Jeremy Stoppelman
@jeremys
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200,213
Following
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Co-founder and CEO of Yelp. YIMBY. Pro pedestrians, bikes, and transit.
San Francisco
Joined May 2007
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Today, Yelp filed an antitrust lawsuit against Google. For years, Google illegally abused its monopoly in general search to dominate the local search and local search advertising markets. 1/2
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Most office workers are never coming back to an office and the ramifications are enormous. Let’s dive in 🧵
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A person was struck by a human driver in SF which is having a record year for pedestrian deaths (including a 4 yo in a stroller 2 weeks ago) and
@nytimes
chooses to highlight a brief ambulance delay. AVs have killed 0 people in SF, sorry NYTimes you’ve lost the plot.
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Google says stop pushing App downloads yet its own teams push apps using same "bad" designs.
http://t.co/9Z3NeGbZxR
http://t.co/UzX9DbKn3x
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I’ve been on the lookout for troubled CRE and saw an interesting story yesterday…🧵 1/7
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Just read a bank’s economic outlook and not a single mention of the massive office space overhang 🧐. Lots of money in these building fueled by debt (sold by banks). Leases not getting renewed, income on these dropping that will trigger waves of defaults. A “big short moment”?
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Who would have thought the one person most likely to give us flying cars is instead working on 140 characters.
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4/5 Two sides to every HR story so Twitter army please put down the pitchforks. The reality of such a high Bay Area cost of living is...
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5/5 entry level jobs migrate to where costs of living are lower. Have already announced we are growing EAT24 support in AZ for this reason.
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I hope others from SF/Bay Area tech companies will join me at this march planned June 30. Please also consider donating to one of these great orgs assembled by
@dahlialithwick
&
@mjschlanger
:
#FamiliesBelongTogether
BREAKING:
@RepJayapal
announces
#FamiliesBelongTogether
rallies across the nation on 6/30 to protest
@realdonaldtrump
’s cruel & in-humane anti-immigrant policy. RSVP here:
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Had to say goodbye to Darwin today. He kept me sane and everyone
@yelp
smiling for over 10 amazing years. 2005-2015
http://t.co/rzniU3fa6H
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The fact that most intersections in San Francisco aren't daylighted (having blocked space before a stop sign so pedestrians can be seen by cars) boggles the mind. We are putting subsidized car storage over people's actual bodies.
@LondonBreed
@SFMTA_Muni
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1/5 Late last night I read Talia's medium contribution and want to acknowledge her point that the cost of living in SF is far too high.
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Yelp is seeking a remedy that addresses Google’s anticompetitive misconduct, and protects consumer choice. Learn more:
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In 2011 I testified to Senate antitrust & asked "why has [Google] invested so heavily to be the default choice on web browsers and mobile phones? Clearly they are not taking any chances." today we learn they've been paying $26B to prevent competition 🤯
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Sad for California and for those trying to get a foothold or hang on in a brutal housing market. The arguments against a revised SB827 were nonsensical. YIMBYs will fight on. Love
@Scott_Wiener
’s bold effort to get something meaningful done, he moved the convo forward.
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At some point most everyone will realize we’ve gone through a one way door, so if you’re a business leader trying to figure out what to do next my advice is simple: burn the boats and go remote!
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Great to see enforcement of basic parking rules back in San Francisco! Having to occasionally push a stroller into a dangerous street to get around a “parked” SUV always grinds my gears.
Richmond neighborhood residents are in shock after getting $108 tickets because the cars parked in their short driveways encroached—even slightly—onto the sidewalk.
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2/5 I have been focused on this issue, backing anti-NIMBY group SFBARF and speaking out frequently about the need to lower cost of housing.
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Judge Mehta's landmark decision has unequivocally found that Google willfully used illegal means to maintain its monopoly in general search. This is a watershed moment for startups and innovation, and the ripple effect will be felt for many years to come
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So why does hybrid suck? It forces employees to live near an office (high cost areas) and doesn’t get rid of the commute. Also hiring is constrained by geography and you have to maintain underutilized office space. You get none of the advantages of remote!
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3/5 I've not been personally involved in Talia being let go and it was not because she posted a Medium letter directed at me.
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I am beyond outraged over the senseless killings of George Floyd, Ahmaud Arbery, Breonna Taylor, and countless others. This needs to stop, now. I stand with those against injustice and racism.
Racism and police brutality have no place in our society. We stand in solidarity with our Black employees, users, and business owners. We all must use our voices and votes to stand against injustice and systematic oppression in this country. Black Lives Matter.
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Not all heroes wear capes
San Francisco has a subculture of parking vigilantes. Frustrated with widespread illegal parking, most of all blocking sidewalks, these residents have taken it upon themselves to report vehicles to the city, often resulting in a parking ticket.
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Wish Zuck’s personal challenge in 2017 was to stop the Russians instead of posing for candids with farm animals.
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$2.5 Trillion of debt-financed assets under massive pressure is not going to end well for our financial system. Banks, REITs, property holders, brokers, and even mayors (major tax revenue implications) will all try to keep the artificial narrative of a “return to office” afloat.
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Today's SCOTUS ruling puts women's health in jeopardy, denies them their human rights, and threatens to dismantle the progress we’ve made toward gender equality in the workplace since Roe. Business leaders must speak out now and call on Congress to codify Roe into law.
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With the steady drumbeat of smart housing policy in Sacramento (thx
@Scott_Wiener
) and new car free (JFK in GGPark
@KidSafeSF
) and car-lite (SF Slow Streets
@SlowLakeStreet
@PageSlowStreet
) spaces I'm feeling optimistic for SF. Serious issues remain, but good things are happening
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To all my SF friends: please support a safer and even more beautiful Golden Gate Park by voting YES on J
Mo has been coming to Golden Gate Park for 43 years.
While ALS has changed things, she still visits the park most days.
And she loves the
#JFKPromenade
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A total disgrace of a deal
@BrookeJenkinsSF
@LondonBreed
this woman should not be driving ever again at a minimum.
The driver who struck and killed a 4-year-old girl in a S.F. intersection will avoid jail time, the DA’s Office announced. Karen Cartagena, 71, will serve two years of probation, complete 400 hours of community service and enroll in a driver safety class.
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Google is so right. Time to clean up all those "annoying" above fold ads in mobile and show users some content 😛
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Competition is just a $15B check away...
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Google monopolist not satisfied with above the fold they've now claimed "page 2" cc
@kaufer
#byeorganic
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California needs more housing that is dense with easy access to mass transit. The visionary housing bill
@Scott_Wiener
has put forward would be great for the future of our state and better for the environment too.
More than 120 major California tech executives including
@jack
@alexisohanian
@jeremys
@Benioff
@logangreen
@reidhoffman
are backing legislation that would boost housing near transit
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Lol
@SiliconHBO
thanks for the 3D printed memento and for sticking my name right next to Google 😂. Can’t wait for the final season!
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As we all got used to remote during the pandemic, the concept of hybrid work was a seductive and psychologically “safe” idea, but it’s actually the worst of all worlds and people are beginning to realize it
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Why not go back to “normal” in an office? Think of the traditional office as a legacy technology, remote is a disruptive innovation. Remote does the job of a legacy “office” but has major advantages (no commutes, untethered hiring) that makes it both superior and less expensive.
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“Today the difference is stark. Residents of the United States are three times as likely to die in a traffic collision than someone living in France.”
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Since people are living and working in the same space, we should see sustained demand for extra residential space and a boom in previously sleepy small cities & towns.
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I was crying ice cubes hoping I'd croak, when the sun come through the window, the ice all broke. I stood up and laughed thought it was a joke. That's the way that the world goes 'round. -John Prine
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At Yelp we made the decision to go remote-first in mid 2020. A big part of our calculus was that employees would strongly prefer cutting their commutes to nothing and happiness research backs this up
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@aloukissas
What about the extra 1 hr+ of new free time you get back for yourself? And who says your social life has to be with work people? Can pursue a hobby, join a sports league, meet your neighbors, got to a gym, spend more time with your kids, etc.
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Thought experiment... what if
@sama
moved
@ycombinator
to Oakland? Bet it'd quickly become hot startup location. Cheaper rent & housing.
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It’s now clearer than ever that the decision to close the antitrust investigation against Google in 2013 has not aged well. These smoking gun docs show how Google methodically destroyed the web. All this evidence should be revisited with fresh eyes. Congress should hold hearings.
🚨🚨🚨
@Leah_Nylen
just dropped an atom bomb on DC.💣
All of the full, unredacted confidential FTC memos from the 2011-2013 Google antitrust investigations are officially in the public domain.
Staff memo:
Econ memo:
🚨🚨🚨
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Winner in tonights debate is
@realDonaldTrump
's accountant. Phone must be ringing off the hook w/people asking how to get Federal tax to 0%!
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So appreciative of
@sfstandard
asking each mayoral candidate to comment on last weekend's horrific crash in West Portal and SF's Vision Zero 2024 failure. People deserve to know their views on this life and death topic:
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Covid relief in under 60 days, May 1 vaccines for all, Biden making competence matter again 🙌
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.
@LondonBreed
keep
@SlowLakeStreet
slow. We need to prioritize people NOT cars.
We need bold action and fearless leadership on
#SlowStreets
,
#VisionZero
, and
#ClimateAction
now.
#SlowLakeStreet
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This startup with help from citizen volunteers are putting up 50 traffic-counting sensors on SF Slow Streets: a collab w
@KidSafeSF
and
@SFParksAlliance
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Wow Google, congrats on a new low. Consumer searches for Yelp gets "reviews" which are Google Ads.
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To attract retail investors their fund structure allowed people to withdraw like a mutual fund, but with more limitations. Sounds to me like this reporter got wind of an early "run on the bank", fund is saying all is well - nothing to see, but chances are all is not well. 7/7
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Hats off to
@Benioff
for again leading fight against discriminatory law. Weekly wack-a-mole, we're better than this.
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Kim-Mai on 🔥 see 👇thread
@millerkevinc
@ClaraJeffery
It's $714K a unit to build in SF once you factor in land, labor, etc. Excluding 15% margin. You're still operating at needing
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How’s it going? Quite well! Internal surveys show high satisfaction and continued productivity from our sales, product and engineering teams. We’ve hired two remote C-level executives both in geographies with no offices and we've got great access to a diverse talent pool.
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No proof because we don't: never have, never will. We live to protect consumers and connect them to best local biz.
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Lol so proud of
@yelp
mobile team. First to provide emoji local search.
http://t.co/FUlsPdvYDH
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In early 2000s Google feared IE and their ability to set search default). Google paid Firefox big $ for search default to mitigate, but there was Firefox risk. Poached key Firefox contributors to build Chrome, pushed hard w/search monopoly, unlocking browser market dominance.
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Sanity prevailed and the local seniors will be safer for it 🙏 thanks
@karaswisher
for raising visibility maybe it helped
In 3 days a community of retirees (Palm Springs/Palm Desert/Indian Wells) will welcome a large tennis tournament called PNB Paribas Open that attracts >400,000 drawing heavily from West Coast seems frighteningly hazardous to local seniors cc
@chrislhayes
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Wonder if private co's knew they'd get "marked to market" by mutual funds. Zenefits gets a 48% markdown by Fidelity
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Google can "speak the language of the universe", but can't stop recommending and amplifying conspiracy theories and other misinformation on YouTube 👇
Excited about what quantum computing means for the future - it gives us another way to speak the language of the universe and better understand the world, not just in 1s and 0s but in all of its states: beautiful, complex, and with limitless possibility.
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With most companies reducing office space demand permanently, the commercial real estate market is set for a massive earthquake. Industry group NAREIT estimated the value of all US offices at $2.5 trillion in 2018 (!).
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@puiwingtam
@fmanjoo
@kevinroose
By default everything you type into Safari on iPhone goes to Google (where like FB, you're the product). Nothing would be more pro-privacy than sending searches to a privacy-focused search engine like
@DuckDuckGo
. Missing half the big tech privacy equation by focusing on FB.
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This is awesome, new high quality research studies on diet/obesity being funded philanthropically
http://t.co/TWNgjuLqoJ
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Wow sore loser he knows that we don't bias reviews for $. Desperate times desperate messaging. RIP FS 🎃
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Is someone going to create a Kickstarter for academia? Contributing directly to promising research would be cool.
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If "competition was a click away" Google would not have spent $1B in 2014 to be your default search engine on iPhone
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"Perhaps it is time that we begin to think of Google as an ad engine that also returns some search results."
http://t.co/uh9dYlkXm5
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These office buildings are leveraged with debt. What happens when income falls dramatically over the next year or two? Loan defaults.
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In 3 days a community of retirees (Palm Springs/Palm Desert/Indian Wells) will welcome a large tennis tournament called PNB Paribas Open that attracts >400,000 drawing heavily from West Coast seems frighteningly hazardous to local seniors cc
@chrislhayes
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For those questioning Apple's continued product chops/innovation check out AirPods. A product that I think would make Steve proud.
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Could many of these unused or underused office buildings be converted into housing? Maybe! However it would take a ton of money, political will (watch out for the NIMBYs) and especially time. Not a quick fix to the office glut which leads me to…
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Heh please let me rewrite that for you "San Francisco millionaires save millions thanks to foolish tax subsidy: Prop 13"
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@wafoli
Yes you're correct, always misunderstood.
Half of business owners on this Toronto street estimated that more than 25% of their customers arrived by car. In fact, it was 4%. And the % for those who walked or cycled? 72%. Retailers routinely overestimate the # of “car customers.” Via
@carltonreid
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Lack of housing due to zoning drives inequality not just through price appreciation but by cutting off opportunity.
Low skilled don't move to high-growth regions anymore. Why? Land use regulation.
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