Social reviewer Yelp (NYSE: YELP ) is up huge so far this year, recently topping the $50 per share threshold. Much of the investor optimism is due to mobile revenue growth, but the company still faces threats from larger rivals like Google (NASDAQ: GOOG ) , who tried to acquire Yelp years ago. As Yelp transitions to mobile, it will rely less on Google for traffic, which is a good thing.
In the following video, Fool contributor Evan Niu, CFA, and Eric Bleeker, CFA, discuss why Yelp has had such a good year, and whether or not the current valuation makes sense.
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