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Yelp: Not For Sale, But Don't Panic

  • Yelp decides to take itself off the sales block sending the stock down 10%.
  • The consumer review site is no longer expensive after a major collapse in the stock this year.
  • Yelp is still failing to significantly improve user growth based on mobile app downloads, suggesting the stock will struggle in the short term.
In not such a surprising move, Yelp (NYSE:YELP) failed to find a buyer willing to pay up for the consumer review site. Though no details exist on any offers or whether any existed at all, the likelihood all along was that Yelp would fail to find a buyer willing to pay for the potential of the site.

Read the full article on Seeking Alpha.

Disclosure: Long YELP. Please review disclaimer page for more details.


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