The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Editor's Pick

Activist investor TCS Capital wants Yelp to consider strategic options

by
May 23, 2023
in Editor's Pick
0
Activist investor TCS Capital wants Yelp to consider strategic options
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

Shares of Yelp Inc (NYSE: YELP) opened about 10% up this morning after an activist investor disclosed a sizable stake in the recommendation website operator.

TCS wants Yelp to merge with Angi

On Tuesday, TCS Capital Management pushed the California-based company to explore strategic options including a possible sale. The hedge fund owns over 4.0% of Yelp.

Eric Semler (President of TCS) also sees a merger with Angi a viable recourse for the internet services company. In his letter to the management, he wrote:

As a former board member and long-time investor in Angi, I believe that a Yelp and Angi combination would yield enormous revenue synergies and cost savings.

The said merger, Semler added, could see Yelp shares more than double from here to about $70.

Yelp shares have rallied this month

It is noteworthy, though, that Yelp shares have gained a whopping 35% over the past three weeks.

In his letter, Semler also took an issue with CEO Jeremy Stoppelman who he said was overcompensated despite a long history of poor execution. According to a company spokesperson:

Yelp maintains an active dialogue with our shareholders and values constructive feedback on our business and ways to create value.

Earlier this month, Yelp Inc reported its financial results for the first quarter that handily topped Street estimates. It now forecasts revenue to fall between $1.3 billion and $1.32 billion this year. Wall Street currently has a “hold” rating on the New York-listed firm.

The post Activist investor TCS Capital wants Yelp to consider strategic options appeared first on Invezz.

Previous Post

Examining the Latest Patterns in Commodities Trading

Next Post

Dogecoin and Shiba Inu: Dogecoin climbs to 0.07400

Next Post
Dogecoin and Shiba Inu: Dogecoin climbs to 0.07400

Dogecoin and Shiba Inu: Dogecoin climbs to 0.07400

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

    Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

    June 1, 2025
    White House urges Iran to accept nuclear deal as IAEA reports uranium enrichment spike

    White House urges Iran to accept nuclear deal as IAEA reports uranium enrichment spike

    June 1, 2025
    Israel hostage deal in doubt as Hamas adds demands, US envoy calls terms ‘unacceptable’

    Israel hostage deal in doubt as Hamas adds demands, US envoy calls terms ‘unacceptable’

    May 31, 2025
    Iran condemns Austria over report on advanced nuclear weapons program

    Iran condemns Austria over report on advanced nuclear weapons program

    May 31, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved