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$FB said it anticipates lower advertising revenue growth rates in each successive quarters in 2016. Ad load on Facebook is expected to grow modestly over the next 12 months. Based on the updated view of the remainder of the year, $FB said it is tightening the expense guidance range; FY16 total GAAP expense growth is expected in the range of 30-35%.
$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.