CEO OF Trump Media Devin Nunes Gets REPLACED

The CEO of Trump Media & Technology Group, Devin Nunes, has been replaced.

The move to replace Nunes was announced by Donald Trump Jr. in a press release.

Nunes has been the company’s CEO for over 4 years, and before joining the company, he served as a California Congressman.

Devin Nunes was ousted from his role as CEO of Trump Media, the owner of Truth Social, after years of suffering financial losses. https://t.co/8h6qJtY1DF

— Washington Examiner (@dcexaminer) April 22, 2026

The New York Times reported more on Nunes’s departure:

President Trump’s social media company, which has consistently lost money and struggled with a flagging share price, announced Tuesday that it was replacing Devin Nunes as its chief executive officer.

The announcement offered no reason for the sudden departure of Mr. Nunes, a former Republican congressman from California. Mr. Trump had tapped him to run the company, Trump Media & Technology, in late 2021.

The announcement was made in a news release by the president’s eldest son, Donald Trump Jr., who is a company board member and oversees a trust that controls his father’s 115-million-share stake in Trump Media. President Trump is not an officer or director of the company.

Mr. Nunes said in a statement on Truth Social, which is Trump Media’s flagship product, that it was an “appropriate time” for a new leader with experience in media and mergers to “steer Trump Media through its current transition phase.”

Trump Media has incurred hundreds of millions in losses, and its shares have performed poorly since the company went public by completing a merger with a cash-rich special purpose acquisition company, or SPAC, in March 2024. The stock, which ended its first day of trading around $58 a share, closed Tuesday at $9.82.

Shares of Trump Media trade under the symbol DJT, which are President Trump’s initials. Truth Social has emerged as the main social media platform for Mr. Trump to communicate his policy decisions and opinions to the world.

Last year, Trump Media took in $3.7 million in revenue and recorded a $712 million net loss.

In December, Trump Media announced a plan to merge with TAE Technologies, a fusion power company. The all-stock deal, which was valued at $6 billion at the time, would create one of the first publicly traded nuclear fusion companies.

Kevin McGurn slated to temporarily replace Devin Nunes at Trump media company that operates Truth Social https://t.co/9iqpN41d6k

— John Solomon (@jsolomonReports) April 21, 2026

Just the News reported what Nunes’ future looks like:

Trump Media & Technology Group (TMTG) CEO and Chairman Devin Nunes is leaving the organization to prioritize his role on the President’s Intelligence Advisory Board, after catapulting the Truth Social platform into a global brand built on free speech, Just the News has learned.

Kevin McGurn, a veteran corporate executive, will take over leadership of the company on an interim basis, the company announced Tuesday evening.

Nunes, a former California congressman, played a crucial role in building Truth Social into a free speech platform during an era of Biden administration-driven censorship aided by Big Tech companies.

He led the company through the launch of Truth Social and long-delayed merger with                Digital World that saw it become a public company on the stock exchange. He has since    spearheaded efforts for the company to diversify, by investing in AI, nuclear energy, and                  cryptocurrency. He also helped launch a new streaming TV platform called Truth+.

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