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\n\tTrump Media and Technology Corp., which operates the social media platform Truth Social, has named Kevin McGurn as interim CEO to succeed Devin Nunes. <\/p>\n
\n\tMcGurn, a former executive at T-Mobile USA, Vevo and Hulu,\u00a0has been an advisor to the company since December, 2024.<\/p>\n
\n\tNunes, a former congressman, has served as CEO since the company\u2019s inception. In addition to Truth Social, the company operates the streaming service Truth+ and the financial services brand Truth.Fi.<\/p>\n
\n\tIn March, TMTG reported a $712 million loss on net revenue of $3.7 million. It reported assets of $2.6 billion.<\/p>\n
\n\tThe stock, operating with the symbol of the president\u2019s initials, DJT, closed at $9.82 on Tuesday, down 3.7%. Since Trump was reelected in 2024, it reached a high of $40.03 on Jan. 17, 2025.<\/p>\n
\n\tIn a statement, Donald Trump Jr. said, \u201cI want to thank Devin Nunes for his dedicated service to the Company over the past four years, and congratulate Kevin McGurn on his appointment as Interim CEO. Kevin brings deep experience across media, technology, and capital markets, as well as a strong understanding of Trump Media\u2019s operations and strategic priorities. His familiarity with the Company and alignment with our leadership team uniquely position him to guide Trump Media through this important period.\u201d<\/p>\n
\n\tThe company has, among other things, partnered with Crypto.com and, late last year, announced a merger with fusion power company TAE Technologies, with the deal expected to close in mid-2026. In February, they announced the potential spinoff of businesses including Truth Social.<\/p>\n<\/div>\n