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Ron Josey of JMP Securities asks about sponsored content vs. promoting the content that users are generating. $TWTR said the company has an ad model that monetizes incredibly well. It works seamlessly with the live sports, politics and news as well as the live entertainment product.
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.