Why Did Yelp Fail?

Question

Yelp was once _the_ source for reviews and sometimes photos (for restaurants).Then something happened, and then it seemed to just fall away.? Was it Google Maps (with reviews)?? Was it disputes about reviews, or questions of financial influences or censorship of reviews?It's been long enought that perhaps some insiders can share details without risk...

billconan · Accepted Answer

I used to use it often before the covid. Then after the covid, the restaurants hiked the price by a lot. I went out to eat a few times, and each time, the bill made me want to cook for myself.

mikequinlan · Answer

[delayed]

rabidonrails · Answer

I agree with your sentiment that Yelp seems to have fallen out of favor with many, myself included but, I'm not sure I'd define the company as having failed.YELP currently has a market cap >3B and trades at a p/e of 74.54 which is a definitely a "growth level" multiple.

leet_thow · Answer

It's valued at 3bn in the public markets. You make it sound like they just announced bankruptcy.