The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 7 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Jeremy Stoppelman emphatically denies that Yelp allows pay-to-play review manipulation
“The answer is, of course, absolutely not. That's never been the case. And in fact, you can prove it to yourself. Look at any one of our advertisers and see if you find negative reviews. Chances are you will, because everyone gets the occasional negative review…”
Jeremy Stoppelman says Yelp filters out 25% of submitted reviews on average
“Yelp has a mechanism where 25% on average of reviews are not shown on the businesses page, and we are by far the most aggressive of any review site out there.”
Max Levchin invested $1M for 40% equity to start Yelp
“So Max committed the million dollars. He got a large chunk of equity. I think it was 40%.”
Levchin held 11% of Yelp at IPO and significantly more initially
“By the time of the IPO, yes, but in the moment it was much more since there was really nothing.”
Yelp furloughed 1,000 employees during early COVID, later rehiring up to 80%
“And so it ended up being a thousand people. That we put on furlough. And we said at the outset, Hey, this, we think our best guess is, is we think this is four months. And fortunately that guess proved to be accurate. And at the end of the four months, we were…”