Peter Kafka

Recent Posts by Peter Kafka

Wall Street to Yelp: Facebook Search Should Scare You

We won’t know what yesterday’s Facebook search announcement means for a long time. Could take years, really.

But the market made up its mind very quickly yesterday, and you can see it illustrated quite nicely below: It wanted to see more from Facebook, it thinks Google is just fine and it’s not worried about LinkedIn. But it thinks Yelp could see real competition from Mark Zuckerberg and company.

It’s pretty obvious in these Yahoo Finance charts, but just to be clear: Zuckerberg started speaking around 1 pm ET yesterday. The markets open in a few minutes, so we’ll see if anyone has rethought anything overnight.

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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”