“Yelp needs help” was the joke of finance Twitter Tuesday, as the company’s stock plummeted down by more than 28 percent in after-hours trading.
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$YELP bloodbath..pic.twitter.com/38x21KIjj0
— twobacons (@twobacons) May 9, 2017
That’s an extreme dip and a bad look for a company that has been desperately attempting to climb back to its heights of 2014. Yelp’s stock was ripped to shreds after the company reported sales under analysts’ forecasts and also slashed its own revenue estimates for the year.
In other words, we didn’t do as well as people had expected, and the future isn’t looking great either. Read more…
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