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
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promise to build this lcd manufacturing facility. it was a major reversal from this flashy white house announcement back in 2017. it s a great day for american workers and manufacturing and for everyone who believes in the concept and the label made in the usa. the company s initial investment of more than $10 billion will create 3,000 jobs at a minimum with the potential for up to 13,000 jobs in the very near future. the construction of this facility represents the return of lcd electronics and electronic manufacturing to the united states, the country that we love. cnn s christina aleshi is with us. you guys were reporting earlier this week that foxconn was going back on its promise of creating
project counted by president trump may miss the mark on the president s promise of bringing manufacturing jobs back to the u.s. foxconn was lured to wisconsin with expensive incentives and platitudes from the president. this is a great day for american workers and manufacturing, and for everyone who believes in the concept and the label made in the usa. [ applause ] the company s initial investment of more than $10 billion will create 3,000 jobs at a minimum with a potential for up to 13,000 jobs in the very near future. the construction of this facility represents the return of lcd electronics and electronic manufacturing to the united states. the country that we love. well, now, that company that got the red carpet treatment
manufacturers and for everyone who believes in the concept and the label made in the usa. the company s initial investment of more than $10 billion will create 3,000 jobs at a minimum with the the potential for up to 13,000 jobs in the very near future. the construction of this facility represents the return of lcd electronics and electronic manufacturing to the united states, the count are try thcountry that we love. last summer the president traveling to wisconsin for the ground breaking of that new facility. something that fox con, in return, received billions of dollars worth of incentives for from the state. fast forward now to today and it appears fox con has had a slight change of plans. kaitlyn collins is at the white house. what happened here?
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