One of Yelp Inc.’s largest investors thinks the user-review website’s shares could almost double and is prepared to launch a proxy fight if the company doesn’t follow its recommendations to improve performance.

SQN Investors LP, a technology-focused investment firm that says it owns more than 4 percent of Yelp, said in a presentation that the company could create significant value for investors either by fixing its problems or by selling itself.

 

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