spin off, Barry Diller holds 7% of Angi shares. This reminds me of the Host Marriott/Marriott International story in Joel Greenblatt's book. Angi started its turnaround in 2022 with a focus on cutting low-margin operations and improving customer experience.
