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Yelp is very much tied to the Restaurant industry. It may be an outlier with respect to this pandemic. Of all the tech dominos to fall, Yelp and Groupon (tradin
by runawaybottle 7y ago
Yelp is very much tied to the Restaurant industry. It may be an outlier with respect to this pandemic. Of all the tech dominos to fall, Yelp and Groupon (trading around 50 cents today) sound like the first to be hit.
- throwqwerty 7y agoi'm sure FB isn't going to fail but i am wondering if it logistically won't be possible. i mean menlo park is under shelter-in-place and if you asked me a couple of weeks ago i would not have imagined an intern class could be productive on WFH.
- runawaybottle 7y agoStay positive, Menlo Park in general isn’t the most social happening place on earth (the irony of the largest social network being headquartered there). Any spread there would happen at the actual Facebook offices. It’s not a hotbed and should be fine by summer.
- dilyevsky 7y agoShelter in place is until april 7. They can maybe extend it a little longer but not by much because otherwise half of people end up being exempt due to homelessness
- bobthepanda 7y agoGiven the immense pressure on the cashflows of small business and real estate, I'd say WeWork might also be subsceptible.
- runawaybottle 7y agoI’ll also add that Yelp in particular uses their interns to staff their cold-calling marketing/sales team to sell premium services to restaurants. This program seems like a loss for the most of this year.
- nkingsy 7y agothe tender offer from SoftBank is officially off the table as of yesterday. Awkward now it seems Neumann will continue to own a huge chunk of the company from the sidelines.