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Yelpers Sue Yelp Claiming They're 'Unpaid Writers'

[Photo: Michael Dorausch] Should Yelpers be compensated for their reviews like actual, professional writers? A group of Yelpers have filed a California class action lawsuit against the site, claiming that they are actually unpaid employees and legally deserve pay for their work, TechDirt reports. Plaintiffs are seeking "just compensation of wages, benefits, and reimbursement for…
Posted inNews From Around The Web

Yelp takes a hit on $250 million share offering

- 20 hours ago @ marketwatch.com: Yelp's (NYSE:YELP) shares slid nearly 6% in after-hours trading, with much of the decline coming after the company announced plans to sell an additional $250 million in stock for additional “working capital” for the money-losing online review service.- 5 hours ago @ thestreet.com: NEW YORK (TheStreet) -- If you're a long-term…
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Wall Street retreats slightly ahead of Fed announcement

11:34 am by Deborah Bacal This morning, ADP reported that private sector employment gains slowed down in October, as employers added 130,000 jobs, compared to expectations of 138,000, according to Bloomberg. ADP also revised September's gain to 145,000, down from 166,000 previously. U.S. stocks pulled back from earlier gains Wednesday as investors exercised caution ahead…
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LinkedIn, Yelp weigh on techs; Facebook rises

- 11 hours ago @ marketwatch.com: SAN FRANCISCO (MarketWatch) — Facebook Inc. shares closed with a small loss Wednesday, despite an upgrade and ahead of its earnings report, as LinkedIn Corp. and Yelp Inc. tanked on the social-media companies' results. Facebook (NASDAQ:FB) ...- 1 day ago @ marketwatch.com: Investors hoping to buy shares of Twitter next week should…
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Yelp reviewers are suing to get paid

- 1 day ago @ fastcompany.com: A group of hard-working Yelp reviewers think they deserve minimum wage (at least!) for all the free labor they have put into judging local establishments, and have filed a class action lawsuit against the review site. Reading through their reviews ...- 1 hour ago @ eater.com: According to the suit, Yelp…
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Should I Buy Yelp Stock? 3 Pros, 3 Cons

- 5 hours ago @ thestreet.com: NEW YORK (TheStreet) -- If you're a long-term investor in Yelp , you should be applauding the company's move to send the stock lower Tuesday. As part of the company's earnings, Yelp announced it would be doing a secondary offering, raising about $250 million in Class A common stock to…
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Facebook rallies, but LinkedIn, Yelp slip

- 1 day ago @ marketwatch.com: Yelp reports $2.3 million loss, but sales increase. 0 Comments. Tweet. new. Watchlist Relevance. LEARN MORE. Want to see how this story relates to your watchlist? Just add items to create a watchlist now: X Add. Yelp Inc. (YELP). Add. Create Watchlist- 15 hours ago @ marketwatch.com: SAN FRANCISCO (MarketWatch) —…
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Why Yelp Is Smart to Send the Stock Lower

- 21 hours ago @ thestreet.com: Updated from 4:16 p.m. to include updated share price and news of secondary offering.NEW YORK (TheStreet) -- Yelp shares fell 5.4% to $65.10 despite third-quarter revenue that beat Wall Street estimates, and the company raising 2013 revenue guidance. The company also announced it would be doing a secondary offering, as…