Mashable Yelp Stock Tanks 8% After Facebook Announces Graph Search

Article by Seth Fiegerman
Original Article: Mashable

Facebook's big search announcement appears to have unnerved investors for at least one tech company: Yelp.

Yelp's stock dropped by more than 8% on Tuesday to as low as $20.16 a share after Facebook announced the beta version of a smarter search engine called Graph Search. The new search tool lets Facebook users search for businesses based on their social graph, using queries like "sushi restaurants that my friends have been to in Los Angeles."

While the feature is still in its early stages, it poses a potential threat to Yelp, a company whose bread and butter is serving as a resource to recommend businesses to consumers. Yelp may have 84 million monthly visitors and tons of 33 million…
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