This article is about the Internet company. For other uses, see Yelp (disambiguation).
Yelp Inc.
Screenshot
Yelp.com homepage
Type of business
Public
Traded as
NYSE: YELP
S&P 600 component
Founded
October 2004; 19 years ago (2004-10)
Headquarters
350 Mission Street,
San Francisco, California
,
U.S.
Owner
Jeremy Stoppelman (6.3%)
Founder(s)
Jeremy Stoppelman
Russel Simmons
Key people
Jeremy Stoppelman (CEO)
Jed Nachman (COO)
David Schwarzbach (CFO)
Industry
Local search, business ratings and reviews, online food delivery, local homeowner services
Products
Online advertising
Revenue
US$1.34 billion (2023)
Operating income
US$79 million (2023)
Net income
US$99 million (2023)
Total assets
US$1.01 billion (2023)
Total equity
US$750 million (2023)
Employees
4,872 (2023)
URL
yelp.com
Native client(s) on
iOS, Android, Windows
References:[1][2]
Yelp Inc. is an American company that develops the Yelp.com website and the Yelp mobile app, which publishes crowd-sourced reviews about businesses. It also operates Yelp Guest Manager, a table reservation service. It is headquartered in San Francisco, California.
Yelp was founded in 2004 by former PayPal employees Russel Simmons and Jeremy Stoppelman. It has since become one of the leading sources of user-generated reviews and ratings for businesses.
Yelp grew in usage and raised several rounds of funding in the following years. By 2010, it had $30 million in revenue, and the website had published about 4.5 million crowd-sourced reviews. From 2009 to 2012, Yelp expanded throughout Europe and Asia. In 2009, it entered unsuccessful negotiations to be acquired by Google. Yelp became a public company via an initial public offering in March 2012 and became profitable for the first time two years later.[3][4]
As of December 31, 2021, approximately 244.4 million reviews were available on its business listing pages. In 2021, the company had 46 million unique visitors to its desktop webpages and 56.7 million unique visitors to its mobile sites. Over 50% of the company's audience has an annual household income of more than $100,000.[5]
The company has been accused of using unfair practices to raise revenue from the businesses that are reviewed on its site – e.g., by presenting more negative review information for companies that do not purchase its advertising services or by prominently featuring advertisements of the competitors of such non-paying companies or conversely by excluding negative reviews from companies' overall rating on the basis that the reviews "are not currently recommended".[6] There have also been complaints of aggressive and misleading tactics by some of its advertising sales representatives. The company's review system's reliability has also been affected by the submission of fake reviews by external users, such as false positive reviews submitted by a company to promote its own business or false negative reviews submitted about competing businesses – a practice sometimes known as "astroturfing", which the company has tried to combat in various ways.
^"Yelp, Inc. 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 27, 2024.
^"Yelp, Inc. SCHEDULE 14A INFORMATION". U.S. Securities and Exchange Commission. April 22, 2022. Archived from the original on June 25, 2022. Retrieved June 25, 2022.
^"Yelp, Form 424B4, Filing Date Mar 2, 2012". secdatabase.com. Archived from the original on May 2, 2018. Retrieved May 1, 2018.
^"Yelp, Form 8-K, Current Report, Filing Date Jul 30, 2014". secdatabase.com. Archived from the original on May 2, 2018. Retrieved May 1, 2018.
^"Yelp, Inc. SCHEDULE 14A INFORMATION". U.S. Securities and Exchange Commission.[permanent dead link]
^"Yelp Rating System". Yelp. Archived from the original on September 7, 2014. Retrieved February 14, 2020.
Yelp Inc. is an American company that develops the Yelp.com website and the Yelp mobile app, which publishes crowd-sourced reviews about businesses. It...
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default way to access them. These include public APIs of Facebook, GitHub, Yelp, Shopify and Google Directions API. GraphQL supports reading, writing (mutating)...
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browser, Yelp, but has since been replaced by Rarian. It was also used by the KDE help browser and ScrollServer documentation server. "Apps/Yelp - GNOME...
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