- Apex Capital's Gil Simon, making a contrarian bull case for YELP on CNBC: "We've seen this before. A lot of Internet companies have struggled as they've grown ... Facebook is a great example ... Netflix obviously had similar issues. And really, these companies have had crises of confidence on Wall Street, which have lasted for periods of time." (video)
- Apex notes only 4% of businesses on Yelp are currently paying the company, and argues (like Facebook/Netflix a few years ago) its growth story remains in its early stages. The defense of the local reviews leader comes two weeks after its shares plunged due to a Q2 EPS miss and soft guidance.
- Previously: Citron calls Yelp's selloff "a bit overdone"