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Yelp shares slide on lower forecast, analysts' downgrades

2015-07-30 01:27:54| Apparel - Topix.net

Yelp shares plunged the most since the company's initial public offering three years ago, losing one-quarter of its value, a day after the customer-review website cut its revenue forecast, said it will stop selling national brand advertising and announced Max Levchin's departure as chairman. Shares of the San Francisco-based company fell 25 percent to $25.06 at the close in New York, the biggest single-day decline ever.

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