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$YHOO said it expects 2Q16 GAAP revenue in the range of $1.05-1.09Bil and traffic acquisition costs (TAC) of approx. $240MM. Revenue ex-TAC is expected to be in the range of $810-850MM and adjusted EBITDA in the range of $135-155MM. The company expects non-GAAP operating income in the range of negative $5MM to positive $15MM.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.