In June 2022, following the COVID-19 pandemic, Stoppleman praised fully remote work, eliminating mandatory time in the office, and announced plans to close 450,000 square feet of office space in New York City, Washington, D.C., and Chicago. Yelp increased wages and benefits for low-level employees two months later. She was immediately fired, though Stoppelman said this was not due to the letter. In 2016, an open letter on Medium to Stoppelman by a San Francisco employee of Yelp subsidiary Eat24, Talia Jane, went viral, describing how she and her coworkers struggled on their wages to afford groceries or winter heating in the Bay Area. Stoppelman has a hands-on management style and sits at a desk among his employees. In February 2013, Stoppelman accepted a salary of $1, though he continues to earn income from the investment of his 11 percent interest in the company. According to Stoppelman, the biggest challenge at Yelp has been "the same problem Google faces in its rankings." Business owners have been suing reviewers that leave negative reviews and raising allegations that Yelp tampers with reviews to favor companies that advertise, leading to legal troubles for the company. Steve Jobs called Stoppelman in January 2010 in an effort to persuade him to turn down an acquisition offer by Google and in March 2012 Stoppelman rang the bell for the New York Stock Exchange after Yelp went public. Under Stoppelman's leadership, Yelp grew to a market capitalization of $4 billion and hosted 138 million user reviews. Stoppelman and Simmons pitched the idea to Levchin who provided $1 million in initial funding. He and former PayPal colleague, Russel Simmons, who was also working at MRL Ventures, began brainstorming on how to create an online community where users could share recommendations for local services. In the summer of 2004, Jeremy Stoppelman got the flu and had a hard time finding recommendations for a local doctor. During Stoppelman's school break Levchin persuaded Stoppelman to do an internship at the business incubator, MRL ventures. Stoppelman left PayPal after its 2003 acquisition by eBay and attended Harvard Business School for one year. of engineering at PayPal, and is one of a group of PayPal's early employees sometimes referred to as the PayPal Mafia. It was here that Stoppelman met businessman Max Levchin, who later became an investor in Stoppelman's company, Yelp Inc. Career Īfter four months of working for Network, Stoppelman accepted a position as an engineer at X.com, which later became PayPal. After graduating he took a job with Network. He attended the University of Illinois at Urbana-Champaign and obtained a bachelor's degree in computer engineering in 1999. Stoppelman aspired to be a video game developer and took computer programming classes, where he learned the Turbo Pascal software programming system. As a child Stoppelman had an interest in computers and business and began investing in stocks at the age of 14. He attended Langley High School and a Reform temple as a child and had a Bar Mitzvah. His mother, Lynn, was an English teacher, and his father, John, was a securities lawyer. Stoppelman was born in Arlington, Virginia, in 1977. He turned down an acquisition offer by Google and took the company public in 2012. During a summer internship at MRL Ventures, he and others came up with the idea for Yelp Inc. Stoppelman left PayPal to attend Harvard Business School. After briefly working for Network, he worked at X.com and later became the VP of Engineering after the company was renamed PayPal. Stoppelman obtained a bachelor's degree in computer engineering from the University of Illinois at Urbana–Champaign in 1999. He is the CEO of Yelp, which he co-founded in 2004. Jeremy Stoppelman (born November 10, 1977) is an American business executive. University of Illinois Urbana-Champaign ( BS)
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