Shares of Yelp Inc (NYSE:YELP) are 2.6% lower before the bell after Bank of America initiated bearish coverage with an "underperform" rating and a $30 price target.
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The Zacks Internet - Content industry participants like Yelp (YELP), Angi (ANGI) and Opera Limited (OPRA) are benefiting from expanding mobile, digital and cloud-based offerings amid challenging macroeconomic conditions globally.
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Yelp (YELP) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Yelp (YELP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
For years, Yelp has complained about Google's practices, alleging that the tech giant placed its own products above competitors in Google search results.
Yelp is alleging unfair business practices after years of complaining about Google's practices with search and recommendations.
Business review site Yelp (YELP) sued Alphabet's Google (GOOGL) in a San Francisco federal court, claiming the search giant uses its dominance to steer users to its own content.
After years of complaining about Google's practices with search and recommendations, Yelp has sued the company for unfair business practices.
The lawsuit claims Google relies on its dominant hold on general search to "divert traffic away from those rivals and toward Google's own inferior local search product,” according to the complaint filed in federal court in San Francisco on Wednesday.
Yelp Inc (NYSE:YELP) has sued Google for stifling competition after a US federal judge ruled earlier this month that the Alphabet Inc (NASDAQ:GOOG) search engine violated antitrust laws. An antitrust lawsuit filed yesterday by the online review company alleging that Google manipulates search results to promote its own local reviews rather than its rivals, such as Yelp.