Yelp CEO Jeremy Stoppelman: Silicon Valley has 'lost its purpose'

Yelp CEO Jeremy Stoppelman talks with Recode's Kara Swisher about the phenomenon of techlash and why people are just now "waking up" to Silicon Valley's dark side. Stoppelman's company has feuded for years with its much larger rival Google, which Yelp says has unfairly weighted local search results to its own product. He says the Google of 2004 would laugh at how the company does business today, and praises the new regulations being brought against tech giants by the EU. However, Stoppelman suggests he's not optimistic about U.S. lawmakers taking similar action, even though scrutiny of the big companies seems to have united Democrats and Republicans for once.