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Yelp Craters as Much as 32% as Advertisers Abandon the Site

posted by martyb on Saturday November 10 2018, @04:23AM   Printer-friendly
from the "Yelp"-definition:-n.-A-cry-of-pain dept.

Phoenix666 writes:

CNBC:

Yelp cratered as much as 32 percent Friday, a day after releasing third-quarter earnings that revealed advertisers are abandoning the site and denting revenue.

Shares fell as low as $29.33, a new 52-week low, before paring some losses to close nearly 27 percent down at $31.92. The plunge makes for the stock's worst day of trading since going public in 2012.

Yelp added zero net new advertising customers during the quarter. Yelp earlier this year switched from long-term advertising contracts in local markets to more flexible, nonterm contracts. That change resulted in significant contract cancellations.

The change in contract terms was cited as the reason for the decline.

Original Submission

 
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  • (Score: 2) by takyon on Saturday November 10 2018, @10:53AM (4 children)

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Saturday November 10 2018, @10:53AM (#760296) Journal

    * Pay small amount of cryptocurrency to review any business, school, hospital, address, product, web page, etc. So you could review an Amazon or Walmart product without a user account, or a university faculty member by going to their web site.
    * Decentralized storage of reviews
    * Other users can tip reviewers with cryptocurrency to show they like the review
    * Browser extension to notify you of reviews for any web page you land on.
    * Monetize the browser extension with promoted reviews, adware, whatever.

    $1 billion in venture capital, plz.

    --
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    Starting Score:    1  point
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  • (Score: 1, Funny) by Anonymous Coward on Saturday November 10 2018, @11:41AM

    by Anonymous Coward on Saturday November 10 2018, @11:41AM (#760306)

    $1 billion in venture capital, plz

    Are pennies okay? Sorry, they're not rolled. Just let me know if it's not enough.

  • (Score: 0) by Anonymous Coward on Saturday November 10 2018, @05:50PM (1 child)

    by Anonymous Coward on Saturday November 10 2018, @05:50PM (#760416)

    $1 billion in venture capital, plz.

    Here you go, take this Unobtainium Coin. If you hold on to it long enough it will be so valuable that it may, just may, be worth $1 billion one day.

    • (Score: 0) by Anonymous Coward on Saturday November 10 2018, @08:54PM

      by Anonymous Coward on Saturday November 10 2018, @08:54PM (#760488)

      At $20 mil a kilo you will be waiting a long time to get $1 bil out of a single coin.

  • (Score: 2) by Bot on Monday November 12 2018, @12:24PM

    by Bot (3902) on Monday November 12 2018, @12:24PM (#760880) Journal

    Sounds a bit like steemit [steemit.com].

    --
    Account abandoned.