Tranche Update on Yelp Inc.'s Equity Buyback Plan announced on November 28, 2018.
August 06, 2021 at 04:06 pm EDT
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From April 1, 2021 to June 30, 2021, the company has repurchased 1,619,000 shares, representing 2.16% for $64.63 million. With this, the company has completed the repurchase of 18,015,000 shares, representing 23.17% for $619.57 million under the buyback announced on November 28, 2018.
Yelp Inc. connects consumers with local businesses. The Company's advertising products enable businesses of all sizes reach a large audience, advertise their products and drive conversion of their services. It offers a range of free and paid advertising products to businesses of all sizes, which include CPC Advertising (Yelp Ads) and Multi-location Ad Products. Its business page products include Free Business Account, Upgrade Package, Branded Profile, Enhanced Profile, Verified License, Business Highlights, Portfolio, Yelp Connect, Logo and Nearby Jobs. In addition to its advertising products, it also offers features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp. It offers subscription services, licensing payments for access to Yelp data and other non-advertising, non-transaction arrangements. It sells its advertising products through online, its Website and Yelp for Business app, and indirectly through partners.
YELP INC. 
