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Einhorn's Greenlight Buys Yelp, Takes Macro Bet on Natural Gas

David Einhorn’s Greenlight Capital built a stake in Yelp Inc., betting that the mobile app company can double its revenue by 2019, according to a quarterly letter to investors.

“The stock has suffered due to missed expectations and anxiety about an upcoming negative documentary," the New York-based hedge fund wrote in the letter obtained by Bloomberg. Yelp shares...