Business

Tuesday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.

Angie’s List

Angie’s List parent company Angi Homeservices benefitted from the pandemic and people staying home to do home projects.

With more people at home during the pandemic, the demand for home improvement services has boomed.

Though demand for home services on its platform has soared, supply from service providers remains constrained, affecting the company’s financial performance.

WW International

WW launched its MYWW+ program focusing on helping users increase their activity levels, achieve better sleep and avoid stress-eating.

Trending Headlines

WW used to be known as Weight Watchers.

This comes at a time when some Americans remain distressed over the pandemic and as cases surge and the cold weather encroaches. Also, more people are being forced to stay indoors which can put an end to a normal exercise routine.

Big tech

Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey are scheduled to appear before Congress Tuesday in a virtual hearing.

The hearing was scheduled after Twitter and Facebook banned or limited the reach of a New York Post story about Joe Biden’s son whose computer seemed to show deals with foreign companies.

Some are calling for the platforms to be broken up.

Airbnb

Airbnb plans to go public even though the pandemic has decimated its business.

The company made $219 million in net income or revenues of $1.34 billion last quarter. That was down nearly 19% from $1.65 billion in revenue a year prior.

The company said it plans to trade under the symbol “ABNB” on the Nasdaq.

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