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Yelp shares soar on market debut

Yelp IPO

Consumer review website Yelp Inc's shares traded more than 60 percent above their initial public offering price in their market debut on Friday, as investors rushed to buy a piece of the growing local advertising market... Yelp's shares were trading up 62 percent at $24.60 on Friday morning. At that level, the company is valued at about $1.43 billion -- about 17 times its 2011 revenue.

 

Google acts on 'paedophile' claim

The search giant agrees to remove a Google Places review that defamed a businessman, 18 months after it was posted.

Senh: This is a touchy area. I can see both sides of the argument. Google probably doesn't want to get involved with moderating reviews on Google Places, but they will have to because there's an uptick of unscrupulous businesses are going to their competitors' pages and writing fake negative reviews.

 

Yelp Makes Changes to Appease Small Business Owners

Small businesses have complained about how Yelp chooses and ranks reviews. Yelp is responding with changes to the site.

 

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