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Yelp tips its hand that it plans to go public by filing a S-1 with the SEC. The company reports...

Yelp tips its hand that it plans to go public by filing a S-1 with the SEC. The company reports a Q3 loss of $3.8M on revenue of $22M (+75% Y/Y), while traffic on the site averaged 61M unique monthly visitors for the period.
Comments (5)
  • Stone Fox Capital
    , contributor
    Comments (6738) | Send Message
     
    Mightest well. Market appears to favor unprofitable companies. Reminds me of the original tech bubble just with fewer companies involved and little impact on the major averages.

     

    Can buy all the 5-10 PE stocks with good growth potential that you want, but for some reasons investors want to bid up these money losers.
    17 Nov 2011, 05:58 PM Reply Like
  • Alex Sebastian
    , contributor
    Comments (152) | Send Message
     
    The difference between tech bubble 2.0 and tech bubble 1.0 is the companies listing in the former are actual business that will one day generate some cash. Unfortunately people are being conned into paying way too much for them.

     

    http://bit.ly/qeopQ3
    17 Nov 2011, 05:59 PM Reply Like
  • abdul raab
    , contributor
    Comments (72) | Send Message
     
    Only a matter of time before Craiglist does an IPO too... just kidding
    17 Nov 2011, 09:02 PM Reply Like
  • Kenjisan
    , contributor
    Comments (49) | Send Message
     
    They are estimated to be making $150/m year by analysts. I don't think there's a reason for the owners to go IPO for the same reason Facebook isn't yet but if they want to, it shouldn't be a big surprise.
    17 Nov 2011, 11:21 PM Reply Like
  • ShortPaulson
    , contributor
    Comments (8) | Send Message
     
    Haha revenue of USD22mm is ridiculous. There is no excuse for that. What's next: Mom and pop stores going public?
    17 Nov 2011, 09:42 PM Reply Like
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