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Yelp's website, Yelp.com, is a crowd-sourced local business review and social networking site. The site has pages devoted to individual locations, such as restaurants or schools, where Yelp users can submit a review of their products or services using a one to five stars rating scale.
A review site is a website on which reviews can be posted about people, businesses, products, or services. These sites may use Web 2.0 techniques to gather reviews from site users or may employ professional writers to author reviews on the topic of concern for the site.
According to Stoppelman, the biggest challenge at Yelp has been "the same problem Google faces in its rankings." Business owners have been suing reviewers that leave negative reviews and raising allegations that Yelp tampers with reviews to favor companies that advertise, leading to legal troubles for the company.
Yelp’s data team came up with the rankings using the ratings diners gave the restaurant and how many reviews it got. Smokehouse has 4.5 stars on the site, with 829 reviews.
The foodies have spoken. After waiting a long time for a table, Yelp (NAS: YELP) is a screaming success today. The fast-growing local reviews website priced its IPO at $15 last night. That was ...
After reading the breathless coverage in The Wall Street Journal, Bloomberg News, and The New York Times about the rumored $2 billion Yelp IPO, I have one question: Does the online-review site ...