Overview
- Trump Media named longtime adviser Kevin McGurn interim CEO Tuesday, following Devin Nunes’s exit from the top job.
- The company gave no reason for the change or a timeline for a permanent hire, while Nunes said he will focus on chairing the President’s Intelligence Advisory Board.
- Regulatory filings show 2025 revenue of about $3.7 million and a $712.3 million net loss, including large non‑cash losses tied to digital assets.
- Shares that surged after the 2024 SPAC listing have fallen to about $9.82, a slide various reports say wiped out more than $6 billion in investor value and pushed total losses since going public above $1 billion.
- The transition follows recent board departures by Robert Lighthizer and Eric Swider and leaves big moves pending, including an all‑stock merger with fusion firm TAE Technologies and a potential spin‑off of Truth Social.