![]() ![]() ![]() But last month, Yelp was said to have taken down the For Sale sign after a change of heart from Stoppelman (though any company is always for sale it's just a matter of whether the buyer has enough cash to sway investors). The Wall Street Journal reported in May that the company had been trying to sell itself and had hired investment bankers to line up potential buyers. Recently it appeared Yelp was ready for someone else to take the reins. Other than the tanking stock, "There's a lot more to be worried about," he wrote, regarding Levchin. (Not to mention Yelp, as Stoppelman is also a part of the so-called "Paypal Mafia.") ![]() The early employees of that company have gone on to leave their fingerprints on some of the most influential tech companies in the world, including Facebook, LinkedIn and Tesla. Yelp has been particularly resilient through the pandemic and past recessions, in part, because of our horizontal platform.Jackson's concern mostly has to do with the departure of Levchin, who has serious street cred in Silicon Valley as a co-founder of PayPal. We saw that during the height of the pandemic when consumers spent more time at home, they tended to spend more on home services. One thing that’s always been true about Yelp is that our platform is broad-based so when consumer spending shifts, say from restaurants to something else, that other category is often captured somewhere else on Yelp. But it’s hard to predict whether the virus will truly fade into the background, much like other viruses or if it will have some new twists and turns that we didn’t expect. But we have been in kind of recovery mode for some time now, and certainly people are trying to get on with their lives and move past the virus. People are going to go to stores and restaurants less. If there’s a terrible variant, people get scared and huddle inside. Q: And how are you anticipating the surge in COVID cases to impact your business if Americans become more hesitant about going out to eat? How are you expecting the site to be impacted?Ī: For restaurant and retail, we have seen continued recovery for Q1. But I do think more companies will embrace remote. Granted, it wasn’t until recently that video conferencing really provided a serious competitor to the traditional office. And that seems very inefficient and outdated. The drive on average for Americans is over half an hour each way, unpaid. Since industrialization, we’ve had one way of working: going into an office. It’s a better operating system for modern businesses. ![]() I’ve tweeted - perhaps controversially about this - but I believe that remote work is fundamentally a better way of working. That’s been our great adaptation and one that will extend far beyond pandemic. There’s more time for family and hobbies. Our employees are feeling really good about it. Surprisingly, perhaps, it’s been really successful for us. So we decided in 2020 that Yelp would be remote-first. How are you anticipating that’s going to affect the business?Ī: Our big move was to go remote. Q: The administration has said there could be about 100 million COVID-19 cases later this year. And he’s made a suggestion it will happen early summer, so we look forward to that. So we really think it’s time to bring it to the floor. When we look at it through our analysis, we think Senate Majority Leader Schumer has the votes to get it passed. And I think that’s very destructive to competition. One of the most egregious behaviors of Big Tech is when they have a competing property or product of their own, they interject and steer consumers away. Amy Klobuchar that we support, which is anti self-preferencing. And I think the general tone in Washington is a sea change from the past. What do you think are the prospects of getting something done in Congress this year?Ī: There’s a number of bills in Congress right now. Q: You’ve been an advocate of antitrust reform. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |