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Yelp (YELP -2.7%) sold off after Facebook (FB) announced a big revamp of its Nearby feature for...

Yelp (YELP -2.7%) sold off after Facebook (FB) announced a big revamp of its Nearby feature for its iOS and Android apps. The feature now provides a list of local businesses Facebook thinks a user might be interested in, along with user ratings and filtering/sharing options. TechCrunch's Josh Constine is impressed with Nearby's interface and the effectiveness of its business-ranking algorithm. But Yelp still has its unmatched reviews database as a selling point. (previous)
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