Angie’s List Swings to Surprise Loss

Angie’s List swung to an astonishing detriment in a initial quarter, harm by aloft spending as a association works to renovate a business to a “freemium” model.

But shares combined 3.4% to $8.01 in midday trade in New York, reversing march from waste progressing in a session, as a association reported that trade to a website grew by a quarter.

Chief Executive Scott Durchslag pronounced a association done “good progress” during a period…