-
In October of 2004, in San Fransisco, Russel Simmons and Jeremy Stoppelman ,former PayPal employees, created Yelp.com, an American multinational corperation. Yelp is used by the public to rate and review local businesses in their communities, usually in urban populations. These reviews are then rated themselves as helpful, funny, and cool.
-
According to the San Franscisco Chronicle, the site rose in popularity due to the redesign of the website. It also raised 5 million dollars in funding to sustain the website
-
Yelp's site reached 1 million hits per month and also funding that year went up to 10 million for the website.
-
The Yelp application was released on iPhone for moblie use. Later, more features like Yelp being included in Apple's mapping and directions app were added.
-
Yelp became availible to people in the United
Kingdom. -
Yelp became available to people in Canada to use.
-
The first non English language Yelp site was launched in France giving users the option to select either the English or French language.
-
Yelp buys out Qype, its largest European competitior for 50 million US dollar. Unlike Qype and other competitors. Yelp offered the businesses themselves to provide information about themselves on the website and respond to reviews from the public.
-
Yelp's stock began public trading on the New York Stock Eschange, with the stock starting at 15 dollars. This valued the company at 898 million dollars.
-
The company was profitable for the first time in the second quarter of 2014, as a result of increasing ad spending by business owners.
