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Yelp shareholder SQN seeks board overhaul

(Reuters) – SQN Investors LP, one of Yelp Inc’s top five shareholders, blamed the consumer review service company’s board for its underperformance on Monday and called for new independent directors to be appointed. SQN, which now owns more than a 4 percent stake in Yelp according to a letter it released, said that the board has failed to hold itself and the management accountable for Yelp’s “repeated strategic and operational missteps.”

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