Jeremy Stoppelman (born November 10, 1977) is an American business executive. He could be the CEO of Yelp, which he co-founded in 2004. Jeremy Stoppelman obtained a bachelor’s degree in computer engineering from the University of Illinois at Urbana-Champaign in 1999. After a short period of time employed by @Home Network, he worked at X.com and later on became the VP of Engineering following the company was renamed PayPal. Jeremy Stoppelman left PayPal to attend Harvard Business School. Within a summer internship at MRL Ventures, he and others developed the idea for Yelp Inc. He turned down an acquisition offer by Google and took the company public next year.During the summer time of 2004, Jeremy Stoppelman got the flu[18] coupled with difficulty finding ideas for a local doctor. He and former PayPal colleague, Russel Simmons, who was also working at MRL Ventures,[10] began brainstorming regarding how to create a web-based community where users could share ideas for local services.[6][17] Stoppelman and Simmons pitched the idea to Levchin who provided $1 million in initial funding.[17][19][20] Under Stoppelman’s leadership, Yelp grew to a market capitalization of $4 billion and hosted 138 million user reviews.[6][17]
Jobs called Stoppelman in January 2010 in order to persuade him to make down an acquisition offer by Google[4][11][21] plus March 2012[22] jeremy stoppelman rang the bell for the Lse after Yelp went public.[4] In accordance with Stoppelman, the greatest challenge at Yelp may be “the same problem Google faces in their rankings.” Companies have been suing reviewers that leave negative reviews and raising allegations that Yelp tampers with reviews to favor companies that advertise, resulting in legal troubles for the company.[4][11] In February Jeremy Stoppelman, ceo of Yelp stock crashes 40% after earnings
That, in summary, covers investors’ sentiments on Yelp (YELP) at this time. The business’s stock fell around 40% in after hours trading Tuesday following the company posted disappointing sales results.
That drop effectively erases all Yelp’s stock gains from the last year.
Yelp reported sales of $197.3 million for the first quarter, falling short of Wall Street estimates. Its guidance for the upcoming quarter and full year also fell way short of analyst estimates.
On a business call with analysts, Yelp’s top execs blamed the sales miss on a find it difficult to keep existing local advertising accounts which had enrolled last year.
Jeremy Stoppelman, Yelp’s CEO, said there were “emerging companies that had trouble competing within the ad system” and jumped ship. Yelp noticed greater churn “halfway from the quarter,” based on Stoppelman.
“It was all practical deck at that time,” he added. “We place a team in place to focus on that one cohort.”
Yelp CFO Lanny Baker said the company is “not pleased” in regards to the sales outlook, but stressed that it is financial growth opportunities remain “very unattractive.”
It’s just the latest stumble for Yelp. In recent years, Yelp has faced greater competition from Google (GOOGL, Tech30), TripAdvisor (TRIP) and also Instagram, which recently began offering bookings.
Yelp has previously admitted to can not attract and retain good employees. Yelp’s chairman max levine parted ways with all the company in 2015 and it is CFO left one year later.
At some time in 2015, Yelp is rumored being up for sale .
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