Nunes exits Trump Media as CEO to focus on security advisory role

Former congressman Devin Nunes is stepping down as CEO of Trump Media & Technology, the company behind Truth Social, after more than four years at the helm. He said he will focus on his role as chairman of Trump’s intelligence advisory board and other ventures, with Kevin McGurn named interim CEO. The company has struggled financially, posting significant losses and a plunging stock price since going public, and while it once projected rapid growth, its actual performance so far has disappointed investors. Trump maintains majority control of the firm, whose long-term ambitions have yet to be realized.