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Trump’s social media platform hits roadblocks as major political battle looms

‘Truth Social’ purportedly plans to challenge Twitter and Facebook, platforms that have banned or curbed the ex-presidentDonald Trump’s plan to launch “Truth Social”, a special purpose acquisitions backed social media company, early next year may have hit a roadblock after US regulators issued a request for information on the deal on Monday.The request from the SEC and the Financial Industry Regulatory Authority for information from Digital World Acquisition Corp (DWAC), a blank-check SPAC that is set to merge with Trump Media & Technology Group, comes as a powerful Republican congressman, Devin Nunes, announced he was stepping out of politics to join the Trump media venture as CEO. Continue reading…
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Written by: Edward Helmore