Cramer: Why Yelp Is Long-Term Play Despite FTC Complaints

NEW YORK (TheStreet) -- Yelp  (YELP) has dropped on news that the Federal Trade Commission has received more than 2,000 complaints about the online review site since 2008.

But TheStreet's Jim Cramer points to a SunTrust piece that says not to worry about the FTC's investigations because they are typical of any business that receives negative reviews. Cramer thinks the news will not affect Yelp, and that the decline is partially a result of pressure on tech companies that went public during this time period.

Cramer recommends Yelp as a social, mobile and cloud play for the long term because it has a great business model.

Must Watch: Jim Cramer Recommends Yelp Despite FTC Complaints

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

YELP Chart

YELP data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2