Facebook is buying Instagram for a billion and Instagram doesn’t do shit. Like real estate, the internet is all about acquiring the best properties, then killing your enemies with agonizing bankruptcies.
Top Websites in America, by Alexa.com
In social media, Facebook, Twitter and Instagram are the dominant places where people converge to talk shit. Moving on, when it comes to reference, GOOG, Wikipedia, TRIP and Yelp are the dominant sites and apps that people use, in order to get smart. If you want to know about random shit, you go to GOOG for information. If it’s something specific, you type in ‘HORSESHIT wiki’ into google. And if you want information about restaurants or hotels, you go to Tripadvisor and Yelp.
When outside of some suspect eatery, pondering about delving inside for a quick bite, one might say ‘hey, YELP this restaurant to see if it’s any good.’
The future of this fucking civilization is getting access to information, from real people, in real time. With more than 67 million page views per month, Yelp ranks #42 in the United States. With regards to valuation, it’s foolish to put a multiple on something that is growing so fast (60%+) and that is likely to be acquired. Just a few years ago, YELP rebuffed several offers to sell for $500 million. Well, since then the company has grown quite a bit. In other words, there is a floor in the shares, likely at around $1 billion.
In my opinion, this can grow into a $5 billion dollar company. Once YELP expands globally and people catch on, this fucker is going to be off to the races and will not look back, roasting shorts–rotisserie style– along the way.
NOTE: I added to my YELP position today.
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For me Yelp is a buy with close over 23.70, or anticipating bounce at 17.30. I know that sounds low.
Doubt it closes below. Bot calls.
Facebook needs to just buy Zynga already.
Nice, a man behind his words
Nice add on yelp, looking like a reversal today!
Nice jump! It appears you’ve dusted off your time machine.
HOT TIP for any jewish yelpers. I love to eat, and I dont like to spend loads of money on food. So I filter search for food places with the most reviews and highest reviews with just 1 $. Cheap good eats FTW!
One has to take a long term view on the mobile, cloud and social revolution or else jockey in and out of positions losing on commisions and taxes….
RGR sweet baby Jesus…
Gun sales are through the roof! Are there any public companies that sell ammunition?
I believe Olin Corp. (OLN) makes ammunition.
Instagram shminstagram. (Full HORSESHIT.)
Facebook could have bought IBC for 100 trillion. AND MORE.
I don’t understand why people play zynga games.
I don’t understand why people work when there’s all this free money to be made.
Investing would be a better waste of time at work than playing Farmville. If you play Zynga games at work, you know you’re going nowhere.
I’m not sure people are actually playing while at work.
People aren’t playing, but they are commenting on blogs instead?
I see….
YELP is a great service, but looking at the top ten places people “use” yelp (based off google search trends) the top 5 are SF Bay Area and SOCAL at #6, 7, 9 not even close as the second largest market. Does this lack of breadth concern you?
http://www.google.com/trends/?q=yelp
…*with SOCAL…
ok, ive been teary-eyed all day. mostly because i rubed perparation H into them(eyes). some of my pain was for not hedging, but im good at missing shit. the jobs numbers should of come on thrus or today. i dont know why they came when they did. but the benster said as much a week ago, but hidsite is …
Fly,
Isn’t the lock up period for Yelp expiring 4/11. What if any short-medium term repercusions does this represent? Seems to me that one might wait to buy (or wait to buy more) until a little after lock up? I do agree with your Yelp assessment. In addition, Yelp’s twisted sister, friend, Siri will assist in driving use. Apple has linked Siri results with Yelp’s… nice additive to more rapid adoption.
I am just a little concerned about adding before lock up expires… that is all. Your thoughts always welcome.
TH