Seeking Alpha

Google's (GOOG) purchase of Frommer's reflects the search giant's recent tendency to...

Google's (GOOG) purchase of Frommer's reflects the search giant's recent tendency to acquire and develop the mobile/local solutions it needs, rather than rely on third parties, notes Larry Dignan. Whereas Apple (AAPL) has partnerships with Yelp, Facebook, and others, Google has proprietary offerings such as Zagat, Frommer's, Google+, and Google Wallet. Ryan Kim sees the acquisition as evidence local and travel content are converging - something that may work to the detriment of YELP and TRIP.
From other sites
Comments (3)
  • corte33
    , contributor
    Comments (78) | Send Message
     
    Essentially YELP has nothing to offer. Moreover, YELP's reviews favor businesses who buy ad space with YELP, and aren't to be trusted.
    14 Aug 2012, 01:52 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Not sure I see the growth (or value) proposition in this...GOOG has many darts to throw; we'll see how the aim works out.
    14 Aug 2012, 05:30 PM Reply Like
  • marilyn61
    , contributor
    Comments (173) | Send Message
     
    It would seem that Google is increasingly threatening a range of companies, like Yelp Inc and TripAdvisor plus many others that are all there on-line to give people a choice. I see yesterday that shares of Yelp fell by 7.7% to $23.87 on Monday after the deal was announced. Also Expedia Inc's stock has been affected by 1.1 % down to $53.83.
    15 Aug 2012, 02:59 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs