Well, this is a far cry from what happened with Facebook and Angie's List. Yelp (YELP +24.4%) is...


Well, this is a far cry from what happened with Facebook and Angie's List. Yelp (YELP +24.4%) is skyrocketing on lockup expiration day, as shorts who profited during the company's recent selloff rush to cover. 5M shares have already been traded, or more than 5x Yelp's average daily volume. It looks as if the handful of VCs and insiders who own nearly 85% of outstanding shares aren't in a hurry to sell, at least for now. (earlier)

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Comments (6)
  • User 509088
    , contributor
    Comments (1703) | Send Message
     
    tomorrow, however, once the shorts are nicely creamed...
    29 Aug 2012, 12:16 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Now insiders ought to sell. (+25%)
    This was always a possibility with such a low float.
    29 Aug 2012, 12:16 PM Reply Like
  • Joe Razorback
    , contributor
    Comments (280) | Send Message
     
    I wonder if this will affect how the big November FB lockout will go??
    29 Aug 2012, 12:48 PM Reply Like
  • Vitamin
    , contributor
    Comments (10) | Send Message
     
    Take THAT, infidels!
    29 Aug 2012, 01:23 PM Reply Like
  • The Analyst Hub
    , contributor
    Comments (54) | Send Message
     
    Want to know whats up with yelp. Here it is http://bit.ly/NCJnlo
    29 Aug 2012, 04:08 PM Reply Like
  • LongYelp
    , contributor
    Comments (2) | Send Message
     
    I am an amateur trader. I buy what I know, so being an Internet Marketer/Advertiser/Pu... I understand the business model. Also, am I the only person who sees easy money in Tech IPOs (Hyped)? Pass on the IPO, let it drop and at around a 50% discount go in and buy. I even made money on FB..In at 19.15, out at out at 19.29. Not a huge profit, but not bad either. Better than my cousin who bought the IPO and is waiting, oops, I don't see FB doing anything as 'FB' long term (10, 20, 30 years) Twitter has more of a 'buzz' than FB does right now...I don't see FB as it is now being a major player even 3-5 years from now, BUT who knows what they will do. The social space is ever changing and the FB ad model must change, the ROIs suck compared it's competitors.

     

    Best to All.
    29 Aug 2012, 06:14 PM Reply Like
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