If Linkedin can be worth $8.7 billion.Why not $3 billion for Yelp. No profit, no problem... as we see from Youtube and others. They eventually turn profit. It's about the number of users and frequency of usage.
That's why Facebook will jump to 200 when it IPOs. Is it justified, no. Will the bubble burst, yes. But if you're quick you can catch make a few bucks.
$50/59,000,000 shares = .0000000847 cents per shareI know its a brand new company that hasn't proved anything yet but I think it is worth more than that.