Tag Archives: Yelp
Yelp Is Now Valued At Nearly $1.5 Billion
Reviews website Yelp.com is now valued at almost $1.5 billion since going public earlier this week. Yelp was received well by Wall Street during their first day as a publicly traded company. Yelp closed at a price of $24.58 per share, which is up 63% from their $15 IPO price. Yelp hit as high as $26 per share and never fell below the $22 opening price.
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Yelp Soars 73% During IPO Debut
The stock price of user reviews website Yelp.com has soared 73% in their first day of trading after they started selling shares for more than planned in an IPO. Yelp raised $107.3 million in the IPO and they priced the shares at $15 each. At the time of writing this article, Yelp’s shares are trading at $24.59. Yelp is trading on the New York Stock Exchange under the symbol “YELP.”
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Yelp Sees $16.9 Million Loss In 2011
Yelp is the popular user-generated review website that filed for a $100 million IPO in November 2011. The company has reported a wider loss in 2011 due to an increase in spending to attract more reviewers and make the website easier to use. Yelp reported a $16.9 million loss last year compared to a $9.74 million loss in 2010 according to a regulatory filing.
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Foursquare Is Getting Into Yelp’s Territory By Releasing Recommendation Engine
Mobile check-in app Foursquare launched a feature called Explore last year. Explore uses algorithms to suggest restaurants and places to visit nearby based on the check-in history of that specific user and his or her friends. Today Foursquare is launching a recommendation engine for the web.
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Categories Foursquare, Yelp
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Yelp Goes Live In Australia
Yelp is a website that allows you to review almost every local service. This includes restaurants, bars, doctors, dentists, spas, hotels, pet stores, real estate agents, etc. Today Yelp has launched in Australia. Yelp will focus initially on Melbourne and Sydney and will expand to other cities from there. You can visit the Australian version of Yelp at Yelp.com.au.
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Categories Jeremy Stoppelman, Yelp
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Yelp Files For $100 Million IPO
Yelp is a local business review website that has filed for a $100 million IPO. Goldman Sachs, Citigroup, and Jefferies are working as the lead underwriters. However the San Francisco based company has not selected an exchange to be traded on. Yelp is using multiple classes of shares for the public offering.
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Yelp Is Not Getting Out Of Daily Deals
Several publications are speculating whether Yelp. This was based on a rumor without substance. Yelp updated their company blog to confirm that they are staying in the daily deals market. Yelp wrote that it can be beneficial for businesses to sell daily deals to “connect online marketing to offline customers in the door.”
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Yelp Adds A Hipster Category
Yelp.com is a reviews website that focuses on bars, restaurants, coffee shops, etc. It lets you filter venues based on categories such as trendy, intimate, classy, etc. Now they have added a new category: hipster. Some of the hipster spots include Roberta’s in Bushwick and Freemans on the Lower East Side. [Gawker]
Yelp CEO Does Not Want Their Reviews Appearing On Google Places
Yelp CEO Jeremy Stoppelman is not happy the way that Google uses reviews from his website on Google Places for local businesses. Google told him that if he does not like it, then he can choose to remove his website from Google entirely. This is not an option since Yelp heavily depends on being at the top of Google search results.
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Categories Google Places, Jeremy Stoppelman, Yelp
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TripAdvisor, Yelp, CitySearch, and WebMD Not Thrilled By How Google Displays Links
When you search for a local venue, hotel, information about a city, or even a health condition on Google.com, you may find a result from Google.com itself at the very top. TripAdvisor, Yelp, CitySearch, and WebMD are not happy with the way that the links are displayed. With Google.com being the top result, it makes it even more of a challenge for the aforementioned websites to compete for ad revenue.
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Categories Citysearch, European Union, Google, Jay Herratti, TripAdvisor, WebMD, Yelp
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