Yelp Inc. is an American company that operates Yelp.com, a website and mobile app that publishes crowd-sourced reviews about businesses. It also offers a table reservation service called Yelp Guest Manager. Yelp was founded in 2004 by Jeremy Stoppelman and Russel Simmons and has become one of the leading sources of user-generated reviews for businesses. As of 2021, Yelp generates over $1 billion in revenue and has 4,400 employees. The company is publicly traded on the NYSE under the ticker symbol YELP. Yelp’s ownership includes a portfolio of subsidiaries and acquired companies, which collectively contribute to its business operations and revenue.
Key Takeaways:
- Yelp is a prominent American company that operates a popular review website and app.
- It was founded in 2004 and has become a leading source of user-generated reviews.
- Yelp generates over $1 billion in revenue and has 4,400 employees.
- The company is publicly traded on the NYSE under the ticker symbol YELP.
- Yelp’s ownership includes a portfolio of subsidiaries and acquired companies.
Yelp’s Subsidiaries and Acquisitions
As part of its growth strategy, Yelp has acquired several companies to expand its business holdings and enhance its services. These subsidiaries and acquisitions play a crucial role in Yelp’s overall operations and contribute to its revenue streams. Let’s take a closer look at some of the notable companies owned by Yelp:
1. Eat24
Eat24 is an online food ordering and delivery platform that was acquired by Yelp in 2015. With Eat24’s integration into Yelp’s platform, users can now order food directly from restaurants through Yelp’s website and mobile app. This acquisition has allowed Yelp to tap into the growing online food delivery market and offer a more comprehensive experience to its users.
2. Nowait
Nowait is a table management and waitlist app that was acquired by Yelp in 2017. This acquisition has enabled Yelp to provide a seamless dining experience for its users by allowing them to join restaurant waitlists remotely and receive real-time updates on table availability. Nowait’s technology has been integrated into Yelp’s platform, enhancing its table reservation service and streamlining the dining experience for both users and restaurants.
3. Turnstyle Analytics
In 2017, Yelp acquired Turnstyle Analytics, a Wi-Fi marketing and analytics company. Turnstyle Analytics specializes in providing customer insights and marketing solutions based on Wi-Fi data. This acquisition has allowed Yelp to leverage Wi-Fi analytics to better understand consumer behavior and preferences, enabling businesses to target their marketing efforts more effectively.
These are just a few examples of the subsidiaries and acquisitions owned by Yelp. Each of these companies brings unique expertise and capabilities to Yelp’s portfolio, strengthening its position in various sectors and expanding its range of services.
| Company | Year of Acquisition | Description |
|---|---|---|
| Eat24 | 2015 | An online food ordering and delivery platform integrated into Yelp’s platform. |
| Nowait | 2017 | A table management and waitlist app that enhances Yelp’s table reservation service. |
| Turnstyle Analytics | 2017 | A Wi-Fi marketing and analytics company that provides customer insights and marketing solutions. |
Yelp’s Business Holdings and Impact
Yelp’s portfolio of owned companies and subsidiaries is a testament to its strong presence in the local search, advertising, and online food delivery sectors. With a diverse range of platforms and services under its belt, Yelp has become a significant player in the digital marketplace.
One of Yelp’s key strengths lies in its ability to connect consumers with businesses through its user-generated reviews and ratings. By providing a platform where individuals can share their experiences and opinions about local establishments, Yelp has transformed the way people make purchasing decisions.
Moreover, Yelp’s business holdings extend beyond review aggregation. The company has made strategic acquisitions to expand its services and cater to a broader audience. For example, Yelp’s acquisition of a table reservation service called Yelp Guest Manager has allowed it to offer a more comprehensive solution to both users and businesses.
Through its portfolio of subsidiaries and acquired companies, Yelp has not only diversified its revenue streams but has also had a significant impact on the businesses it owns. By leveraging its extensive user base and digital marketing capabilities, Yelp’s subsidiaries are able to reach a wider audience and drive more customers to their doors.
FAQ
What companies does Yelp own?
Yelp owns a portfolio of subsidiaries and acquired companies, including Yelp Guest Manager, a table reservation service.
Who founded Yelp?
Yelp was founded by Jeremy Stoppelman and Russel Simmons in 2004.
How many employees does Yelp have?
As of 2021, Yelp has 4,400 employees.
Where is Yelp traded?
Yelp is publicly traded on the NYSE under the ticker symbol YELP.
How much revenue does Yelp generate?
Yelp generates over $1 billion in revenue.
What sectors does Yelp operate in?
Yelp operates in the local search, advertising, and online food delivery sectors.
Does Yelp own other companies?
Yes, Yelp has expanded its business holdings through strategic acquisitions of various companies.
What are some notable subsidiaries and acquisitions owned by Yelp?
Some notable subsidiaries and acquisitions owned by Yelp include Yelp Guest Manager, a table reservation service, and other companies that contribute to its overall business operations and revenue.
What is the role of Yelp’s portfolio of owned companies and subsidiaries?
Yelp’s portfolio of owned companies and subsidiaries establishes its strong presence in the local search, advertising, and online food delivery sectors, contributing to its overall business impact.