When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
UDMY - Angi: Hopefully U.S. Restructuring Matches Success Of International
Udemy Inc.
2024-07-03 11:35:03 ET
Summary
Angi Inc., a holding of IAC Inc., is undergoing heavy restructuring, resulting in falling revenues but significant profit growth.
The company is cutting non-profitable businesses and eliminating large cost bases, particularly associated with trying to scale these businesses.
Despite the positive changes, Angi's valuation is not exceptional compared to other platform businesses like Udemy. IAC is more interesting in terms of value.