He said that last year was a special period for Yelp, as the platform managed to reach annual revenue of more than $1 billion. The company's chief financial officer, David Schwarzbach, commented on the 2021 annual report. The company reports that it now has $232 million in stock repurchases outstanding for the year. Yelp repurchased $85 million worth of its stock in the last quarter of 2021. Users can rate from 1 to 5 stars, write a detailed comment, and attach photos. The rating of companies is formed on the platform. The service provides a large list of services by categories, among which you can choose institutions from the field of medicine, finance, catering, beauty industry, etc. The platform actively encourages users to leave reviews and talk about their experiences with different businesses and organizations. The platform allows you to sort companies by type of business, location, price of service, and other characteristics. As of April 11, 2022, Yelp had a market capitalization of $2.57 billion. The company floated a total of 7.1 million shares during the IPO. Yelp's shares were traded at $15 per share during the initial public offering. In March 2012, the company went public after conducting an IPO. In 2009, Yelp's revenues reached $30 million. In 20, the service received additional investments of $3 million and $8 million, respectively. Mission Street, a venture capital fund, committed $6 million to the platform in its early days. Yelp and other technology products including Adzaar and Slide were developed using the resources of Silicon Valley-based business incubator MRL Ventures. By 2010, the number of unique users of the platform reached 39 million people. Initially, the site was added to the companies from San Francisco, later the service can be used by businesses from other localities. The service is focused primarily on users from the U.S. Yelp is a platform for finding services from educational, financial, health, entertainment, and other fields. Yelp securities are suitable for both short-term and long-term investments. The company attracts investors with increasing profits and quotes. From the communications services sector, you can choose to invest in Yelp stock.
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