Jim Cramer Recommends Yelp Despite FTC Complaints
TheStreet's Jim Cramer thinks the complaints will not affect Yelp and the decline may be as a result of pressure on many tech companies that went public at the same time.
Yelp's stock is down on news the Federal Trade Commission is investigating over 2,000 complaints against the online review site. TheStreet's Jim Cramer points out a piece by a SunTrust analyst saying the number of complaints to the FTC are typical for any business. Cramer thinks the complaints will not affect Yelp and the decline may be as a result of pressure on many tech companies that went public at the same time. Cramer recommends Yelp long-term because it is a social, mobile and cloud play.
At the time of publication, Cramer was long ___.
