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
Territory. We will have a look at the markets later. And piggy backing a mobile network. Well be looking at the growing trend of Virtual Network operators and ask whos winning the consumer or the company . And as facebook earnings surge 71 and its number of friends swell to over 2 billion, today we want to know are you a facebook Friend Or Foe and why . Let us know. Just use the hashtag bbcbizlive. I have just sent to a Friend Request, i hope it will be accept it hello and welcome to Business Live. 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 fo