Yelp (YELP) said Tuesday that the Federal Trade Commission has dropped its investigation of the online review site, which has faced allegations over the past year that it manipulated business reviews. Representatives for the FTC did not respond to requests for comment. According to a blog post on Yelp’s website by Vince Sollitto, the company’s vice president of communications & public affairs, “the FTC recently concluded a deep inquiry into our
Marking its second European acquisition in less than a week, crowdsourced online review site Yelp (YELP) announced it has purchased Cityvox, a French-language online review site specializing in restaurants and nightlife. Cityvox’s content will be integrated into the main Yelp site. Financial terms of the deal weren’t disclosed. “We are looking forward to integrating this review and photo content into Yelp and putting it at the service of consumers
Crowdsourced online review site Yelp — a favored destination for consumers looking for restaurants, nail salons or plumbers — has company. Internet giants Google (GOOGL) and Facebook (FB) continue to expand in offering user reviews as they look to reel in more local, small-business advertisers. And for the past two quarters, Yelp (YELP) has failed to sign up as many new local business accounts as Wall Street expected, hurting its stock. Social