” (AP) SAN FRANCISCO – Yelp’s (YELP) early backers apparently still have a high opinion of the online business review service, much to Wall Street’s relief, after insiders at several other Internet companies dumped some of their shares at the first opportunity.
A Wednesday increase of more than 22 percent n Yelp’s stock price signaled the company’s major shareholders are holding on to their stakes instead of seizing on a chance to reap the gains that have accumulated from investments made before the 8-year-old service went public in early March.”
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