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.
(Score: 4, Insightful) by RandomFactor on Saturday November 10 2018, @11:11AM
This sounds right, but i'm a touch cynical.
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I never intentionally go to Yelp.
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I always kind of ranked it up there with all the other sites that just live by intercepting search results and attempt to push down the actual things you are searching for in results.
В «Правде» нет известий, в «Известиях» нет правды