Drooid Logo
Back to today’s briefing

Story perspectives

Trump Media Names New CEO, Stock Plummets 60%

4/23/2026

25 4 Full Breakdown

1 of 1

Story summary
  • Trump Media & Technology named Kevin McGurn chief executive, causing the stock to fall to $9.48.
  • Since President Donald Trump’s 2024 reelection, the stock has lost over 60%, wiping out roughly $6 billion in value.
  • The firm has added cryptocurrency partnerships, merged with a nuclear-fusion company, and faced audience declines and critics’ conflict-of-interest warnings.