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In the reverse spin off, $YHOO's assets and liabilities other than the $BABA stake would be transferred to a newly formed company, the stock of which would be distributed pro rata to $YHOO shareholders. The reverse spin off would result in two separate publicly-traded companies.
$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.