Investor Alert: Kaplan Fox Investigates Yelp Inc.

NEW YORK, Nov. 9, 2018 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating potential claims on behalf of investors of Yelp Inc. ("Yelp" or the "Company") (NYSE: YELP). 

On May 10, 2018, the Company disclosed in its Q1 2018 Shareholder Letter that by the end of the first quarter of 2018, the Company "had migrated the majority of our salesforce to selling" "non term contracts."  The Company represented that it was transitioning "away from offering fixed-term contracts in favor of more flexible, open-ended contracts"

On November 8, 2018, after the close of trading, Yelp disclosed its financial results for the quarter ended September 30, 2018.  The Company's CEO Jeremy Stoppelman disclosed that "[w]hile the shift to non-term advertising has opened our sales funnel, it has also made our results more sensitive to short-term operational issues. We have begun to address a number of the issues that impacted our third quarter results; however, we expect them to affect our fourth quarter results as well, as reflected in our Business Outlook."

On November 9, 2018, at the opening of trading, Yelp shares declined as much as $14 per share or over 32%.

If you are an investor in Yelp and would like to discuss our investigation, please contact us by emailing [email protected] or by calling 800-290-1952. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: [email protected]

 

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SOURCE Kaplan Fox & Kilsheimer LLP

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