Trump Media Says Goodbye to CEO Devin Nunes After Taking $712M Net Loss

Former Republican congressman Devin Nunes is out as the CEO of Trump Media — the company that owns Truth Social — after the firm recorded a $712 million net loss in 2025. In a press release, Donald Trump Jr. issued the following statement on behalf of the Board of Directors: I 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’s operations and strategic...