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Almost half of Americans don't have $400 to cover an unexpected emergency. For many of them it's because they simply don't make enough money to save a lot. Yel
by CydeWeys 7y ago
Almost half of Americans don't have $400 to cover an unexpected emergency. For many of them it's because they simply don't make enough money to save a lot.
Yelp is in a similar situation; they're simply not profitable enough to have been able to sock away 6+ months of expenses to be able to weather a black swan pandemic event. The FANGs are profitable enough and they do have that much money saved up, but Yelp isn't and doesn't. Their business model was already a little creaky before this started and all their customers shuttered.