News From Around The Web

Yelp announced today that it surpassed 100 million unique vistors on its site in January, marking the first time in Yelp history it has had that many uniques in a month. “That’s an all-time high for traffic to the desktop and mobile site and a clear indication that people are looking for local businesses and…

Yelp this afternoon posted better-than-expected Q4 revenues, but the stock is trading lower on a wider-than-anticipated loss for the quarter. Yelp reported Q4 revenues of $41.2 million, up 65% from a year ago, and ahead of the Street consensus at $40.3 million. But the online consumer reviews site lost 8 cents a share in the…

Business review website Yelp reported a wider fourth-quarter loss than analysts estimated Wednesday as it boosted spending on expansion into new markets.The net loss was $5.32 million (8 cents per share), the San Francisco company said. Analysts on average were projecting a loss of 5 cents, according to data compiled by Bloomberg. Revenue was $41.2…