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Truth Social parent replaces CEO after stock plunge

techApr 22, 20261033

Trump Media & Technology Group, the parent company of Truth Social, ousted CEO Devin Nunes and named digital-media executive Kevin McGurn as interim CEO. The company’s stock has plunged about 67%, erasing roughly $6 billion in market value since its peak. Trump Media has lost more than $1.1 billion since launching two years ago, and McGurn said Truth Social will carry President Trump's "unique, singular vision and message" as he seeks to stabilize the business.

Key Highlights

Trump Media ousted Devin Nunes and installed Kevin McGurn as interim CEO
Company stock plunged about 67%, erasing roughly $6 billion in value
Trump Media lost more than $1.1 billion since launching two years ago
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