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Brian Wieser with Pivotal asks about EBITDA margins, if guidance is as a percent of gross revenue or revenue ex-tax. $TWTR CFO, Anthony Noto says that in terms of margins and guidance EBITDA margins are on a gross basis and it's 25-27%. In 2015, the company achieved 25% EBITDA margins on a gross basis, up from 21% in 2014. On a net basis, it's 27%.
$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.