Trump Media CEO Devin Nunes Resigns

Trump Media, the parent company of Truth Social, announced that Kevin McGurn will serve as interim CEO as it attempts to navigate a period of severe financial instability.

The company's shares have tumbled nearly 60% over the last 12 months, reflecting growing skepticism about the long-term viability of the platform.

Donald Trump Jr., a board member, praised McGurn's ability to guide the business through its current challenges.

The leadership change comes as the administration faces increasing scrutiny over the president's private business interests while in office.