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Facebook doubles profit on strong growth in user numbers during Q2, sees pressure for ad revenue

2020-07-31 11:37:00| Telecompaper Headlines

(Telecompaper) Facebook doubled its net profit in the second quarter amid continued high engagement on its network amid the covid-19 pandemic, even as revenue growth slowed to 11 percent. The company noted however that it was seeing signs of normalisation in user growth and engagement as lockdown measures ease in some parts of the world, particularly in developed markets where the company's penetration is higher. The company expects the daily and monthly user growth to sequentially flatten or even decline in the third quarter as shelter-in-place measures restrictions continue to lessen.

Tags: user strong numbers growth


Amazon lifts revenues, doubles profit in Q2

2020-07-31 08:58:00| Telecompaper Headlines

(Telecompaper) After saying earlier that profits might suffer in the second quarter amid investments related to covid-19 pandemic, Amazon has reported a doubling of its operating and net profit, with revenues up 40 percent. 

Tags: amazon profit revenues doubles


Nestlé Waters North America Expands Use of 100% Recycled Plastic (rPET) in Three Additional Brands, Doubles rPET Use across U.S. Domestic Portfolio

2020-07-17 09:00:00| Waste Age

Ozarka, Deer Park and Zephyrhills join Poland Spring in using 100% rPET bottles in multiple sizes. All Nestlé Waters North America U.S. domestic packaging continues to be 100% recyclable.

Tags: us use additional north


Grace Doubles LUDOX Colloidal Silica Capacity with European Plant Opening

2020-07-02 21:03:00| Coatings World Breaking News

W. R. Grace & Co. is a global leader in specialty silica.

Tags: opening european capacity plant


Burgeoning MNO DISH doubles down on O-RAN with Altiostar

2020-07-01 02:00:00| Total Telecom industry news

    DISH is in the process of creating a mobile network that will be the first of its kind in the US, using open architecture to build outs its standalone 5G network. The creation of a cloud-native 5G network will allow them to work with a whole host of software specialists…read more on TotalTele.com »

Tags: with dish doubles burgeoning


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