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Short messaging service $TWTR reported a narrower 4Q15 loss due to increase in ad engagements and rise in monthly active users. Net loss narrowed to $90.24MM or $0.13 per share from $125.35MM or $0.20 per share last year. Revenue grew to $710.47Bil from $479.08Bil, on continued advertising strength. Adjusted EPS increased to $0.16 from $0.12.
$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.