SA国际传媒

Morning Report:聽Shares of Yelp are off over 15 percent this morning. And that’s an improvement.

Shares of Yelp collapsed around 30 percent yesterday after the company reported lower than expected revenue in the recently-completed quarter. The tech shop also lowered its full-year guidance.

The gaps between what the company had on offer, and what the street had expected,聽:

• Reported revenue of $197.3 million, under expectations of $198.4 million.
• New full-year forecast from $850 million to $865 million, down from聽$880 million to $900 million.
• Full-year EBITDA — a very adjusted profit metric — between $130 million and $145 million, lower than its previously anticipated $150 million to $165 million.

A miss and two retractions pencils out to a dramatically falling share price.

Notably, Yelp has recovered somewhat from its lows. Here’s the 聽covering its pre-earnings trading, its selloff, and today’s ramping recovery:

Yelp is gaining altitude from its lows; however, it still has a long way to go to get back to flat.

Regular readers will recall a for both Twilio and Etsy this earnings cycle.聽And, looking ahead, Snap reports its earnings today. Whether Snap will join our three or beat the negative hype will be answered in just a few hours.

From the :

Kreditech raises $120M from PayU

• , a Hamburg, Germany-based startup that provides credit access to people with little or no credit history, that it has raised $120 million from , the Naspers-owned online payment service. The funding, part of a broader partnership, marks the largest-ever equity investment for a German fintech company, according to Kreditech.

Apple buys sleep tracker Beddit

• Apple is acquiring , the maker of sleep tracking hardware and software that tells you how well you鈥檝e slept. Finland-based Beddit, founded in 2007, previously raised about $3.5 million.

Top 1% of startups raise over $160M

• To join the vaunted 鈥渙ne percent鈥� of startups, as ranked by the total amount of money raised, a company needs to have received roughly $163 million in pre-IPO equity and debt financing, according to a . Raising just $1 million is enough to rank in the top half of companies in 28 states.