Facebook Is Coming After Yelp Now

Facebook (NASDAQ: FB) has unveiled a new app today called Local, which is essentially a rebranded version of the Events app that the social network launched last year. Events listed various types of local events that users may be interested in, while integrating with many popular calendar services. The app never really caught on, but Facebook is giving it a new lease on life with an overhaul.

In no uncertain terms, Facebook Local is taking a shot at Yelp (NYSE: YELP).

Facebook's new Local app adds local listings for businesses. Image source: Facebook.

Source: Fool.com