Nunes, a former Republican congressman, oversaw the social media platform's stated mission to provide "a safe harbor for free expression." Despite serving as a pulpit for Mr. Trump's frequent posts, Truth Social has struggled to attract advertisers. The company's revenue has risen only 1.8% over the past year, while it has lost more than $1 billion since going public two years ago, according to its most recent annual report.
Trump Media's stock price tumbled 58% during the previous 12 months, erasing billions in shareholder value. Valued at close to $10 billion when it went public in March 2024, the company now has a market capitalization of $2.7 billion, according to FactSet.
Shares of Trump Media traded at $9.78 on Wednesday.
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"Truth"Social. Hosting a platform for the planets biggest liar to post thousands of lunatic screeds using a name that accurately describes exactly what it IS NOT.
Get the latest news from "Truth" Social's weather department:
Re: Iran War 3/25/26+ (cont. from 3/8-25/26 thread)
By metmike - March 28, 2026, 10:55 p.m.
In other news from the White House Weather Center:
