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$PCLN said that it has agreed to invest an additional $500MM in $CTRP, China's leading online travel company, through a convertible bond. Including the new bond, $PCLN has invested about $1.9Bil in Ctrip's convertible bonds and ADS since 2014. After the issuance of new bond, $PCLN will own about 45.5MM ADS of Ctrip on a fully diluted basis.
$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.