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Wednesday, June 11, 2014

Will Amazon's Local Services Marketplace Kill Yelp And Angie's List?

When the news broke on Tuesday that Amazon wants to make a push into local services and launch a marketplace that will connect businesses with consumers needing anything from a plumber to a babysitter, shares of and immediately turned downward. The investor reaction made sense:  local services — and, specifically, reviews of those local services — are Yelp and Angie’s List’s bread and butter, and if the giant that slayed the bookstore industry is now taking aim at them, who knows how robust their futures are? The good news on Wednesday, however, is that according to two different analysts, Yelp and Angie actually have a chance at surviving in a showdown against Jeff Bezos’ behemoth.

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