Trump preparing order targeting social media protections

President Donald Trump is preparing to sign an executive order Thursday aimed at curbing liability protections for social media companies, two days after he lashed out at Twitter for applying fact checks to two of his tweets.

Trump had threatened social media companies with new regulation or even shuttering on Wednesday, lashing out at the new policy he believed interfered with his political messaging, but he alone can’t do that.

The proposed order would direct executive branch agencies including the Federal Communications Commission and the Federal Trade Commission to study...