The Left is all excited because Angie's List is "boycotting" Indiana over the state's new Religious Freedom law.
What they are not telling you is its stock price is down, it has posted losses for at least three years, and its plan to build a $40 million operation in Indianapolis required $18.5 million in tax incentives, which it lobbied for heavily this year. The boycott may be a cover story for a project that pancaked.
Angie's List is an online operation where people rate services and companies. Founded by Angie Hicks in 1995 with money from her boss, venture capitalist William S. Oesterle, roughly 70% of its money comes from advertising, which some people see as a conflict of interest. I mean are you going to give a low rating to an advertiser?
A federal lawsuit filed in Philadelphia this month may answer that question.
Read the rest here...