Yelp just opened $22 and its moving higher.
It was priced at $15.
The valuation is now 20X revenue.
That is very high, says BII analyst Alex Cocotas.
Alex is skeptical about the company, which he says has no clear path to profitability.
Showing posts with label Yelp. Show all posts
Showing posts with label Yelp. Show all posts
Friday, March 2, 2012
Monday, February 20, 2012
An Urgent Letter To Small Businesses Who Don't Understand The Importance Of Yelp
As a frequent user of Yelp and Seamless and other social web apps, I feel compelled to send a message to business owners with a bad rating or no rating at all.
Perhaps you've never heard of Yelp or perhaps you think it doesn't matter. Word of mouth and newspaper reviews were enough to bring in customers for the past thousand years. Why change?
Thursday, November 17, 2011
Yelp Files For IPO To Raise $100 Million
Local recommendation site Yelp has finally filed an S-1 to IPO, wanting to raise $100 million. While there is no price per share or valuation designated on the form, reports have held the desired valuation at between $1 billion to $2 billion.
The site generated $58.4 million net revenue in the first nine months of 2011, 80% growth over the same period in 2010. It operated at a net loss however, of $7.6 million. Revenues have grown pretty fast, from $12.1 million in 2008 to $47.7 million in 2010 but as you’ll probably get sick of hearing over the next couple of weeks, it is still not profitable.
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