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Yelp tumbles, Topeka worried about competition from Facebook

  • On a rough day for Internet momentum stocks, Yelp (YELP -7.6%) is the biggest decliner. A Topeka note raising concerns about Facebook's efforts to encroach on Yelp's turf could be playing a role.
  • Worries about competition from Facebook are nothing new for Yelp; shares fell hard earlier in January after Facebook showed off Graph Search, and more moderately the prior month after Facebook updated its Nearby feature to provide a list of local businesses a user might be interested in.
  • But Yelp's local reviews leadership, and the network effect stemming from it, have helped keep Facebook (and Google) from doing serious damage thus far.
Comments (4)
    , contributor
    Comments (94) | Send Message
    <<Yelp's local reviews leadership>> most reviews GIGO from nitwits.
    25 Nov 2013, 02:46 PM Reply Like
  • Fanebrb
    , contributor
    Comments (525) | Send Message
    what's a GeeGu? & who's the nitwits ?
    25 Nov 2013, 06:13 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (6073) | Send Message
    FB isn't a competitor... don't have enough people in my network outside a few cities to even matter.
    25 Nov 2013, 03:16 PM Reply Like
  • March1044
    , contributor
    Comments (14) | Send Message
    Worries that Yelp is shaking down businesses is going to continue to erode support. How many lawsuits are they fighting now?
    25 Nov 2013, 08:17 PM Reply Like
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