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$FB, the world's largest social network, said capex rose 34% to $692M in 4Q15. "We continue to invest in better serving our community, building our business, and connecting the world," $FB founder and CEO Mark Zuckerberg said. Free cash flow for the quarter doubled to $2.14Bil.
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.