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$PYPL's transaction and loan losses increased by 43% in the three months ended March 31, 2016 compared to the prior-year period. Transaction losses were $157MM in the three months ended March 31, 2016, up 47%. Loan losses relating to loans receivable portfolio were $98MM in the three months ended March 31, 2016, up 38% from the prior year.
$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.