Tag Archives: yelp

Yelp Wins Lawsuit As Court Upholds ‘Hard Bargaining’

Yelp (YELP) emerged the winner in a lawsuit brought by several small-business owners who claimed that the online review site wrongfully manipulated user reviews. The decision, released by the U.S. Court of Appeals for the 9th Circuit on Tuesday, said that the online review site is entitled to charge for its ads, making it within the company’s rights “to post and arrange actual user reviews on its website as it sees fit.” While business owners “may

Yelp Gains ‘Confidence,’ But Business Accounts Lag

Yelp (YELP) notched fewer business account additions in Q2 than Wall Street expected, but the review website’s experiments with mobile app downloads and ads give Cowen and Co. “increased confidence in Yelp’s trajectory.” Cowen analyst Kevin Kopelman wrote in a research note on Monday that his biggest question following Yelp’s otherwise “strong” Q2 was what caused a slowdown in the growth of paying active local business accounts to 79,900, and “the

Yelp Stock Falls As Investors Fret Future Growth

Yelp (YELP) stock tumbled Thursday on worries about competition, though the online review site reported Q2 earnings that soared beyond Wall Street estimates. Yelp stock was down nearly 11% in early afternoon trading in the stock market today, near 67.50. Yelp stock has slid more than 30% from its record high of 98.04 on March 4. Net income for Q2 swung to 4-cents-per-share profit from a 1-cent loss in the year-earlier quarter, beating analyst