Skip to main content

Market Overview

Facebook Launches New Feature That Could Rival Yelp

Share:

The Next Web reported that Facebook Inc (NASDAQ: FB) "quietly" launched a new Places directory, allowing users to search for user-generated recommendations on restaurants, hotels, bars attractions and more.

The Places directory syncs with Graph Search and other elements of Facebook's platform and poses a competitive challenge to already established user-generated review sites like Yelp Inc (NYSE: YELP).

Users can scroll through a list of venues or attractions and can "like" the page and even view the location on a map.

Yelp recently traded at $58.34, down 3.7 percent. Facebook was down less than 1 percent.

Facebook's venture into Yelp's territory quickly garnered the attention of industry heavyweights, as Doug Kass tweeted:

 

Related Articles (FB)

View Comments and Join the Discussion!

Posted-In: Doug Kass Facebook Facebook Places The Next Web yelpNews Intraday Update

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com