Yelp
Inc. (NYSE: YELP) fell to an unexpected loss for the second quarter of 2 cents per share compared with earnings of 4 cents per share last year,
forecast current quarter revenue below analyst expectations and
announced the resignation of chairman Max Levchin prompting downgrades. Share of the online review site plummeted $9.21 to $24.30.
Yelp falls to unexpected loss
July 29, 2015 at 13:49 PM EDT