![]() ![]() ![]() Perhaps understanding their dominance, Google's been folding all of their local reviews and recommendation features into their Maps product. Long story short: Because it requires satellites and licenses, making an interactive map from scratch is prohibitively expensive. Yelp doesn't stand a chance of competing with Google in the maps space. ![]() (If you read and empathized with our post yesterday, " A Beginnger's Guide to Quitting Google," you might want to consider reading no further.) Google Maps The GOOG's been buying up companies related to local reviews and recommendations for years, so we thought it would be helpful to see how they're doing in assembling their own Yelp-killer. On that note, we just can't stop wondering what Google must be thinking about its strategy to compete with Yelp after their acquisition offer was refused. This, for a company that's been bleeding money as it faces stiff competition from everyone from Foursquare to its would-be parent Google. Yelp - which managed to snag the very cool YELP ticker symbol at the New York Stock Exchange - ended up making $107.25 million, giving the company a valuation of nearly $900 million. At the time of this posting, the share price had sky-rocked over 70 percent from the price of its initial public offering, though it's settled down to around 60 percent up by midday. The founders of Yelp, the same company that rejected a $500 million acquisition offer from Google two years ago, must be feeling absolutely fantastic about their first day trading on the stock market. This article is from the archive of our partner. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |