Yelp rebounds on Oppenheimer upgrade


Clobbered last week by a momentum stock rout and the WSJ's probing of FTC complaints related to bad reviews, Yelp (YELP +2.4%) is rallying today on an Oppenheimer upgrade to Outperform.

Oppenheimer, which has also upgraded Netflix, argues Yelp's near-term fundamentals are unchanged by the FTC complaints. Shares are down 34% from a February high of $101.75, but remain up over 150% over the last 12 months.

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Comments (2)
  • leebailey85
    , contributor
    Comments (85) | Send Message
     
    And by rebounds you mean only down 30% more than the qqq today...
    7 Apr 2014, 02:00 PM Reply Like
  • NoVictim
    , contributor
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    YELP is a known extortion scheme whereby businesses who decline to advertise wind up with their positive reviews filtered and their negative reviews made prominent. A cadre of so called elite Yelpers (chronically unemployed losers paid off in swag and free booze) are Yelps hired guns who do the dirty work of defaming small businesses for them and shilling for advertisers. IF you read this Class Action Complaint you will read the testimony of one such "Elite Yelper" Lily Jeung, who outlines how the extortion scheme works, how she was fired for writing a negative review on a big money advertiser and how it all comes down from Jeremy Stoppelman.

     

    Pay close attention to Class Action Complaints #47-58

     

    http://bit.ly/1qhp5AV...

     

    Regarding the Yelp business model, it points clearly to extortion.

     

    How can YELP expect small businesses to advertise with a bulletin board which has already defamed them or threatens to do so? Keep in mind that this MONEY LOSING BUSINESS relies on advertising for over 60% of its revenue! Yelps advertising rates area a complete ripoff and are clearly extortionary. While other online advertisers are charging 60 cents per 1000 impressions, Yelp is charging $600!!!

     

    The thousands of FTC complaints, individual and Class Action suits and recent investigations by the Pomerantz and other securities law firms are only the tip of the iceberg. Look out below!
    7 Apr 2014, 09:53 PM Reply Like
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