Now its time for World Business report. Two billion friends, soaring profits and a big thumbs up from wall street. But how much bigger can facebook grow . Plus made in america. President trump hails a 10 billion taiwanese investment as proof hes making a difference. But one critic calls the deal a corporate welfare package. Welcome to World Business report. Im ben bland. Also coming up charged up samsungs on track for record annual profits as it puts the Exploding Phones scandal behind it. We start in Silicon Valley where it seems there is no stopping the worlds biggest social network. Facebook has seen another huge jump in profits as Advertising Revenues keep on rising lets show you just how big. In the three months to the end ofjune, facebook made a net profit of 3. 89 billion. Thats a jump of 71 on the same period last year, and better than wall street was expecting. Injune the number of active monthly users crossed the two billion mark. That means more than one in every four people
Samsung Electronics said Wednesday sales of its latest Galaxy S series smartphones have exceeded 1 million units in Korea within just 28 days of their launch.
Samsung Electronics said Wednesday sales of its latest Galaxy S series smartphones have exceeded 1 million units in Korea within just 28 days of their launch.