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Story summary
- Trump Media & Technology Group’s cryptocurrency exposure, which caused over $368 million in unrealized losses, led its stock to fall to $7.52 per share after a $400 million Q1 2026 net loss.
- Rep. Devin Nunes announced he will leave TMTG, saying new leadership is needed for transition.
- The company scrapped its Truth Social SPAC spin-off, reaffirmed the pending merger with TAE Technologies, and reported Q1 revenue just over $870,000 as cash burn accelerated.
