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$GRPN 2Q15 Call: Gross profit was $337MM or about flat to 2Q14, had it not been for a $28MM FX headwind. Gross profit was negatively impacted by a significant increase in order discounts, as order discounts are reported as a reduction to billings rather than as a marketing expense. Adjusted EBITDA was $61MM compared to $60MM in 2Q14.
$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.