Yelp Gains ‘Confidence,’ But Business Accounts Lag

By | August 18, 2014

Scalper1 News

Yelp (YELP) notched fewer business account additions in Q2 than Wall Street expected, but the review website’s experiments with mobile app downloads and ads give Cowen and Co. “increased confidence in Yelp’s trajectory.” Cowen analyst Kevin Kopelman wrote in a research note on Monday that his biggest question following Yelp’s otherwise “strong” Q2 was what caused a slowdown in the growth of paying active local business accounts to 79,900, and “the Scalper1 News

Scalper1 News