April 4, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Yelp Inc (NYSE:YELP) shares over potential securities laws violations by Yelp Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Yelp Inc (NYSE:YELP) concerning whether a series of statements by Yelp Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Yelp Inc reported that its annual Total Revenue rose from $137.57 million in 2012 to $232.99 million in 2013 and that its respective Net Loss declined from $19.11 million in 2012 to $10.07 million in 2013.

Shares of Yelp Inc (NYSE:YELP) grew from $17.72 per share in late 2012 to as high as $98.04 per share in March 2014.

On April 2, an article stated that according to a spokesperson for Yelp Inc the company receives roughly six subpoenas monthly, some of which seek the names of anonymous users. On the same day the Federal Trade Commission (FTC) disclosed on its website that it received 2,046 complaints about Yelp Inc from 2008 through March 4 of this year, noting that its disclosure was part of a Freedom of Information Act request.

Shares of Yelp Inc (NYSE:YELP) declined from $81.24 per share on April 2, 2014, to $64.92 per share on April 4, 2014.

On April 4, 2014, NYSE:YELP shares closed at $65.76 per share.