13D Filing: TCS Capital Management and ANGI Homeservices Inc. (ANGI)

The following constitutes
Amendment No. 1 to the Schedule 13D filed by the undersigned (“Amendment No.1”). This Amendment No. 1 is being filed
solely to reflect the internal transfer of all shares of the Issuer previously reported owned by a certain investment fund vehicle
and all shares of the Issuer held in an irrevocable family trust, in each case, to TCS Capital Advisors, LLC on November 1, 2017
(the “Internal Transfer”). In furtherance of the foregoing, this Amendment No. 1 amends the Schedule 13D as specifically
set forth herein.

Item 2.

Identity and Background.

Item 2 is hereby
amended and restated as follows:

(a)
This statement is filed by:

(i)

TCS Capital Advisors, LLC, a Delaware limited liability company (“TCS Advisors”);

(ii)

TCS Capital Management, LLC, a Delaware limited liability company (“TCS Management”), which serves as the investment advisor of TCS Advisors; and

(iii)

Eric Semler, who serves as the managing member of TCS Management.

Each of TCS Advisors,
TCS Management and Mr. Semler is referred to as a “Reporting Person” and collectively as the “Reporting Persons”.
Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the
Reporting Persons are hereby filing a joint Schedule 13D.

(b)       The
address of the principal office of each of the Reporting Persons is 888 Seventh Avenue, Suite 1504, New York, NY 10106.

(c)       The
principal business of TCS Advisors is investing in securities. The principal business of TCS Management is serving as the investment
advisor of TCS Advisors. The principal occupation of Mr. Semler is serving as the managing member of TCS Management.

(d)       No
Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).

(e)       No
Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to
such laws.

(f)       Mr.
Semler is a citizen of the United States of America.

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended to add the following:

The Shares owned by TCS
Advisors were received in connection with the Internal Transfer for no consideration.