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-president

Donald 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.