YELP

Discussion in 'Stocks' started by dealmaker, Oct 19, 2017.

  1. dealmaker

    dealmaker

  2. dealmaker

    dealmaker

  3. dealmaker

    dealmaker

  4. dealmaker

    dealmaker

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  5. dealmaker

    dealmaker

    Someone Is About To Get Torched On Yelp (DealBreaker)
    If you’re wondering what’s behind the particularly blistering review of investment bank Evercore by Yelp user “SQNhedge,” be advised: Yelp, the review site for restaurants and local businesses, has hired Evercore to help defend the company against an activist investor, who recently called for a board shake-up and potential sale, according to people familiar with the matter. Hedge fund manager SQN, which owns 4 percent of Yelp shares, released a presentation on Jan. 16, about the company’s “significant under performance,” and said that based on its own research “an immediate sale to a private equity firm could yield a $47 to $50 stock price.” The shares are currently trading at $37.59.
     
  6. dealmaker

    dealmaker

    Yelp swaps restaurant phone numbers with Grubhub’s to boost referral revenue
    According to a Vice report, Yelp is “screwing over” restaurants by secretly removing their direct phone numbers under the “Delivery or Takeout” tab and replacing them with Grubhub’s referral line to justify charging a marketing fee.

    According to the report, Yelp started prompting customers to call Grubhub phone numbers in October 2018 after the 2 companies announced a “long-term partnership.”

    But restaurant owners claim they were never notified of the switch.

    What does it all mean?
    Grubhub offers a “marketing” service to restaurants, which includes being listed on the Grubhub platform, for between 15% and 20% of each order total -- they call it a “referral fee.”

    Basically, it’s free money. Also, the perfect swindle: If a customer is transferred to Grubhub (albeit unknowingly), why not opt to order through the company’s physical delivery service?

    But, delivery through Grubhub bills yet another 10% fee to the restaurant.

    “It’s not fair because this is our customer who called directly into our restaurant,” says Mohammad Zaman, an owner of a Brooklyn kabab and grill house. “It’s a trick.”

    Is it time to finally call a spade a spade?
    Earlier this year, Yelp avoided a Blackfish-esque takedown after snatching up the domain for the website Billion Dollar Bully, a crowd-funded documentary of the same name that takes aim at how the company extorts small business owners for advertising fees.

    And Grubhub isn’t a stranger to the shade either: In June, The Verge reported that Grubhub bought as many as 23k domain names that resemble some of the restaurants on their platform in order to upcharge customers with commission fees.

    [​IMG] @ Me Anything
    [​IMG] Wes Schlagenhauf, News Writer at The Hustle
    @wesschlagenhauf

    My review of the Yelp/GrubHub partnership thus far: “That’s one eh-shady meat-uh-ball-uh.”
    Show this thread
    Talk about the perfect fusion
     
  7. expiated

    expiated

    So ends the saga. I've walked by this place many times, but I never ate there.
    ScreenHunter_6146 Aug. 07 09.09.jpg
     
    dealmaker likes this.