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Yelp Stock Climbs After Einhorn Built Stake

NEW YORK (TheStreet) -- Yelp (YELP - Get Report) stock is increasing by 3.35% to $22.23 in early-morning trading on Tuesday, after David Einhorn's Greenlight Capital reportedly built a stake in the online reviews website.

Greenlight believes that Yelp can double its revenue by 2019, according to a letter to investors, Bloomberg reports.

Yelp is moving its sales force to cheaper locations and providing additional reporting tools to customers, which should fuel growth, the hedge fund contended. The company could be acquired if the board was interested in a deal.

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