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Yelp’s stock has taken a beating over the last 3 years. While the S&P 500 reached record highs this year, Yelp continues to lose value. Over the last 36 months (NYSE:YELP) has dropped 45% and company insiders continue to sell their holdings. Some have compared Yelp to AOL.com, MySpace, Yahoo…CEO Jeremy Stoppelman admits the company has customer retention issues, and they’ve seen a decrease in revenue collected from restaurants (their largest revenue generator) for 6 straight quarters. Attempts to expand abroad were abandoned due to lack of interest, and studies show consumers are utilizing the platform less and less. Is this the end of Yelp? Will it be seen as the Blockbuster video of online reviews in the near future? submitted by /u/CompletelyMoronic |
