Devin Nunes is out as Trump Media CEO after 4 years — and the company's revenue came in 99.8% below what investors were promised
Devin Nunes is departing as CEO of Trump Media & Technology Group after four years, with Kevin McGurn taking over on an interim basis. The company's revenue was $3.68 million, 99.8% below the $1.843 billion projected for 2025.
Trump Media & Technology Group is changing leadership amid growing business pressure and investor concerns. Devin Nunes is stepping down as CEO after four years, with Kevin McGurn taking over temporarily. Nunes led the company since January 2022, shortly before the launch of Truth Social. The company's revenue was $3.68 million, a $712 million net loss, and 99.8% below 2025 projections. Shares have fallen around 67% since November 2024, wiping out over $6 billion in market value. Donald Trump Jr. thanked Nunes for his service and praised McGurn's experience in media, technology, and capital markets.
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