Yelp (YELP) is an American multinational corporation headquartered in San Francisco, California. It develops, hosts and markets Yelp.com and the Yelp mobile app, which publish crowd-sourced reviews about local businesses, as well as the online reservation service SeatMe and online food-delivery service Eat24. The company also trains small businesses in how to respond to reviews, hosts social events for reviewers, and provides data about businesses, including health inspection scores. Yelp was founded in 2004 by former PayPal employees, Russel Simmons and Jeremy Stoppelman. Yelp grew quickly and raised several rounds of funding. By 2010 it had $30 million in revenues and the website had published more than 4.5 million crowd-sourced reviews. From 2009–2012, Yelp expanded throughout Europe and Asia. In 2009 it entered several negotiations with Google for a potential acquisition. Yelp became a public company in March 2012 and became profitable for the first time two years later. As of 2016, Yelp.com has 135 million monthly visitors and 95 million reviews. The company's revenues come from businesses advertising. According to BusinessWeek, Yelp has a complicated relationship with small businesses. Criticism regarding Yelp focus on the legitimacy of reviews, public statements of Yelp manipulating and blocking reviews in order to increase ad spending, as well as concerns regarding the privacy of reviewers.
YELP looks to be hugging that resistance, about ready to pop over it. While Im not a fan of the company, I will happily trade this move if it happens this week! On the watch list!
YELP must be blackmailing a lot more business owners into paying for good reviews! Business is strong! lol
No real resistance until like $30 and it's through the 200MA. The question will be whether or not it's just an earnings jump, or if there's enough to continue the push up towards $30.
Yelp Rises After Earnings Beat Estimates, Analysts Back Stock http://finance.yahoo.com/news/yelp-rises-earnings-beat-estimates-180926161.html
Smart money picked off profits at $38 and they're still cashing in. Doesn't look like this increase will hold.
RBC Capital analyst Mark Mahaney named Yelp (NYSE: YELP) his top small cap pick for 2017 and reiterated an Outperform ...
RBC Capital analyst Mark Mahaney named Yelp (NYSE: YELP) his top small cap pick for 2017 and reiterated an Outperform ...
Fairly longer-term wedge forming here. Ready for the breakout, but probably won't be playing it. Unsure of the upside if it does break out, but there's a ton of support at the 50 and 200MA, and then the ascending support line.
