Yelp Falls Following Rumors Of Google Acquisition

Social media buzzed with speculation Tuesday that Yelp Inc YELP may be acquired by Google Inc GOOG GOOGL.

While the stock spiked briefly it quickly pulled back and fell nearly three percent from Monday’s close.

Rumors of Yelp being acquired are not new. In October the same rumor of a Google acquisition surfaced.

In September of 2014, both TripAdvisor Inc TRIP and Yahoo! Inc YHOO were also rumored as potential buyers of the company.

Yelp Inc recently traded at $50.97, down 2.97 percent.