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$BABA 1Q16 Call: Achieved 307MM monthly active users on BABA’s mobile commerce apps, a net increase of 18MM from March qtr. and up 63% YonY. Monetization on mobile revenue from China retail marketplaces was nearly RMB8Bil, up 225% YonY.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.