Former President Donald Trump is starting a social media network and streaming service called Truth Social and TMTG+, respectively, taking the companies public under Trump Media & Technology Group in a SPAC merger with Digital World Acquisition (NASDAQ: DWAC). Trump's headbutting with large media companies has been well-publicized, including his banishment from social media platforms like Twitter and Facebook (owned by Meta Platforms). Read More...
Reuters
3M posts nearly 5% fall in profit as supply chain snarls, costs bite
Net income attributable to 3M fell to $1.34 billion, or $2.31 per share, in the fourth quarter ended Dec. 31, from $1.41 billion, or $2.41 per share, a year earlier. In October, 3M had flagged that its transportation and electronics, and safety and industrial businesses were most impacted by the semiconductor shortage. The company, which caters to industries ranging from aerospace and automotive, has seen its demand for transportation products being hit due to lower production of cars.
