Trump Media CEO Replaced After Stock Plunge Wipeout

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The parent company of Truth Social has replaced its chief executive after years of mounting losses and a stock collapse that erased billions in investor wealth.

In the latest sign of deepening trouble at one of the president’s many business ventures, Trump Media & Technology Group confirmed that Devin Nunes, the former Republican congressman who had led the company since 2021, is stepping aside.

Digital media executive Kevin McGurn will take over as interim CEO, the company added.

Strangely, for something as significant as a departing chief, it offered no reason for the change and gave no timeline for a permanent appointment.

https://www.thedailybeast.com/trump-media-ceo-replaced-after-stock-plunge-wipeout/">Read more at The Daily Beast.