Judging the financial state of OT with only one day of performance in the stock market? Ever heard of speculation? Now OT is not a privately-held company any more and everyone has access to its accounting numbers which means inevitable competition. How about Gary Danko? Does it not exist because it is not on OT? How about Slanted Door that dropped OT hard once? OT is (or was) a monopoly in a very volatile industry. Competition only has to make a website to take reservations for restaurants and get the restaurant to confirm it by a certain time and needs very little capital to eat off the same PIE.. Yes. Very exciting DAY! Only for one DAY. I wish I owned a monopoly.
Like most big (or small) restaurants, Foreign Cinema uses OpenTable.
In an economy where IPOs have been deemed a thing of the past and restaurants are shuttering left and right, SF-based OpenTable defied it all today and very successfully went public to much hullabaloo. “Partying like it was 1999,” asSiliconvalley.com put it. “The region had gone a record 15 months without a venture-backed initial public offering on U.S. markets.” Shares started at $20 and ended at $31.89. Anyone that thought they couldn’t do it "has been proven grossly mistaken," said Digital Daily. It was the best performance since 2007," said the Wall Street Journal.
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