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$FB said 2Q16 total expenses were $3.7Bil, up 33%. The company ended the quarter with approx. 14,500 employees, up 32% YoverY. In the quarter, $FB added 900 employees, with the majority of them in technical functions. As of June 30, 2016, $FB said the company had over $23Bil in cash and investments.
$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!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.