I would like to hear someone explain why it's worth $500M. From https://en.wikipedia.org/wiki/Angie%27s_List https://en.wikipedia.org/wiki/Angie%27s_List: > A

I would like to hear someone explain why it's worth $500M. From https://en.wikipedia.org/wiki/Angie%27s_List https://en.wikipedia.org/wiki/Angie%27s_List: > Angie's List is a US-based website containing crowd-sourced reviews of local businesses. For the quarter ending on June 30, 2016, Angie's List reported total revenue of US$83,000,000 and a net income of US$4,797,000. > Angie's List had its first profitable year since founding in 1995 in 2015. > In 2013, investors worried that the company had been in business for more than 18 years, yet never had shown an annual profit, and that valuations of the company were unrealistic based on the actual revenue the company produces. But by 2015 growth estimates indicate a significant earnings-per-share growth, with a long-term growth rate at 19%. Combine this with stock estimates rising in 2015 by 13.3%, some Securities research firms such as Zacks Investment Research indicated ANGI is well-positioned for future earnings growth.