Yelp shares plummet 28% on revenue miss
The app also cut full-year 2017 revenue and earnings forecasts
Yelp shares fell 28% after the restaurant app missed analyst revenue estimates by more than US$1 million coming in at 197.3 million, reports Business Insider.
The company also cut forecasts for this year to US$850 to US$865 million down from US$880 to US$900.
Yelp’s stock has already fallen 19% from its 19-month high in early February.