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Nunes Resigns, McGurn Leads Trump Media Amid $712M Loss

4/23/2026

33 3 Full Breakdown

Summary

Story summary

Rep. Devin Nunes resigned as CEO, naming Kevin McGurn as CEO of Trump Media & Technology Group.
Trump Media posted $3.7 million revenue, a $712 million 2025 net loss and a $2.7 billion market value, with DJT shares near $9.80 after losing over $1 billion since its 2024 IPO.
Devin Nunes earned $47 million in 2024 and now chairs the President’s Intelligence Advisory Board while Trump Media explores cryptocurrency and a merger with TAE Technologies.

History

Historical Context

Trump Media & Technology Group (TMTG), founded in 2021, faced a projected net loss of $712 million in 2024, echoing the financial turmoil of the 2000 dot-com bubble. Devin Nunes, who earned $47 million that year, transitioned to chair the President’s Intelligence Advisory Board. The company's struggles highlight ongoing market volatility and the challenges of adapting to evolving technology trends.

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Story summary

Rep. Devin Nunes resigned as CEO, naming Kevin McGurn as CEO of Trump Media & Technology Group.
Trump Media posted $3.7 million revenue, a $712 million 2025 net loss and a $2.7 billion market value, with DJT shares near $9.80 after losing over $1 billion since its 2024 IPO.
Devin Nunes earned $47 million in 2024 and now chairs the President’s Intelligence Advisory Board while Trump Media explores cryptocurrency and a merger with TAE Technologies.

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