Deals
Yelp's Due for an Activist Review
A perpetually slumping stock makes it ripe for review.
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It's snowing on the East Coast, but over in San Francisco, Yelp is the one riding a sled downhill.
Because of a vendor error, Yelp released fourth-quarter earnings a few hours early on Wednesday. And while the results were slightly better than expected and the shares briefly pared losses, Yelp soon resumed its slide. At $16 and change, the stock is no where near the $40-plus it fetched as recently as June, around the time it was fielding takeover offers with help from Goldman Sachs.