Former Republican Rep. Devin Nunes out as Trump Media CEO [View all]

Source: Politico

04/21/2026 10:00 PM EDT


Former Rep. Devin Nunes is out as CEO of President Donald Trump’s social media company, in a major shake-up.

Trump Media & Technology Group, the Truth Social parent company whose largest shareholder is Trump, said in a statement Tuesday that Nunes would be succeeded by Kevin McGurn, an adviser to the company, who will take over as interim CEO effective immediately. It did not offer a reason for Nunes’ unexpected departure.

“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,” said Donald Trump Jr., who sits on the company’s board and oversees a trust holding his father’s shares in the company. “Kevin brings deep experience across media, technology, and capital markets, as well as a strong understanding of Trump Media’s operations and strategic priorities.”

The C-suite overhaul lands after years of repeated losses at Trump Media, a company that was once billed as a conservative challenger to Silicon Valley giants and the next gem in Trump’s vast business empire. The company recorded a net loss of more than $712 million and revenues of $3.7 million in 2025. Trump Media shares have struggled all the while as well. The stock, which trades under the ticker “DJT,” closed at $9.82 on Tuesday — marking a more than 75 percent decline since Trump’s inauguration.

Read more: https://www.politico.com/news/2026/04/21/former-republican-rep-devin-nunes-out-as-trump-media-ceo-00886234