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During the rest of 2016, $VNO will write off straight-line rent receivable balances of $9.7MM triggered by early termination of leases with J Crew and Rocket Fuel. This enables the company to sign new replacement leases for that space with mark-to-markets of 20% plus gap in cash. The new replacement leases are accretive increasing future EBITDA.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.