1 month ago
Trump Media and Technology Corp., which operates nan societal media level Truth Social, has named Kevin McGurn arsenic interim CEO to win Devin Nunes.
McGurn, a erstwhile executive astatine T-Mobile USA, Vevo and Hulu, has been an advisor to nan institution since December, 2024.
Nunes, a erstwhile congressman, has served arsenic CEO since nan company’s inception. In summation to Truth Social, nan institution operates nan streaming work Truth+ and nan financial services marque Truth.Fi.
In March, TMTG reported a $712 cardinal nonaccomplishment connected nett gross of $3.7 million. It reported assets of $2.6 billion.
The stock, operating pinch nan awesome of nan president’s initials, DJT, closed astatine $9.82 connected Tuesday, down 3.7%. Since Trump was reelected successful 2024, it reached a precocious of $40.03 connected Jan. 17, 2025.
In a statement, Donald Trump Jr. said, “I want to convey Devin Nunes for his dedicated work to nan Company complete nan past 4 years, and congratulate Kevin McGurn connected his assignment arsenic Interim CEO. Kevin brings heavy acquisition crossed media, technology, and superior markets, arsenic good arsenic a beardown knowing of Trump Media’s operations and strategical priorities. His familiarity pinch nan Company and alignment pinch our activity squad uniquely position him to guideline Trump Media done this important period.”
The institution has, among different things, collaborated pinch Crypto.com and, precocious past year, announced a merger pinch fusion powerfulness institution TAE Technologies, pinch nan woody expected to adjacent successful mid-2026. In February, they announced nan imaginable spinoff of businesses including Truth Social.
