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New CEO at Trump’s media company after stock collapses

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There’s been a leadership shake-up at the company that runs President Trump’s social media platform.
Former California Congressman Devin Nunes has been removed as CEO of Trump Media and Technology. He’s being replaced temporarily by digital media executive Kevin McGurn. The company, which owns Truth Social, didn’t give a reason for Nunes leaving. However, its stock has collapsed in the last year. The stock is down more than 60 percent since Donald Trump was reelected president in November 2024, wiping out more than 6 billion dollars in investor wealth. GC, Wash.

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