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$PYPL said that in 1Q16, operating margin fell 70 BP vs. 1Q15. Excluding Zoom, margins rose demonstrating that the core business is performing well and $PYPL is able to control cost. CapEx was $133MM or approx. 5% of revenue. Free cash flow was $605MM representing $0.24 of free cash flow for every dollar of revenue.
Late realization to $T that it cannot compete in the unlimited data market with its existing plans! Its newly launched plans seem more reasonable.
Wow, the new $HPE Pro x2 612 G2. Finally, a Surface Tab you can use for business!
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!