Trump Media replaces CEO Nunes with Kevin McGurn after $1B in losses, despite $2B bitcoin treasury bet
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Promote with Leviathan NewsTrump Media ($DJT) swapped Devin Nunes for Kevin McGurn as interim CEO after racking up $1B+ in cumulative losses since its 2024 debut. Market cap cratered from $10B to $2.7B with the stock down 58% YoY, even after a $2B bitcoin treasury bet and the TAE Technologies fusion merger. McGurn currently runs a shell company co-founded by Trump's sons, so this reads more like a family reshuffle than outside rescue.
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