Yelp's soaring stock: 3 takeaways

Many social-media companies are having a rough time on the stock market, but the reviews site Yelp is proving to be an exception

Yelp CEO Jeremy Stoppelman at the New York Stock Exchange on March 2.
(Image credit: AP Photo/Richard Drew)

This week, early investors in the online reviews site Yelp got a chance to finally sell their shares after a six-month "lockup" period that followed Yelp's stock market IPO. Shareholders braced themselves for a wave of sell-offs: After all, early investors in Facebook, the biggest social media company in the world, dumped their shares en masse after its lockup, causing Facebook's stock to plummet. However, Yelp's early investors held onto their shares — and the stock soared by 22.5 percent, bucking a slump for social media companies on the stock market. Here, three takeaways from Yelp's stellar stock performance:

1. Investors believe in Yelp

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