E374: Yelp surges up 23% after Q2 earnings – Launch Ticker News Flash brought to you by Bing!

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Yelp closed at $51.51 Thursday, up 23%, and nearly double its IPO price after better-than-expected earnings. Jason discusses its strong mobile showing, and how Facebook’s successful turnaround in ad revenue is rubbing off on other mobile-heavy products. Jason predicts that the road forward for Yelp will include: going head to head with restaurant-booker OpenTable, getting into delivery, and eventually closing transactions for on-demand services, a la Uber.

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