Coming off the day when a major lockup period expired, shares of subscription review company Angie's List fell about 16%. Perhaps more alarming, insiders and early investors own about 44% of the stock, leaving Fool.com editor Andrew Tonner not a huge fan of the company. Inside ownership has caused a lot of problems with other companies like Facebook; it appears to be the same trend here. So, Fools, for relatively new tech companies, make sure to examine the lockup periods as they could offer predictions for the lower shares down the road.
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Andrew Tonnerhas no positions in the stocks mentioned above. You can follow Andrew and all his writing on Twitter at @Andrew Tonner. Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Google. Motley Fool newsletter services recommend Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.