Yelp Stock Drops On Fears About New Facebook Feature

By | December 15, 2015

Scalper1 News

Yelp (YELP) stock dropped by more than 9% Tuesday after word spread that Facebook (FB) is quietly testing a new Web page where users can locate local business services, posing a threat to Yelp’s similar concept and Angie’s List (ANGI). Facebook has not announced the new feature, but there is a Web link where users can “find local businesses with the best Facebook reviews and ratings.” Featured listings on the searchable directory of professional Scalper1 News

Scalper1 News