Despite significant deterioration of business fundamentals, Yelp (YELP) has seen its share price rise more than 30% year-to-date. Investors have bought into a growth story, however, that not only fails to produce profits, but has proven false in the past with growing losses, significant competition, and a highly overvalued stock.
Despite significant deterioration of business fundamentals, Yelp (YELP) has seen its share price rise more than 30% year-to-date. Investors have bought into a growth story, however, that not only fails to produce profits, but has proven false in the past with growing losses, significant competition, and a highly overvalued stock.
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