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StocksMediumUpdated•Originally published 22 April 2026•Updated 22 April 2026•

1 min read

Trump Media CEO Devin Nunes Resigns Abruptly Following Stock Slump

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Key Facts

1Devin Nunes is abruptly leaving his position as CEO of Trump Media.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Updated with the appointment of Kevin McGurn as interim CEO and specific data on the 67% stock decline and $6 billion loss in market value.

Trump Media has announced the abrupt resignation of CEO Devin Nunes, appointing digital media executive Kevin McGurn as interim CEO to lead the transition. This leadership change comes as the company's stock has plunged 67% from its peak prior to the November 2024 election, wiping out over $6 billion in investor wealth. The appointment of McGurn is seen as an attempt to stabilize the firm following a period of significant market value erosion. However, investors remain cautious as the company grapples with the fallout from its recent performance slump. Analysts suggest that while an interim successor is in place, the massive loss in valuation continues to weigh heavily on market sentiment. The board now faces the urgent task of restoring confidence and defining a clear strategic path forward.