The Trump business behind Truth Social is replacing a former congressman and big supporter of the U.S. president as leader of the social media platform after a stock collapse that wiped out billions in investor wealth.
Devin Nunes, a former California congressmen in Donald Trump’s first term, is being replaced temporarily by digital media executive Kevin McGurn as chief executive officer. The company, Trump Media & Technology, didn’t give a reason for Nunes leaving or provide a timeline for his permanent replacement.
After soaring shortly before Trump’s re-election in November 2024, stock in the company plunged 67%, wiping out more than $6 billion in investor wealth.
There’s a pole waiting for Nunez too
Reminder: Jimmy Carter got rid of his family farm to avoid even the appearance of impropriety under the Emoluments Clause.
We are well into the new gilded age and robber barons are back in style
Trump’s media company is utterly worthless. It never had any value. All it lost was a binch of pedofascist bootlickers who are rethinking their life choices.
Who would have thought that Pedophile Trump would lose $6 billion in investor wealth so quickly? Do you suppose a particular bovine with mischievous tendencies might be behind this misdeed? Or was it the farmer’s fault?
Likely the latter.
I deleted my Twitter account years ago at, or shortly before, Space Karen started Sieg Heiling. So I haven’t been able to follow up on things there - but I hope the cow is doing fine.
