Yelp Isn't Worried at All by Priceline's Intrusion Into Local With OpenTable Buy
Skift Take
Without a doubt, Yelp, which marks its 10th year this summer, is in play regardless of how company officials seek to downplay all of the merger and acquisition activity swirling around them.
In the second quarter, Yelp recorded a $2.74 million profit, its first in more than two years as a public company.
On potential looming challenges, CEO Jeremy Stoppelman said the company's focus is unchanged following Priceline's acquisition of OpenTable, which provides restaurant reservations services to Yelp.
"I think both we and, as far as I know, OpenTable/Priceline continue to be happy with the relationship that we've got," Stoppelman said during Yelp's second quarter earnings call. "And so that continues on, and we continue to book lots
