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.

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 that wiped out billions in investor wealth.

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 or provide a timeline for his permanent replacement.

After soaring shortly before Trump’s re-election in November 2024, stock in the company plunged 67%, wiping out more than $6 billion in investor wealth.

  • nkat2112@sh.itjust.worksEnglish
    4·
    3 hours ago

    Who would have thought that Pedophile Trump would lose $6 billion in investor wealth so quickly? Do you suppose a particular bovine with mischievous tendencies might be behind this misdeed? Or was it the farmer’s fault?

    Likely the latter.

    I deleted my Twitter account years ago at, or shortly before, Space Karen started Sieg Heiling. So I haven’t been able to follow up on things there - but I hope the cow is doing fine.