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Greg Badishkanian of Citi asks about the main driver of the QSR industry slowdown. $WEN said the price gap between food-away-from-home and food-at-home is the biggest driver. There has been less wage growth while cost of living has increased. There is also tightening of disposable income. It is important to provide value-added offers.
$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.