1 of 1
Story summary
- The share price collapse erased more than $6 billion in investor value.
- Trump Media & Technology Group named Kevin McGurn interim chief executive, succeeding Devin Nunes.
- The firm posted $3.7 million revenue and a net loss over $712 million, pushing losses above $1.1 billion.
- Ethics experts warned that U.S. President Donald Trump’s ownership stake creates a conflict, prompting entrepreneur Justin Sun to sue to unfreeze tokens linked to World Liberty Financial.
