Yelp surges on Einhorn stake but some on social media are skeptical

By Amy Tennery and Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of Yelp Inc shot to a three-month high on Tuesday morning after hedge fund manager David Einhorn unveiled a new stake, but seesawing social media sentiment among active traders signaled skepticism about the business review site's longer-term prospects and Einhorn's prowess as a stock picker. In active mid-day trading, Yelp shares were up 3.3 percent at $22.25. Einhorn, the head of Greenlight Capital, said his firm made new investments in Yelp, according to the fund's first-quarter letter to investors, which was seen by Reuters.

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