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Yelp is tanking

Akin Oyedele
Updated

Yelp shares slid more than 7% on Friday before they were halted after Bloomberg reported that the company is struggling to sell itself.

When trading resumed, shares were down more than 11%.

According to the Bloomberg report, based on interviews familiar with the matter, Yelp has been approached by several companies but is not interested in selling any time soon.

Here’s a chart showing the plunge in shares:

Screen Shot 2015 07 02 at 1.03.48 PM
Screen Shot 2015 07 02 at 1.03.48 PM

Google Finance

More to come …

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The post Yelp is tanking appeared first on Business Insider.