Are shaping up. And harnessing the power of sd printing in health care. We meet the firm thats revolutionising the way artificial limbs are made making them cheaper and easier for those who need them most. And as you are hearing. Like it or loath it facebook is bigger more profitable and more controversial than ever. What do you think about that . Has it got too much influence . Just use the bbcbizlive. Hello and welcome to Business Live. We start with facebook because despite the ongoing controversy over everything from fake news to extremist and violent content the Social Networkjust keeps getting bigger and more profitable. Facebook has been warning for some time it cant keep growing at this rate but the latest results show no sign of a slowdown. Facebook made profits ofjust over 3 billion in the first three months of this year. Thats a jump of more than 76 on the same period last year and more than investors were expecting. And it is creeping ever closer to two billion users 1. 91; billion people are now actively on the Social Media Platform every month, up 17 on this time last year. Its added 80 million new users over the past three months alone. Businesses want to reach that audience so badly that last year they spent almost 27 billion advertising on facebook. Thats more than was spent on adverts with any company in the world other than google. And the figure is expected to be well over 30 billion this year. Its not just advertisers that love facebook so do investors. This week facebook shares hit yet another all time high, this is how theyve done over the last five years, giving the company a Stock Market Value of about m40 billion. But amid growing criticism over content including fake news, as well as extremist and violent material, the company says it will hire 3,000 people to monitor and remove such posts. Raoul lumb is a Technology Lawyer with the law firm simons, muirhead burton. Good morning. Good to see you again. We have talked through the detail. The situation at the moment, at least for now, seems to be facebook is going better and further than a nalysts is going better and further than analysts expect, and yet it is a lwa ys analysts expect, and yet it is always warning us that in the next quarter, or even maybe in the next quarter, or even maybe in the next quarter things will slow down. Classic managing investor expectations, any business with those results in this quarter would have been delighted and it would have been delighted and it would have been a Success Story for facebook. All they ever say is will we sustain its next year . If you dig deeper, near to 2 billion active users, it all sounds very strong, what is behind the figure . The growth in facebook users has been markets outside the eu, canada and us, they are established markets, it has been asia pacific and what facebook describes as rest of world. Those are users under the age of 25 and that is the sector people say facebook is beginning to lose. And that is the sector people say facebook is beginning to losem that the users they want . The under 25 year olds . They are most likely to be moved by advertising on facebook . Is that the thinking . Perhaps, the problem facebook has is if it continually it acquires older users its user base drops away and facebooks Advertising Business is predicated on getting the most eye balls predicated on getting the most eyeballs in front of adverts as possible. If your user base declines than its revenues go down. What about the news it is hiring 3000 more people to try and help police the Social Media Site . I found it interesting that they need humans to do that and have not yet got the technology to do that for them. They will reluctantly hire 3000 moderators in the face of a number of outcries about content on facebook this year and have described it as a significant cost on business that will put the squeeze on revenues. But you are right, there are moves in facebook to get thatjob done, its an enormous investor in the field of Artificial Intelligence and that is something investors think might help it grow in the future. Artificial intelligence and the latest biggest event talked a lot about Artificial Intelligence and there is a lot of concern about the sheer volume of data they have on all of their users and what they might do with that. Quite right, there has been real concern that the sheer amount of Data Facebook has about facebook users gcioss Data Facebook has about facebook users across the various facebook channels that exist means they might be able to target adverts based on things like ones emotional state, if you are angry or sad. What facebook will need to do is increase the price people pay for an individual Advert Server becomes attention for facebook whether it is willing to allow that kind of targeting to businesses. At the moment facebook users are just handing over this information about ourselves absolutely for nothing really. And yet they are building huge value on all that data they hold. Will we get to a point where we can monetise our own data . Highly unlikely, if a service is free then you are the product, as they say and thats the case with facebook. There are thats the case with facebook. There a re m oves thats the case with facebook. There are moves in the European Union to give people greater control of their personal data but there is nothing in that raft of legislation that will undermine the Business Model of facebook significantly. Raoul lumb, good to talk to you, thank you for your analysis. Lets bring you up to date with the other business news. Theres been a huge rise in profits at one of the Worlds Biggest Oil companies shell. Earnings soared to 3. 8 billion. Analysts had been expecting a Strong Quarter thanks to higher oil prices. Chief executive Ben Van Beurden says there were notable improvements in its Extraction Business and chemicals processing divisions as well as better market conditions. The Australian Government has warned that mining giant bhp biliton could Face Criminal Charges if it tries to move out of the country, arguing it would be against the national interest. The activist investor Elliott Management wants bhp to be listed only on the London Stock Exchange instead of the current structure also involving sydney. Elliott says the change would allow the company to give more money to shareholders. The Sportswear Firm Adidas has reported bigger than expected profits for the first three months of this year. It made about 495 million thanks to strong growth in online sales and in North America where its battling nike for market share. The demand for products were strong gcioss the demand for products were strong across the world with the exception of russia. North america did particularly well for the firm. Lets talk in more detail about hsbc. Europes biggest bank is listed in hong kong as well as in london. It has big operations in asia and europe, it reported a 90 fall in profits for the first three months of this year. But here is the rub. The chief executive Stuart Gulliver called the figure is a good set of results. Why is that . Therefore in profits but they are a good set of results, explain that for us, sarah toms. As you said he is a happy man but it is good news of sorts, although it may not sound like it. Although as you said First Quarter profits fell to around 19 , that is just under 5 billion for the first three months of the year. This is much better than analysts expected and hsbc itself says the fall was mostly and hsbc itself says the fall was m ostly d own and hsbc itself says the fall was mostly down to accounting changes and also the fact that last years results including earnings from its business sold injuly last results including earnings from its business sold in july last year. Also, its pre tax profits have actually gone up 12 in the First Quarter to nearly 6 billion us dollars. These results gave hsbcs share price in hong kong a bit of a boost today, shares rose about 2 after the announcement, and finally the Company Seems to be moving from restructuring to growth. But shareholders must not get too excited as they are not likely to see any extra payments. Hsbc says it will hold its dividend steady for now. Sarah, good to see you, thank you for explaining that. Ignore the nikkei logo you saw on the screen because its closed for the second day of a holiday so those figures are from early on the week. I have put brent on there because of shell, oil prices above 50 part of the reason why shell have done better, 3. 1; billion. Analysts expected the figures to be pretty good after oil prices started rising. Down 1 on the day. I want to show you what happened in the United States, the dowjones pretty happened in the United States, the dow jones pretty flat happened in the United States, the dowjones pretty flat after the us fed held Interest Rates unchanged, investors wading through a whole raft of other earnings. This is what europe is doing at the moment, remember, we get an update on the services sector, the latest pmi data. In the uk forecasts for two 54. 7 from the previous reading of 55, it still accounts for three quarters of the uk economy so its pretty important. We will also get figures from elsewhere across europe, all of this after a bounce backin europe, all of this after a bounce back in manufacturing in construction. We will get the pmi for spain, italy and france and germany, so those are ones to watch closely. As promised, lets head to the United States and Samira Hussein has the details about the day ahead on wall street. There has been much talk by President Trump about the countrys Trade Deficit numbers. On thursday the Us Commerce Department will likely report new numbers that show that americas Trade Deficit actually widened. Now, that is surely going to get some attention from the president s twitter account. In Earnings News the Worlds LargestBrewer Anheuser busch inbev will report earnings. And the focus will be on brazil were volumes have been falling for the last two years. They will also be a focus on its largest market, the United States, which could have also had a bit of a soft start to the year. And finally, if youve played farmville all words with friends, well then you are probably part of the reason why the company that created those two games, zynga, will see a rise in revenue for the last quarter. Investors are going to be looking at the new games zynga may have up its sleeve. Sorry, we were just chatting. James quinn, Group Business editor of telegraph media group. We were chatting about so many results out this morning. First, shell. Goodies, the oil prices up 55 shell. Goodies, the oil prices up 5596 in shell. Goodies, the oil prices up 55 in the First Quarter so that has been a factor good news. 55 in the First Quarter so that has been a factor good news. The bg group . The acquisition in the Third Quarter last year, they have taken costs out of that so it is good news and good numbers for shell. Overall bp and shell, all good news relatively speaking. Relatively good, all eyes to see when it will list and all eyes to the market and who will be in charge. We have talked about hsbc. I want your take on it. We talked about sarah in new york but its been tough for the big banks, we have had all of this change in regulation, Investment Banking isnt as big as it was. These numbers dont look as good as this time last year. The numbers this time last year. The numbers this time last year. The numbers this time last year included the sale of their brazilian arm so they we re sale of their brazilian arm so they were a little inflated as it were. It is hard for a backlight hsbc but it has such a massive reach All Around The World and has a good mix of retail and Investment Banking. Is it hard . Of retail and Investment Banking. Is it hard . Yes of retail and Investment Banking. Is it hard . Yes but if youre doing it right you can make it work. Teslas results were out yesterday. They are selling more cars. It is not making a profit, as you say, but it says it will meet the deadline ofjuly to get the mass market model out there. Thats right. As you say, the magic of musk. If you are an electric car geek you want him to succeed and wa nt to geek you want him to succeed and want to see those products mass market, clearly to date they have been expensive and only for the privileged few. Now you can get the mass market out there, thats the big question. Can he get products out on time and will they work . What ifind phenomenal about out on time and will they work . What i find phenomenal about his company, he keeps seemingly breaking records, the fact it has a market value bigger than ford now. It is a lot of hope over reality. There was a point whereby this is a good buy to the old car makers and hello to the likes of tessalit and others, or is it just the likes of tessalit and others, or is itjust the magic of musk . Tesla. We will delve more deeply into that later and talk about facebook again because we are asking whether it has too much power, all these new users being signed up, record ad revenue. Dev says ive never signed up to facebook, nor do i use it . Does it have too much influence . Yes. Clearly not on your life. I used to wa ke clearly not on your life. I used to wake up with the paper and now i wa ke wake up with the paper and now i wake up with the paper and now i wake up with the paper and now i wake up with twitter and facebook in bed. Keep your comments coming in. Still to come, harnessing the power of 3d printing. We are going to meet the firm revolutionising the way Prosthetic Limbs are made, using that to make them cheaper and easier for the people that need them. Youre with Business Live from bbc news. Pelle another set of disappointing Trading Figures for the housing giant, next in the uk. Like for like sales fell by 3 . It has forced next to lower its expectations. Theo leggett is in our newsroom. How bad is it . Just look at the reaction from investors. Nexts share price has been down around 6. 5 . Although the markets were braced for pretty disappointing results from next, they reported full year earnings down to the first time in eight yea rs down to the first time in eight years back in march and they said there were problems, this was worse than expected, and particularly bad in its high street business. Sales in its high street business. Sales in its high street business were down 8 . So the overall figure was only bumped up by the fact its catalogue and online division, next directory, is actually doing rather well and saw a 3. 3 boost to its sales. 0verall well and saw a 3. 3 boost to its sales. Overall the picture is high street sales sharply down, profits this year expected to be down, guidance for the next quarter not great. Next is doing something wrong. The chief executive has already given an indication of what it has been doing wrong. He said earlier this year things had been getting a bit too racy. It had been investing too much in new and trendy and exciting fight rinds and neglecting the stable items like blouses and shirt is that people have been coming in to get the years so have been coming in to get the years so that is what the problem is. Interesting. Next among the many companies, but not all bad from retail. Morrisons, the live page there on the Business Live page. All of the Business Data that has come through, Morrisons Reporting its sixth consecutive quarter of sales growth. With a rise that came in more than double what analysts were forecasting, particularly prominent in the north of england, we should say, it is my local when i am at home. It has now got its deal to sell groceries through amazon which could be a big boost. Next we have mentioned it is not doing well at all. The oh talk about that. Punch taverns also coming up with disappointing news. Rangel doing very well but Punch Taverns suffering a slowdown with a fall of 1. 296 in suffering a slowdown with a fall of 1. 2 in the First Quarter. Adidas soaring and shell doing well. Youre watching Business Live our top story facebook nears two billion users and profits have jumped to just over 3bn in the First Quarter thats up 76 rise on last year. A quick look at how markets are faring. In europe, facebook shares went down in after hours trade on wall street. Those figures as g