Business News Roundup, July 29
Earnings
Yelp loss
hits stock
Yelp was panned by investors after the online business review service sank to a second-quarter loss and dimmed its outlook amid a slowdown in digital advertising sales.
The developments announced Tuesday raised more doubts about Yelp’s ability to survive on its own, although CEO Jeremy Stoppelman told analysts in a conference call that he “is building the company to operate independently over the long term.