Markets 
Trump Media & Technology Group on Tuesday named an interim chief executive as Devin Nunes stepped aside, marking a leadership transition at the parent of Truth Social following recent board departures and steep financial losses in 2025.
The company appointed longtime advisor Kevin McGurn as interim CEO effective immediately, succeeding Nunes, who has led the company since 2022. McGurn brings more than two decades of experience across media, telecommunications and advertising technology, according to the company.
The leadership shift comes as Trump Media continues to report significant losses relative to its revenue. The company posted a net loss of more than $712 million in 2025 – on roughly $3.7 million in revenue, according to its annual filing with the Securities and Exchange Commission.
GOP SENATOR WILL BLOCK WARSH NOMINATION UNTIL ‘BOGUS’ POWELL PROBE ENDS
Financial disclosures show expenses far outpaced revenue, including more than $576 million in operating costs. A substantial portion of the losses was tied to write-downs and losses related to digital assets, highlighting the company’s exposure to volatile investment areas.
“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,” Donald Trump Jr., a board member, said in a statement.
TRUMP MEDIA TO MERGE WITH TAE TECHNOLOGIES, CREATING ONE OF THE FIRST PUBLICLY-TRADED FUSION COMPANIES
Nunes said the transition comes as the company enters a new phase, adding it was “an appropriate time” for McGurn to take over leadership while he shifts focus to other roles, including serving as chairman of the president’s Intelligence Advisory Board.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DJT | TRUMP MEDIA & TECHNOLOGY GROUP CORP | 9.82 | -0.38 | -3.73% |
The leadership change follows a series of recent board departures disclosed in regulatory filings. Former U.S. Trade Representative Robert Lighthizer resigned from the board in March, and director Eric Swider stepped down earlier this month. The company said in both cases the exits were not due to any dispute with management.
TRUMP MEDIA BACKS 5 AMERICA-FOCUSED ETFS
Trump Media, which operates the Truth Social platform along with its streaming service Truth+ and fintech brand Truth.Fi, has sought to expand beyond social media into areas including financial services and digital assets as it looks to grow its business.
CLICK HERE TO GET FOX BUSINESS ON THE GO
The company has framed the leadership transition as part of its next phase, with McGurn expected to guide operations and strategic initiatives moving forward.
Read the full article here
