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August 7, 2014

Yelp CEO reviews Yelp after 10 years

  • Many tech observers were incredulous when Yelp rebuffed a buyout offer from Google in 2009 for a reported $500 million. Yelp's market value now is about $5 billion.
    • By MICHAEL LIEDTKE
    AP Technology Writer

    SAN FRANCISCO — After Yelp posted the first quarterly profit in its history last week, the online business review site got panned on Wall Street. The company's stock plummeted 11 percent the day after the results came out, wiping out its gains for the year.

    CEO Jeremy Stoppelman didn't seem disturbed as he sat down to discuss Yelp's evolution in the 10 years since he began working on a way for people to share recommendations about local merchants with Russ Simmons, a fellow engineer he met while working at PayPal.


     
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