Giant Footprints and Yelp Potential Recovery
Despite a strong recovery from the March lows and catching up with the big dogs in good stock, Alphabet hit some big hurdles in late 2020. In the first October, the US Department of Justice filed a huge antitrust law. A proceeding against Alphabet alleging unfair business practices, and two proceedings in December 2020.
In addition, Alphabet reports that for the first time in the company’s history, revenues declined year-over-year as customers were hit by a pandemic cut in advertising costs. According to expert analysis, Google seems to have a solid balance sheet with liquidity, a strong management team and innovative companies.
Yelp is a place where millions of people get together for restaurant reviews, but due to the low pandemic and people eating out, you might think this would hurt their inventory. This holds the fact that Yelp’s share has declined 11% year-to-date. However, Yelp’s third-quarter earnings revealed a surprisingly positive secret.
Yelp receives only about 15% of advertising revenue from restaurant and cafe review services, and the “local service” side of the business receives more than 50% of revenue, even though it’s only 10% of views. Occupy. With this strong business model and accelerated vaccination rates and resumptions, Yelp could be in a strong position to make 2021 a green year.
I am not a financial adviser. My comments should not be taken as financial advice. There are risks associated with investing, so be sure to conduct a survey and analysis in advance.
Giant Footprints and Yelp Potential Recovery 🍽
https://invstr.com/04-january-watchlist-2/ Giant Footprints and Yelp Potential Recovery 🍽