Truth Social leadership shake-up: Kevin McGurn steps in amid stock collapse
AP News
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The Trump business behind Truth Social is replacing a former congressman and big supporter of the U.S. president as leader of the social media platform after a stock collapse in the past year.
Devin Nunes, a former California congressmen in Donald Trump’s first term, is being replaced temporarily by digital media executive Kevin McGurn as chief executive officer.
The company, Trump Media & Technology, didn’t give a reason for Nunes leaving.
After soaring following Trump’s re-election in November 2024, stock in the company plunged 67%, wiping out more than $6 billion in investor wealth.
Trump Media CEO Devin Nunes exits
- Trump Media CEO Replaced After Stock Plunge Wipeout Daily Beast —
- Devin Nunes Departs Trump Media After 4 Years as C.E.O. The New York Times —
- Trump media company replaces CEO, ex-congressman Nunes after stock plunge ABC News —
- Trump Media CEO Exits Abruptly. This Is What His Successor Faces. Barrons —
- Trump’s Media Company Names Kevin McGurn Its Interim CEO As Devin Nunes Exits Deadline —