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  • Wide Options Skew Heightens Risks Of Trading Lockup Expiration [View article]
    Do share holders expect to make money on YELP? YELP's business model is suspicious at best. There are better stocks to invest in. Short the stock and be ready to close out your position.
    Aug 28 01:36 AM | 1 Like Like |Link to Comment
  • How To Make Money Shorting Over-Hyped Tech IPOs [View article]
    Whether it's expiration date, or just a lousy stock, dump your YELP while you can.
    Aug 21 12:29 PM | Likes Like |Link to Comment
  • Yelp (YELP -6.6%) is rolling out a major redesign of its site: changes include an emphasis on social networking features such as monitoring the activity of "friends," and mobile-centric features such as viewing check-ins and events. Yelp, which is built into Apple's Siri, recently mentioned its mobile site is accessed by 24% of its 78M monthly unique visitors, and features higher ad click-through rates than Yelp's PC site. Shares have fallen 14% this week due to news from Groupon and Google[View news story]
    YELP already monitors "friends" and deletes their reviews. The real problem is YELP's paid advertisers who receive 5-star reviews. This is especially onerous with restaurants who serve bad food but get
    5-star reviews.
    Aug 14 06:17 PM | Likes Like |Link to Comment
  • 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. [View news story]
    Essentially YELP has nothing to offer. Moreover, YELP's reviews favor businesses who buy ad space with YELP, and aren't to be trusted.
    Aug 14 01:52 PM | Likes Like |Link to Comment
  • Also falling (previous) on news of Google's (GOOG) purchase of Frommer's: YELP -6.7%. EXPE -1.9%. A Google spokesperson says the company "can’t wait to start working with [Frommer's] on our goal to provide a review for every relevant place in the world." [View news story]
    I'm sure Google's efforts will be appreciated. YELP is a total scam. My fiance wanted to eat at a Turkish restaurant Saturday night. It had a 5-star review on YELP. (They had bought a YELP ad.) The restaurant was small, had a few wooden tables and you eat cafeteria style. You chose your food and someone brings it to your table. The owner said he'd been in business only 3 weeks. They were slow because of Ramadan. Yet they had several 5-star reviews!! I ordered a lamb dish, and it was overcooked. The side dishes were OK, but my dessert was watery. All in all, a bad meal. But the owners were nice. Every time I have eaten in a YELP 5-star restaurant, food has been lousy. My point? YELP scams business owners. And I won't be going back.
    Aug 13 12:57 PM | Likes Like |Link to Comment
  • Another Blow-Off Top For [View article]
    Here's an update on YELP reviews. Yesterday I had dinner with a friend at a small Turkish restaurant, which has been open only 3 weeks. It had already received several 5-star reviews. It had a nice ad with photos etc. I knew the owner had been taken in by YELP salesmen.

    The food was mediocre, and overcooked. I would not go back. Even though the owner was pleasant, and attentive. YELP's phony reviews actually hurt the business because we all know "word of mouth" is the best advertising.
    Aug 12 06:16 PM | Likes Like |Link to Comment
  • Another Blow-Off Top For [View article]
    Anyone bothering to investigate YELP's business model wouldn't buy this dog. IBD's momentum investing hogwash probably suckered in some stupid buyers.
    Aug 10 02:00 AM | Likes Like |Link to Comment
  • Yelp's (YELP +16.9%) Q2 beat and guidance hike is yielding a mixed reaction in some circles, as praise for the company's numbers is tempered by concern over its valuation. Raymond James (Market Perform) points out Yelp is now trading at ~60x estimated 2013 EBITDA, and a giant share lock-up expiration is arriving at month's end. Citi, Goldman, and Oppenheimer are also reiterating neutral stances. (previous) (transcript)  [View news story]
    Many traders will get burned on this dog.
    Aug 2 06:24 PM | Likes Like |Link to Comment
  • Short Story: Yelp Inc. [View article]
    As I said, people who don't use computers may use the Yellow Pages. Especially for services, like lawyers, plumbers, electricians or ordering a pizza. They don't bother looking up YELP reviews, which are not useful. Moreover, businesses who advertise in the YP are usually established entities, not a salon who may be here today and gone tomorrow.
    Aug 2 12:28 PM | Likes Like |Link to Comment
  • Short Story: Yelp Inc. [View article]
    A good business has a good reputation. This is called "good will". It's actually worth something if you sell the business. You can check out a business by calling the Better Business Bureau. YELP provides no indication of how a business functions over the long run. It provides only reviews by happy or disgruntled customers based on a one time experience. YELP does not verify if the reviewer has actually used the service. YELP will publish any negative comment if you don't advertise with YELP. If you're a subscriber, YELP will "filter" negative comments out, and display positive reviews only.

    If you eat at a restaurant and develop food poisoning, I doubt a YELP sponsored "food poisoning" review would get published. Alternatively, if the owner of the business was too friendly to a woman, YELP would publish "The owner was a pervert ...". That's how YELP's filter works. People who dream of getting rich some day should invest in a company with good will, and good growth prospects. Avoid YELP.
    Aug 2 12:19 PM | Likes Like |Link to Comment
  • Short Story: Yelp Inc. [View article]
    I don't know how you quantify a huge market lead. Older folks don't use the computer as much as young people, so if you want to attract people with money who value a good service, you might want to advertise in the Yellow Pages. As far as YELP, when I see a slide show and good reviews on a business, I know they paid a lot for that display. Whether it reflects good food (for a restaurant) or not, well, you have to try the restaurant. In my experience the food and service has been poor. Reviews are highly subjective. If YELP expects to grow, they need to build integrity. That's where YELP comes up short. Good businesses grow by referrals and word of mouth.
    Jul 26 12:04 PM | Likes Like |Link to Comment
  • Short Story: Yelp Inc. [View article]
    YELP's move has been based on "pie in the sky" hopes not actual performance. Usually suckers buy in, and then get burned as the "smart money" dumps the stock. YELP's advertising is too expensive. People realize that a fancy ad page and a slide show is expensive, and not actually related to reviews. Moreover, reviews are phony and not to be trusted.
    Jul 9 08:06 PM | Likes Like |Link to Comment
  • Yelp Is Good - As Long As It's Free [View article]
    YELP reviews are not truthful. Better to check Better Business Bureau for complaints. YELP negative reviews are used to extort business owners.
    Jun 28 09:57 PM | 1 Like Like |Link to Comment
  • Why Yelp Is Not A Good Investment: 3 Reasons To Sell The Stock Now [View article]
    YELP extorts business owners, and that's a fact. The Federal Trade Commission has received complaints; the FTC is watching YELP, and as things get worse YELP will be investigated. Angie's List is much more respectable. YELP will publish any piece of garbage, including character assassination. Maybe someday "60 Minutes" will do a piece on this dog.
    Jun 25 04:00 PM | 2 Likes Like |Link to Comment
  • TripAdvisor (TRIP) launches Local Picks, a Facebook app aimed squarely at Yelp (YELP). Local Picks leverages millions of TripAdvisor reviews for 850K+ restaurants worldwide, and is integrated with Facebook's Open Graph social sharing platform, which has done wonders for the traffic of many content providers. However, Yelp's review library is currently much larger, and its network effect won't be easy to overcome.  [View news story]
    I don't trust the reviews on YELP. YELP forces business owners to buy ad space so that negative reviews get buried.
    Jun 20 08:37 PM | 1 Like Like |Link to Comment