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Yelp tumbles, Topeka worried about competition from Facebook

– 15 hours ago @ Worries about competition from Facebook are nothing new for Yelp; shares fell hard earlier in January after Facebook showed off Graph Search, and more moderately the prior month after Facebook updated its Nearby feature to provide a list of local …

– 12 hours ago @ NEW YORK (TheStreet) — Yelp  led social media stocks’ declines on Monday, dropping 6.7% to $58.20 by late afternoon. Also experiencing losses were Facebook , which fell 3.2% to $44.73, while LinkedIn  shed 1.8% to $216.23, and Pandora  plunged 4.2% to $28. Influencing investors’ lack of appetite for Yelp was a report from Topeka Capital Markets, suggesting Facebook is cannibalizing Yelp’s user …


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