Trump Media taps interim CEO as Devin Nunes steps aside
Fox Business • • business
Key Points:
- Trump Media & Technology Group appointed Kevin McGurn as interim CEO, replacing Devin Nunes, who is stepping aside to focus on other roles including chairing the president’s Intelligence Advisory Board.
- The company reported a net loss of over $712 million in 2025 on just $3.7 million in revenue, with expenses exceeding revenue by a wide margin, largely due to write-downs and losses related to digital assets.
- Recent leadership changes follow several board departures, including former U.S. Trade Representative Robert Lighthizer and director Eric Swider, both leaving without disputes with management.
- Trump Media operates Truth Social, Truth+, and Truth.Fi, and is expanding into financial services and digital assets as part of its growth strategy.
- McGurn emphasized his commitment to delivering long-term shareholder value and scaling the company’s media platforms during this new phase of leadership.
