In the 2001 film “Jay and Silent Bob Strike Back,” title character Jay asked Ben Affleck’s character, Holden McNeil, “What the (expletive) is the Internet?” McNeil answered appropriately given the reasonable infancy of the Web at the time, “The Internet is a communication tool used the world over where people can come together to bitch about movies and share pornography with one another.” That was before Yelp Inc (NYSE:YELP) allowed users around the world to come together to bitch about local businesses.
Yelp Inc (NYSE:YELP) has grown and grown over the years and now has around 2,000 employees and somewhere in the neighborhood of 100 million monthly users. Today, the company announced that in addition to users being able to write reviews of local businesses as well as reading others, the company will roll-out the option for users to include videos in their reviews beginning this summer.
Provided you are an “Elite” user that is. Yelp Inc (NYSE:YELP)’s mobile product manager recently gave Business Insider the exclusive of the apps announcement and a sneak peak of the video upload interface of which BI posted screenshots of yesterday.
Madhu Prabaker also told BI that the introduction of video will allow reviewers to detail the atmosphere of businesses in a way that photos alone cannot.
“It will be a reward for businesses that go to great lengths to achieve a certain ambiance, whether by having a certain lighting or the music at just the right level,” Prabaker says.
The ability to upload videos will become available in June for Elite users before it is rolled out to all reviewers over the summer. Users of any level will be allowed to view the videos that will range between three and twelve seconds in length. Presently, users upload 70% of photos to the website via a mobile device and that accounts for 23,000 new photos per day.
Soon people around the world will be able to slag off businesses with a new tool, I can’t wait.
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May 6 (Bloomberg) — David Einhorn, co-founder & president at Greeenlight Capital, discusses his view that there is a bubble in a segment of the tech industry, explains his bet against Athenahealth and the differences he sees between himself and Bill Ackman on Bloomberg Television’s “Market Makers.”
David Einhorn, co-founder & president at Greeenlight Capital, discusses his conversation with former Federal Reserve Chairman Ben Bernanke on quantitative easing and Fed policy on Bloomberg Television’s “Market Makers.”
Mario Gabelli, Gabelli Funds chairman & CEO, shares his thoughts on recent M&A activity, including AT&T and DirecTV, and Pfizer and AstraZeneca.
let’s walk through some of the deals really quickly. what do you think of at&t and directv? it’s not a deal, but they said they have been approached. 120 million households in the united states. 10 million get their video through at&t verizon. 16 million get it from the cable guys. the cable guys are merging. under 30 million at comcast. cable vacation is about three. satellite, 20 million. if you put at&t and directv, it makes a lot of sense. that doesn’t mean jurgen is out. michael white is a terrific job at directv. does it make sense? yes. will it be done? there’s a lot of talk and speculation. it has 500 million shares more or less. they have a wonderful asset in latin america. there’s a lot going on. what do you think about pfizer potentially? tpaoeuz ser a larger company. they don’t fully analyze that. we don’t have the same circle of controversy. but pfizer buying astrazeneca. first bid is low. second a little higher. they just bumped the bid this morning. a couple bucks on it, a little extra stock. pfizer is giving 25% of its pro forma to buy this. but it’s got to be done. in addition to the reverse, companies are constantly looking at the portfolio saying i need a higher return. they are splitting up the company. energizer stock went from 96 to 113 by announcing they are splitting it up. free argument on the global basis should allow that.