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$LM said it agreed to combine its hedge fund platform Permal with EnTrust Capital, a leading hedge fund investor. This will create a new global alternatives firm with over $26MM in pro-forma AUM and total assets of $29Bil. $LM will own 65% of EnTrustPermal, with 35% being owned by Gregg Hymowitz, EnTrust's Co-founder & Managing Partner.
$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.