|Bid||21.85 x 800|
|Ask||21.73 x 900|
|Day's Range||21.21 - 21.92|
|52 Week Range||12.89 - 39.37|
|Beta (5Y Monthly)||1.52|
|PE Ratio (TTM)||70.13|
|Earnings Date||Aug. 06, 2020 - Aug. 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.89|
While President Trump's executive order Thursday on "preventing online censorship" is widely viewed as targeted toward social media platforms like Twitter, Facebook, Instagram and YouTube, all of which which were cited in the order, it could also pose an unintended threat to online travel and user review sites that are difficult to sue because of […]
Shareholder rights law firm Robbins LLP reminds investors that it is investigating the officers and directors of Yelp Inc. (NYSE: YELP) for breaches of fiduciary duties, unjust enrichment, and violations of the Securities Exchange Act of 1934. Yelp operates a platform that connects consumers with local businesses.
(Bloomberg Opinion) -- Each stage of the pandemic revives the question of what is coming next, usually in a more disturbing context. The next major event, I am sorry to say, is the disappearance of what I call ghost capital. According to one estimate, about half of small businesses will be out of cash within a month, and many of them will close. The American economy has been living off the inheritance of its pre-Covid-19 past, and that cannot go on forever.Consider your local restaurants. I live in Northern Virginia, which is scattered with thousands of dining establishments of many different kinds. Many of them are currently open for takeout and delivery but not for sit-down dining. Even when they are allowed to welcome customers back inside, social distancing will mean they can’t serve nearly as many patrons as before.That’s the supply side. Demand for in-restaurant dining is likely to fall as well, though estimates vary. Since the average small business carries less than a month’s worth of liquid reserves, and the wait for a vaccine is likely to be at least a year, many restaurants will simply be unable to survive the shrinking of the market.I call these places ghost restaurants because they are still walking around, so to speak, visible to us and listed on Yelp, but not really alive and without much of a future.In a few months’ time, a significant number of these ghost enterprises will be gone. My drive around Northern Virginia, rather than being rich with culinary choice, will soon become fairly desolate — and the overall economic landscape will indeed be much emptier.What else in our current capital structure might qualify as “ghost”?We are still watching TV shows made before the pandemic, but the supply of new material is starting to run thin. South Korea and a few other nations are producing fresh content, but a lot of U.S. television programming is already looking to adapt to the new scarcity of programming content.My local dry cleaner is still in business, taking advantage of its previous market position. But even once the lockdown is fully lifted, fewer people will be going into work or to formal events. Demand to have suits pressed is way down, and soon enough that will translate into a far fewer dry cleaning shops.Many shopping malls — and peripheral businesses that rely on mall traffic — also will turn out to be ghost businesses.If you own a small business, you might be wondering whether you should stick around in a declining sector. But what exactly can you do? You’ve already signed a lease, you have a lot of money invested in equipment, and it is hardly possible to start up a new business in the meantime. So you wait, in the process contributing to an image of diverse commercial activity that does not quite correspond to the long-term picture.Another less visible effect is that fewer replacement firms and small businesses are on the way. Covid-19 aside, small businesses have a natural life cycle, with many of them disappearing once the owner retires. Such retirements are more likely now (not just because business is bad, but because being out on the floor involves a health risk). But how will new businesses arise to take their place? It is harder to meet new business partners, harder to line up financing, harder to identify qualified assistants and staff — and consumer spending is down, too.And while an all-but-certain death awaits some businesses, others can look forward to mere stagnation. If you are a 23-year-old entrepreneur, how easy will it be to build up the network of “soft ties” that will help you launch the next phase of your career?As many marginal businesses are going under, it is quite possible that the public-health situation will improve. Civic spaces will repopulate as commercial ones depopulate, giving urban landscapes a confusing feel. And because there will be fewer businesses to choose from, it will be all the harder for those remaining to enforce social distancing.Many Americans have been clamoring lately for more freedom, and those desires are understandable. But as they emerge from lockdown, they might well be disappointed to discover that, above all else, what people will be exercising is the freedom to go out of business.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tyler Cowen is a Bloomberg Opinion columnist. He is a professor of economics at George Mason University and writes for the blog Marginal Revolution. His books include "Big Business: A Love Letter to an American Anti-Hero."For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
SAN DIEGO, CA / ACCESSWIRE / May 11, 2020 / The Shareholders Foundation, Inc. announces that a that a lawsuit is pending for certain investors in Yelp Inc (NYSE:YELP) shares. Investors, who purchased shares ...
Image source: The Motley Fool. Yelp Inc (NYSE: YELP)Q1 2020 Earnings CallMay 7, 2020, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, and welcome to the Yelp First Quarter 2020 Earnings Conference Call.
Yahoo Finance's Heidi Chung breaks down why some investors are still optimistic on Yelp, despite a widening loss in its first quarter earnings report.
Yelp (YELP) delivered earnings and revenue surprises of -144.44% and 5.80%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today posted its financial results for the first quarter ended March 31, 2020 in the Q1 2020 Shareholder Letter available on its Investor Relations website at www.yelp-ir.com.
As businesses struggle to reinvent themselves in the midst of the COVID-19 pandemic, Yelp is launching new features to help highlight these changes. For one thing, it's adding a new information category called virtual service offerings, which will allow businesses to showcase the fact that they're providing things like virtual consultations, classes, tours and performances. Then anyone browsing Yelp can search for those categories.
Yelp (YELP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shareholder rights law firm Robbins LLP announces that it is investigating the officers and directors of Yelp Inc. (NYSE: YELP) for breaches of fiduciary duties, unjust enrichment, and violations of the Securities Exchange Act of 1934. Yelp operates a platform that connects consumers with local businesses.
Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today released first quarter data for the Yelp Economic Average (YEA) report, a benchmark of local economic strength in the U.S. Given the unprecedented changes brought by the coronavirus (COVID-19), the report has been adapted to reveal the dramatic shifts we’re currently seeing in local economies through a variety of indicators since the start of 2020. YEA found that business closure rates rose by 200% or more in metros and states across the U.S and consumer interest in local businesses fell, by 50% or more in many categories, in a span of two weeks. The report also observed that some businesses saw a surge in interest, including fitness and exercise equipment (up 437% in seasonally adjusted share of relevant page views, reviews, and photos since March 10), community-supported agriculture (up 407%), and guns and ammo (up 191%).
Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended March 31, 2020 after the market closes on Thursday, May 7, 2020.
Coronavirus-led lockdown hits the travel industry hard, in turn hurting Sabre's (SABR) global travel bookings, financial condition and operating results in Q1.
Yelp (YELP) to lay off and furlough more than 2,000 employees in an effort to save cost and stay afloat amid the coronavirus pandemic.
Yelp co-founder and CEO Jeremy Stoppelman announced in an internal email that the company is going through difficult times. Yelp has to cut expenses, which means a large round of layoffs and some additional measures -- 1,000 employees have been laid off. According to an SEC filing, Yelp had 5,950 employees as of December 31, 2019.
Yelp's chief data scientist says that the coronavirus is reshaping 'every corner' of the U.S. economy. Dine-in restaurants and the massage industry are being hit very hard, while takeout-focused restaurants are 300x more popular than usual.
A fundraising program that Yelp and GoFundMe put in place this week to help local businesses impacted by the Covid-19 pandemic has been paused after public outcry over how it was rolled out -- specifically, controversy over how the two provided no easy and quick way to opt out of the fundraising. Yelp's initial announcement was a little vague about how "participating" businesses would be signed up, and TechCrunch mistakenly wrote about it as if business owners would have to opt-in participate. Turns out that the fundraising campaigns appeared automatically with company profiles on Yelp.
Following the announcement that it's committing $25 million in waived fees and free services to support local businesses affected by the COVID-19 pandemic, Yelp announced a new effort this morning: a partnership with GoFundMe that will bring Donate buttons to businesses' Yelp profiles. Yelp says that its data shows that U.S. consumer interest in restaurants has fallen 67% since March 10, while businesses like yoga studios and breweries have seen large decreases of 78% and 85%, respectively. There have been some ad hoc efforts around buying gift cards as a way to support local businesses, but GoFundMe campaigns offer a more direct and straightforward tool for — as Yelp puts it — "loyal customers [who] want to help them weather this unprecedented crisis and are looking for ways to make an immediate impact."