Angi: Look Where The Incentives Are

2025-06-11 23:47:10 ET

Charlie Munger : Show me the incentives and I will show you the outcomes.

The story of this article started with MGM Resort International ( MGM ). When I was researching MGM, I found out its largest shareholder is IAC/InterActiveCorporation ( IAC ), which holds around 23% of the company. This made me dig into IAC and its current holdings. During that process, I came across the recent IAC's spin off , Angi inc. ( ANGI ). What really caught my attention about that transaction was Joey Levin's decision to leave IAC to become executive chairman of the Angi....

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