Overview
- Trump Media, which runs Truth Social, named Kevin McGurn interim CEO Tuesday, replacing Devin Nunes, who said he will focus on chairing the President’s Intelligence Advisory Board.
- McGurn has advised the company since December 2024 and previously held senior roles at Hulu, Vevo, and T-Mobile.
- The stock, which trades as DJT, has fallen about 67% from post‑election highs, erasing billions in investor wealth reported by market coverage.
- For 2025, the company reported $3.7 million in revenue, a $712.3 million consolidated net loss, and about $2.5 billion in financial assets at year‑end.
- The board has not set a timeline for a permanent CEO as the company works to close a planned merger with fusion firm TAE Technologies and weighs a potential spin‑off of some businesses.