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Yelp’s Not Yet Concerned About Profitability––And Investors Don’t Mind

– 1 week ago @ fastcompany.com: A group of hard-working Yelp reviewers think they deserve minimum wage (at least!) for all the free labor they have put into judging local establishments, and have filed a class action lawsuit against the review site. Reading through their reviews …

– 1 week ago @ money.cnn.com: But Yelp faces some problems that LinkedIn does not have to worry about. Shares of Yelp tumbled 6% after the company reported a wider-than-expected loss. The company also said it plans to sell more stock, which often worries shareholders since new …

– 1 week ago @ marketwatch.com: SAN FRANCISCO (MarketWatch) — Yelp Inc. saw its shares fall as much as 8% Wednesday as investors appeared to be more concerned about the online review and recommendation company’s plans for a $250 million stock offering than its upbeat quarterly …

– 1 week ago @ businessinsider.com: The suit argues that since Yelp’s business model and success is dependent on its over 42 million user-submitted reviews, the company technically employs those users and should fork over some cash (wages, reimbursement of expenditures, and damages).

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Mystic Maggie

All of the Mystic Maggie Posts are RSS Reader Feeds from around the web. All copyright remains with the original publisher. No copyright is claimed or intended. Where supplied, links back to the original article are included.

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