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In July 2015, $FOXA invested about $150MM in cash for a minority equity interest in DraftKings, Inc. $FOXA accounts for this investment at cost. Contemporaneous with the investment, DraftKings committed to spend a minimum of $250MM for media placements on $FOXA's properties through Dec. 2017.
$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.