Trump Media and Technology Corp., which operates the social media platform Truth Social, has named Kevin McGurn as interim CEO to succeed Devin Nunes.
McGurn, a former executive at T-Mobile USA, Vevo and Hulu, has been an advisor to the company since December, 2024.
Nunes, a former congressman, has served as CEO since the company’s inception. In addition to Truth Social, the company operates the streaming service Truth+ and the financial services brand Truth.Fi.
In March, TMTG reported a $712 million loss on net revenue of $3.7 million. It reported assets of $2.6 billion.
The stock, operating with the symbol of the president’s initials, DJT, closed at $9.82 on Tuesday, down 3.7%. Since Trump was reelected in 2024, it reached a high of $40.03 on Jan. 17, 2025.
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