Rick Munarriz

But it's just hard to stand out with consumer products like this, even when your heart is in the right place.

Again, you want them to succeed.

It's almost like the food with integrity that Chipotle has.

That's their approach to consumer products, making everything clean, eco-friendly, efficient.

They do everything right.

You want them to succeed.

There's not really a lot of growth here, and it's sort of hard to stand out, even though it is, obviously, especially on the personal care and the baby products, for the baby wipes and the diapers, they have that market where they have their very fanatically devoted user base.

But then we're sort of asking ourselves if baby growth is the solution, then we're talking about population rates, and I don't want to play that math, so I'm going to go with Faker.

All right.

I can eat my way through the dark clouds.

But I'm going to go, again, with this case, I'm going to go also with a faker for Yelp.

And the conversation, I think, is interesting.

But again, Dave just shot down the company that has the ticker symbol AI and has dozens of enterprise platform software solutions based on AI for a long time and just not showing growth.

To me, Yelp has that problem.

Yelp Elite used to mean something, now there's so many other places you can get reviews for just about anything, even AI from the actual search engines themselves.

But more importantly, this is a business that's been slowing for more than a decade and a half.

Before the pandemic, revenue growth from six years up to 2019 went from almost 70 percent growth to down to eight percent growth in 2019.

The pandemic happened, everything cratered.

Then it picked up, bounced naturally in 2021-22, but we're in the same boat.

This will be the fifth consecutive year of accelerating growth, and now it's a mid-single digits.