Post by TheGreatGadabout on Apr 7, 2014 16:53:48 GMT
Yelp, Inc. is a multinational corporation headquartered in San Francisco, California, that operates an "online urban guide" and business review site. Yelp was founded by Jeremy Stoppelman and Russel Simmons in 2004. The company's Yelp website began as an email service for exchanging local business recommendations, and later introduced social networking features, discounts, and mobile applications. Yelp has extended its services to Canada, Britain, Australia, New Zealand, and parts of Europe.
Google Inc. offered to buy the company in 2009, but Yelp's management team and board of directors failed to reach an agreement on the terms of the sale. Yelp Inc. received $130 million in venture finance as a privately held company, and began public trading of its stock on the New York Stock Exchange in 2012. The firm acquired Qype, its largest European rival, in 2012, and online reservation company SeatMe, in 2013.
The company's rating system and tools for filtering reviews have been the subject of both controversy and litigation. A Harvard business administration professor co-wrote a study in November 2013 that said that fake reviews on the site rose to roughly 20% in 2013.
Check out Yelp www.Yelp.com
Google Inc. offered to buy the company in 2009, but Yelp's management team and board of directors failed to reach an agreement on the terms of the sale. Yelp Inc. received $130 million in venture finance as a privately held company, and began public trading of its stock on the New York Stock Exchange in 2012. The firm acquired Qype, its largest European rival, in 2012, and online reservation company SeatMe, in 2013.
The company's rating system and tools for filtering reviews have been the subject of both controversy and litigation. A Harvard business administration professor co-wrote a study in November 2013 that said that fake reviews on the site rose to roughly 20% in 2013.
Check out Yelp www.Yelp.com
