Trump Media CEO Devin Nunes exits

The abrupt departure of Devin Nunes comes as Trump Media faces mounting financial losses and intense market skepticism.

During his four-year tenure, the company's share price floundered, leading Nunes to state that it was an 'appropriate time' for a leadership change.

Kevin McGurn takes over at a critical juncture as the platform struggles to maintain its user base and justify its valuation.

The leadership shake-up is the latest sign of deepening trouble for one of the president's primary business ventures since his return to office.