Former President Donald Trump has plans to launch his own social media network, TRUTH Social, to compete with Silicon Valley

'We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced,' Trump said

The network will launch in early 2022 under a merger between Trump Media & Tech Group and Digital World Acquisitions Corp

The merged companies will also launch a subscription video service 

It comes as Twitter and Facebook faced backlash for banning Trump following the January 6 Capitol Hill riot