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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

Coronavirus: US economy sees sharpest contraction in decades

2020-07-30 15:44:09| BBC News | Business | UK Edition

The impact of the pandemic meant the annual rate of growth in the second quarter collapsed by 33%.

Tags: economy decades sees contraction

Whitetail Disposals Schmidt Sees Opportunity in Waste

2020-07-30 09:00:00| Waste Age

Mike Schmidt founded his company, Whitetail Disposal, Inc., with a pick-up truck in 2006. Today, as president and chief executive officer, he oversees more than 200 employees, while servicing more than 100,000 residential customers and almost 2,500 c

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Samsung improves margins on lower sales in Q2, sees gradual recovery in H2

2020-07-30 08:45:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics reported higher earnings for the second quarter, helped by continued demand for its memory chips as well as a one-time gain at its display business. This helped offset the slump in the smartphone market and overall weaker consumer demand in April and May. Samsung said it expects a gradual recovery in demand for mobile devices and consumer electronics in the second half of the year, helped by the launch of new products.

Tags: in sales lower samsung