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$BABA said it passed a milestone in 1Q17 in achieving higher monetization of mobile users than non-mobile users for the first time. Mobile monetization rate in 1Q17 reached 2.80%, surpassing the non-mobile monetization rate. Mobile MAUs in June hit 427MM, up 17MM over March 2016, while annual active buyers on China retail marketplace rose to 434MM.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.