COURT-RULING ·Filed Jun 30, 2026

YELP

YELP INC
BULLISH
Impact 6/10
Horizonmonths Processed2mo ago CourtView Ruling on CourtListener
Court ruling (district)
Actionable Insight ▲ Bullish

Yelp's antitrust case against Google gains significant momentum as key market definition and monopoly power issues are now settled through 2024. Monitor Google's appeal of the underlying DOJ ruling and any generative AI market shifts that could affect post-2024 arguments. Trial likely in 2027+.

DirectionBullish
Confidencehigh
Horizonmonths
Final — all horizons settled through T+60d
YELP ▼ -27.69% at T+60d
LONG call ✗ call lost -27.69% · α vs SPY -31.25% · entry $24.52 → $17.73
Entry anchored
Jun 29, 03:59 PM ET
via exchange tick
T+1d
+7.06%
call +7.06% · α +7.19%
$26.25
settled 3mo ago
T+5d
+7.42%
call +7.42% · α +6.82%
$26.34
settled 3mo ago
T+20d
+7.71%
call +7.71% · α +8.74%
$26.41
settled 2mo ago
T+60d
-27.69%
call -27.69% · α -31.25%
$17.73
settled 10d ago

Price Chart

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Executive Summary

Yelp won partial summary judgment in its antitrust case against Google, with the court granting issue preclusion on the general search services (GSS) market definition and Google's monopoly power in GSS through August 5, 2024, based on the DOJ's prior victory. The court denied preclusion on the search advertising market. This procedural win strengthens Yelp's case by narrowing disputed issues for trial.

Court Ruling Details

Ruling Date
Jun 30, 2026
Court
United States District Court for the Northern District of California
Court Level
District
Judge
Susan Van Keulen
Case Type
antitrust
Ruling Type
summary judgment
Outcome
PARTIAL — mixed ruling, some claims won/lost
Will It Be Appealed?
Likely
Appeal Timeline
1-2 years for circuit appeal; Google has appealed the final judgment in U.S. v. Google
Precedent Risk
MEDIUM

Key Facts

  • Court granted issue preclusion on GSS market definition and Google's monopoly power in GSS through August 5, 2024.
  • Court denied preclusion on the 'search advertising' market definition.
  • Yelp's motion for partial summary judgment was granted in part and denied in part.
  • Preclusion is limited to findings from the Google Liability decision (Aug 5, 2024), not the Remedies phase.
  • Yelp is permitted to file one further summary judgment motion by November 17, 2027.
  • Google's pending appeal and Seventh Amendment arguments did not bar preclusion.

Financial Impact

No damages awarded; ruling strengthens Yelp's antitrust claims, which seek treble damages under the Clayton Act. Potential exposure for Google is material but not quantified in this order.

legal exposurecompetitive dynamics

Risk Factors

  • Google's appeal of the DOJ ruling could vacate the underlying findings, potentially undoing preclusion.
  • Generative AI developments after August 2024 may erode Google's monopoly power, limiting the preclusion's practical value.
  • Jury trial on remaining issues (tying, damages) introduces uncertainty.

Market Snapshot

Exchange
NYSE
Sector
Services-Personal Services
Analyst Consensus
13% bullish (16 analysts)

Investment Themes

Services

Documents Analyzed

This report is based on 1 court opinion from CourtListener.

DocumentAccession Number
COURT-RULING Data (Synthetic)court-f1ea4d2695-YELP
16 reports for YELP
Performance horizon
Filters
Rows
Reports for YELP — sortable, filterable
TypeNow
Sep 10, 2026
23d ago
Court Ruling
NEUTRAL ★ 2/10
$20.95 $20.27▼ −3.25%▼ −2.75%$18.26 (−12.84%)
Aug 24, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$23.83 $22.35▼ −6.21%▼ −6.68%$18.26 (−23.37%)
Jul 6, 2026
12w ago
Insider Cluster
NEUTRAL ★ 2/10
$26.34 $25.81▼ −2.01%▼ −2.50%$18.26 (−30.68%)
Jun 30, 2026
13w ago
Court Ruling
BULLISH ★ 6/10
$24.52 $26.34▲ +7.42%▲ +6.82%$18.26 (−25.53%)
Jun 9, 2026
16w ago
Insider Cluster
NEUTRAL ★ 3/10
$24.28 $23.30▼ −4.04%▼ −7.47%$18.26 (−24.79%)
Jun 9, 2026
16w ago
Insider Cluster
NEUTRAL ★ 2/10
$24.28 $23.30▼ −4.04%▼ −7.47%$18.26 (−24.79%)
Jun 9, 2026
16w ago
Insider Cluster
NEUTRAL ★ 3/10
$24.28 $23.30▼ −4.04%▼ −7.47%$18.26 (−24.79%)
Jun 9, 2026
16w ago
Insider Cluster
NEUTRAL ★ 2/10
$24.28 $23.30▼ −4.04%▼ −7.47%$18.26 (−24.79%)
Jun 9, 2026
16w ago
Insider Cluster
NEUTRAL ★ 2/10
$24.28 $23.30▼ −4.04%▼ −7.47%$18.26 (−24.79%)
Jun 9, 2026
16w ago
Insider Cluster
NEUTRAL ★ 2/10
$24.28 $23.30▼ −4.04%▼ −7.47%$18.26 (−24.79%)
Showing 10 of 16

US Market Status

Market Closed — Opens Mon (34h 7m)

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