Yelp in ‘Death Spiral’ after earnings report, Chairman steps down

Death Spiral

On March 4, 2014, Yelp shares closed at $98.04 a share.

On Wednesday, the stock was trading at $24.

This 75% collapse has come quickly and furiously.

Just over a year ago, Goldman said its clients were asking when the “party was going to end” as shares of companies like Yelp and Facebook exploded higher during the first half of 2014.

For Facebook, the party hasn’t stopped. For Yelp, the party is definitely over.

In an email on Wednesday, Eric Jackson, a prominent tech investor, said that Yelp looks like it’s currently in a “death spiral” and that it’s hard to see how the company can pull itself out from here.

On Tuesday night, Yelp reported earnings that were a disappointment, but what really seems to be spooking investors, at least in Jackson’s view, is the resignation of Yelp chairman Max Levchin from the company’s board.


Read more:

Yelp crashes after earnings, chairman steps down – Business Insider.


About Sin City Examiner

Rocktographer(Live Music Photographer), Motorsports & Beach Sports Photographer, based in Las Vegas & the Beach Cities in California; Website Developer, Food & Drink Photographer, Enthusiast and Critic with No-Sugar-Coating Reviews, Sports Handicapper, etc. No longer on Facebook, due to being discriminated against for using Fake Names, unlike the 'Drag Queens' of the GLBT Community that are allowed to do so. I urge everyone that reads this to leave Facebook for easier use at ( ) & ( )

Posted on July 29, 2015, in Uncategorized and tagged , , , , , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: